{"id":173809,"date":"2024-02-14T02:22:00","date_gmt":"2024-02-14T07:22:00","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=173809"},"modified":"2024-02-14T08:44:32","modified_gmt":"2024-02-14T13:44:32","slug":"tech-talk-for-wednesday-february-14th-2024","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2024\/02\/14\/tech-talk-for-wednesday-february-14th-2024\/","title":{"rendered":"Tech Talk for Wednesday February 14th 2024"},"content":{"rendered":"

Pre-opening Comments for Wednesday February 14th<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were higher this morning. <\/b>S&P 500 futures were up 22 points at 8:30 AM EST.<\/em><\/p>\n

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

Zillow Group<\/b> added $1.34 to $53.40 after reporting higher than consensus fourth quarter earnings.<\/em><\/p>\n

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Robin Hood<\/b> advanced $1.81 to $13.65 after reporting higher than consensus fourth quarter revenues. <\/em><\/p>\n

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Lyft <\/b>gained $2.07 to $14.20 after offering positive guidance. <\/em><\/p>\n

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Akamai <\/b>dropped $5.95 to $119.10 after offering guidance below consensus. <\/em><\/p>\n

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 <\/p>\n

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

Canadian Dollar<\/b> $CDW moved below US73.83 cents setting an intermediate downtrend.<\/p>\n

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TSX Composite Index <\/b>dropped below its 20 and 50 day moving averages. It also broke intermediate support at 20,594.28.<\/p>\n

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20+ year U.S. Treasury Bond iShares<\/b> $TLT moved below $92.80 completing a double top pattern. <\/p>\n

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Conversely, Yield on U.S. 10 year Treasuries<\/b> $TNX moved above 4.20% setting an intermediate uptrend. <\/p>\n

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Gold ETN<\/b> $GLD moved below $185.45 completing a double top pattern.<\/p>\n

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Walgreens Boots<\/b> $WBA a Dow Jones Industrial Average stock moved below $21.58 setting an intermediate downtrend<\/p>\n

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Global Base Metals iShares<\/b> $PICK moved below $38.97 setting an intermediate downtrend.<\/p>\n

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Rio Tinto<\/b> $RIO one of the world\u2019s largest base metals producers moved below $67.09 setting an intermediate downtrend. <\/p>\n

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Restaurant Brands International<\/b> $QSR.TO a TSX 60 stock moved below intermediate support at Cdn$101.50 following release of quarterly results. <\/p>\n

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 <\/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.13th<\/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<\/strong><\/font><\/p>\n

Daily Seasonal\/Technical Commodities Trends for Feb.13th<\/sup> 2024<\/p>\n

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

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

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

<\/em><\/p>\n

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

Daily Seasonal\/Technical Sector Trends for Feb.13th<\/sup> 2024<\/p>\n

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

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

 <\/p>\n

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

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

How LOW Will The S&P 500 Go? Tom Bowley<\/b><\/p>\n

How LOW Will The S&P 500 Go? \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

Is This The Top For The SPX? Joe Rabil<\/b><\/p>\n

Is This The Top For The SPX? \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

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

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The intermediate term Barometer plunged 13.00 to 53.60. It changed from Overbought to Neutral on a drop below 60.00. Daily downtrend was extended. <\/p>\n

\"clip_image017\"<\/a><\/p>\n

The long term Barometer dropped 4.60 to 68.00. It remains Overbought. Daily downtrend was extended. <\/p>\n

 <\/p>\n

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

\"clip_image018\"<\/a><\/p>\n

The intermediate term Barometer plunged 12.89 to 42.67. It remains Neutral. Daily downtrend was extended. <\/p>\n

\"clip_image019\"<\/a><\/p>\n

The long term Barometer dropped 7.56 to 52.44. It changed from Overbought to Neutral on a drop below 60.00. Daily downtrend was extended. <\/p>\n

 <\/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 Wednesday February 14th U.S. equity index futures were higher this morning. S&P 500 futures were up 22 points at 8:30 AM EST. Zillow Group added $1.34 to $53.40 after reporting higher than consensus fourth quarter earnings. Robin Hood advanced $1.81 to $13.65 after reporting higher than consensus fourth quarter revenues. Lyft gained […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-173809","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/173809","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=173809"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/173809\/revisions"}],"predecessor-version":[{"id":173819,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/173809\/revisions\/173819"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=173809"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=173809"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=173809"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}