{"id":173850,"date":"2024-02-15T02:22:00","date_gmt":"2024-02-15T07:22:00","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=173850"},"modified":"2024-02-15T08:46:53","modified_gmt":"2024-02-15T13:46:53","slug":"tech-talk-for-thursday-february-15th-2024","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2024\/02\/15\/tech-talk-for-thursday-february-15th-2024\/","title":{"rendered":"Tech Talk for Thursday February 15th 2024"},"content":{"rendered":"

Pre-opening Comments for Thursday February 15th<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were higher this morning<\/b>. S&P 500 futures were up 9 points at 8:35 AM EST.<\/em><\/p>\n

S&P 500 futures added 5 points following release of economic news at 8:30 AM EST. <\/b>Consensus for January retail Sales was a drop of 0.3%. Actual was a drop of 0.8%. Consensus for January U.S. retail sales ex auto sales was a drop of 0.2% versus a gain of 0.4% in December. Actual was a drop of 0.6%. Consensus for the February Philly Fed Index was -8.0 versus -10.6 in January. Actual was +5.2. Consensus for the February Empire State Manufacturing Survey was -12.50 versus -43.70 in January. Actual was -2.4.<\/em><\/p>\n

Cisco<\/b> dropped $2.70 to $45.58 after offering guidance below consensus estimates. <\/em><\/p>\n

\"clip_image001[1]\"<\/a><\/p>\n

Twilio<\/b> dropped $6.55 to $65.51 after reporting fourth quarter revenues below consensus.<\/em><\/p>\n

\"clip_image002[1]\"<\/a><\/p>\n

Canadian Tire<\/b> is expected to open lower after reporting less than consensus fourth quarter earnings and revenues. <\/em><\/p>\n

\"clip_image003[1]\"<\/a><\/p>\n

Manulife Financial<\/b> is expected to open higher after raising its quarterly dividend by 9.6%. <\/em><\/p>\n

\"clip_image004[1]\"<\/a><\/p>\n

 <\/p>\n

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

Dow Jones Transportation iShares<\/b> $IYT moved above $273.40 to an all-time high extending an intermediate uptrend. <\/p>\n

\"clip_image001\"<\/a><\/p>\n

Kraft Heinz<\/b> $KHC an S&P 100 stock moved below $35.69 extending an intermediate downtrend.<\/p>\n

\"clip_image002\"<\/a><\/p>\n

TSX Gold iShares<\/b> $XGD.TO moved below Cdn$15.14 extending an intermediate downtrend. <\/p>\n

\"clip_image003\"<\/a><\/p>\n

Barrick Gold<\/b> $ABX.TO a TSX 60 stock moved below Cdn$18.93 extending an intermediate downtrend.<\/p>\n

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

Biogen <\/b>$BIIB a NASDAQ 100 stock moved below $220.86 extending an intermediate downtrend. <\/p>\n

\"clip_image005\"<\/a><\/p>\n

Couche-Tard<\/b> $ATD.TO a TSX 60 stock moved above Cdn$82.32 to an all-time high extending an intermediate uptrend. <\/p>\n

\"clip_image006\"<\/a><\/p>\n

Dollarama<\/b> $DOL.TO a TSX 60 stock moved above Cdn$101.73 to an all-time high extending an intermediate uptrend. <\/p>\n

\"clip_image007\"<\/a><\/p>\n

Nutrien<\/b> $NTR.TO a TSX 60 stock moved below Cdn$65.35 extending an intermediate downtrend.<\/p>\n

\"clip_image008\"<\/a><\/p>\n

 <\/p>\n

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

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

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

Daily Seasonal\/Technical Equity Trends for Feb.14th<\/sup> 2024<\/p>\n

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

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

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

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

 <\/p>\n

Commodities<\/p>\n

Daily Seasonal\/Technical Commodities Trends for Feb.14th<\/sup> 2024<\/p>\n

\"clip_image012\"<\/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<\/p>\n

Daily Seasonal\/Technical Sector Trends for Feb.14th<\/sup> 2024<\/p>\n

\"clip_image014\"<\/a><\/p>\n

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

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

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

Links from valued providers<\/strong><\/font><\/p>\n

RISK OFF MOVE! S&P 500 Plunges Below 5K: David Keller<\/b><\/p>\n

RISK OFF MOVE! S&P 500 Plunges Below 5K \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

Inflation Back in the Driver\u2019s Seat: Pete Carmasino<\/b><\/p>\n

Inflation Back in the Driver\u2019s Seat \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

EASY SCAN! Find Growth Names in Small-Caps<\/b><\/p>\n

EASY SCAN! Find Growth Names in Small-Caps \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

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

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

The intermediate term Barometer added 3.20 to 56.80. It remains Neutral.<\/p>\n

\"clip_image016\"<\/a><\/p>\n

The long term Barometer added 2.60 to 70.00. It remains Overbought.<\/p>\n

 <\/p>\n

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

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

The intermediate term Barometer added 7.56 to 50.22. It remains Neutral.<\/p>\n

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

The long term Barometer added 2.22 to 54.67. It remains Neutral.<\/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 Thursday February 15th U.S. equity index futures were higher this morning. S&P 500 futures were up 9 points at 8:35 AM EST. S&P 500 futures added 5 points following release of economic news at 8:30 AM EST. Consensus for January retail Sales was a drop of 0.3%. Actual was a drop of […]<\/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-173850","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/173850","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=173850"}],"version-history":[{"count":3,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/173850\/revisions"}],"predecessor-version":[{"id":173891,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/173850\/revisions\/173891"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=173850"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=173850"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=173850"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}