{"id":173648,"date":"2024-02-08T02:22:00","date_gmt":"2024-02-08T07:22:00","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=173648"},"modified":"2024-02-08T08:43:48","modified_gmt":"2024-02-08T13:43:48","slug":"tech-talk-for-thursday-february-8th-2024","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2024\/02\/08\/tech-talk-for-thursday-february-8th-2024\/","title":{"rendered":"Tech Talk for Thursday February 8th 2024"},"content":{"rendered":"

Pre-opening Comments for Thursday February 8th<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were lower this morning<\/b>. S&P 500 futures were down 9 points at 8:30 AM EST.<\/em><\/p>\n

Walt Disney<\/b> advanced $4.85 to $104.00 after reporting higher than consensus fiscal first quarter earnings.<\/em><\/p>\n

\"clip_image001[5]\"<\/a><\/p>\n

ARM Holdings<\/b> jumped $22.19 to $99.20 after reporting higher than consensus fiscal third quarter results. <\/em><\/p>\n

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Wynn Resorts<\/b> added $2.17 to $102.00 after reporting higher than consensus fourth quarter revenues and earnings. <\/em><\/p>\n

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PayPal <\/b>dropped $4.46 to $58.78 after announcing a slowdown in active accounts. <\/em><\/p>\n

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 <\/p>\n

<\/sup> <\/p>\n

Technical Notes<\/strong><\/font><\/p>\n

Water Resources ETF <\/b>$PHO moved above $61.32 to an all-time high extending an intermediate uptrend. <\/p>\n

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Palladium ETN<\/b> $PALL moved below $83.30 extending an intermediate downtrend. <\/p>\n

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Gasoline ETN <\/b>$GASO moved above $2.35 and $238 extending an intermediate uptrend.<\/p>\n

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Emerson Electric<\/b> $EMR an S&P 100 stock moved above $98.09, $100.12 and $100.61 to an all-time high extending an intermediate uptrend. <\/p>\n

\"clip_image004\"<\/a><\/p>\n

Verisk Analytics<\/b> $VRSK a NASDAQ 100 stock moved above $249.92 to an all-time high extending an intermediate uptrend. <\/p>\n

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Sun Life Financial<\/b> $SLF.TO a TSX 60 stock moved above Cdn$70.82 to an all-time high extending an intermediate uptrend. <\/p>\n

Trader\u2019s Corner<\/strong><\/font><\/p>\n

<\/font><\/strong><\/p>\n

Equity Indices and Related ETFs<\/strong><\/font><\/p>\n

Daily Seasonal\/Technical Equity Trends for Feb.7th<\/sup> 2024<\/p>\n

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Green: Increase from previous day<\/font><\/em><\/p>\n

Red: Decrease from previous day<\/font><\/em><\/p>\n

Source for all positive seasonality ratings: <\/em>www.EquityClock.com<\/em><\/a><\/p>\n

 <\/p>\n

Commodities<\/font><\/strong><\/p>\n

Daily Seasonal\/Technical Commodities Trends for Feb.7th<\/sup> 2024<\/p>\n

\"clip_image010\"<\/a><\/b><\/p>\n

Green: Increase from previous day<\/font><\/em><\/p>\n

Red: Decrease from previous day<\/font><\/em><\/p>\n

 <\/p>\n

Sectors<\/strong><\/font><\/p>\n

Daily Seasonal\/Technical Sector Trends for Feb.7th<\/sup> 2024<\/p>\n

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Green: Increase from previous day<\/font><\/em><\/p>\n

Red: Decrease from previous day<\/font><\/em><\/p>\n

 <\/p>\n

Links offered by valued providers<\/strong><\/font><\/p>\n

Three Things I WISH I’d Known About Trading: David Keller<\/b><\/p>\n

Three Things I WISH I’d Known About Trading \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

Stocks vs. Bonds: Monthly Trends Revealed!<\/b><\/p>\n

Stocks vs. Bonds: Monthly Trends Revealed! \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

Canadian banks\u2019 profit growth could be somewhat anemic: CIO<\/b><\/p>\n

Canadian banks\u2019 profit growth could be somewhat anemic: CIO \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

S&P 500 Momentum Barometers<\/strong><\/font><\/p>\n

\"clip_image013\"<\/a><\/p>\n

The intermediate term Barometer added 0.60 to 64.20. It remains Overbought.<\/p>\n

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The long term Barometer added 0.20 to 71.60. It remains Overbought.<\/p>\n

 <\/p>\n

TSX Momentum Barometers<\/strong><\/font><\/p>\n

\"clip_image015\"<\/a><\/p>\n

The intermediate term Barometer dropped 0.44 to 56.00. It remains Neutral.<\/p>\n

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The long term Barometer dropped 0.89 to 58.67. It remains Neutral.<\/p>\n

<\/b><\/p>\n

Disclaimer:<\/b> Seasonality ratings and technical ratings offered in this report and at<\/em><\/p>\n

www.equityclock.com<\/em><\/a> are for information only. They should not be considered as advice to purchase or to sell mentioned securities. Data offered in this report is believed to be accurate, but is not guaranteed<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Pre-opening Comments for Thursday February 8th U.S. equity index futures were lower this morning. S&P 500 futures were down 9 points at 8:30 AM EST. Walt Disney advanced $4.85 to $104.00 after reporting higher than consensus fiscal first quarter earnings. ARM Holdings jumped $22.19 to $99.20 after reporting higher than consensus fiscal third quarter results. […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-173648","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/173648","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/comments?post=173648"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/173648\/revisions"}],"predecessor-version":[{"id":173658,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/173648\/revisions\/173658"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=173648"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=173648"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=173648"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}