{"id":174048,"date":"2024-02-22T02:22:00","date_gmt":"2024-02-22T07:22:00","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=174048"},"modified":"2024-02-22T08:53:03","modified_gmt":"2024-02-22T13:53:03","slug":"tech-talk-for-thursday-february-22nd-2024","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2024\/02\/22\/tech-talk-for-thursday-february-22nd-2024\/","title":{"rendered":"Tech Talk for Thursday February 22nd 2024"},"content":{"rendered":"

Pre-opening Comments for Thursday February 22nd<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were higher this morning.<\/b> S&P 500 futures were up 64 points at 8:35 AM EST.<\/em><\/p>\n

The Canadian Dollar was unchanged at US74.11 cents following release of Canada\u2019s December Retail Sales report at 8:30 AM EST.<\/b> Consensus was an increase of 0.8% versus a decline of 0.2% in November. Actual was an increase of 0.9%. Excluding auto sales, consensus was an increase of 0.7% versus unchanged in November. Actual was an increase of 0.6%.<\/em><\/p>\n

Nvidia <\/b>advanced $47.28 to $722.00 after reporting higher than consensus fourth quarter revenues and earnings. <\/em><\/p>\n

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

Etsy<\/b> dropped $3.13 to $74.00 after reporting less than consensus fourth quarter earnings. <\/em><\/p>\n

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

Mosaic <\/b>added $0.46 to $30.96 after reporting higher than consensus fourth quarter revenues. <\/em><\/p>\n

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

Synopsys <\/b>advanced $20.43 to $564.00 after reporting higher than consensus fiscal first quarter earnings. The company also offered positive second quarter guidance. <\/em><\/p>\n

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

 <\/p>\n

BNNBloomberg Guest on Market Call today at Noon<\/strong><\/font><\/p>\n

Hap Sneddon from CastleMoore is the guest analyst<\/p>\n

 <\/p>\n

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

IBM <\/b>$IBM a Dow Jones Industrial Average stock moved below $180.98 completing a double top pattern.<\/p>\n

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

Okta <\/b>$OKTA a NASDAQ 100 stock moved below $79.61 completing a double top pattern.<\/p>\n

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

Check Point<\/b> $CHKP a NASDAQ 100 stock moved below intermediate support at $155.57.<\/p>\n

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

ANSYS<\/b> $ANSS a NASDAQ 100 stock moved below $322.24 setting an intermediate downtrend.<\/p>\n

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

TSX Energy iShares<\/b> $XEG.TO moved above Cdn$16.26 resuming an intermediate uptrend. <\/p>\n

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ARC Resources<\/b> $ARX.TO a major Canadian \u201cgassy\u201d stock moved above Cdn$22.46 extending an intermediate uptrend. <\/p>\n

\"clip_image006\"<\/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.21st<\/sup> 2024<\/p>\n

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

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.21st<\/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.21st<\/sup> 2024<\/p>\n

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

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

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

 <\/p>\n

Next CATA Meeting<\/strong><\/font><\/p>\n

Next Canadian Association for Technical Analysis meeting is offered at 8:00 PM EST this evening. Presenter on Zoom is David Cox. Everyone is welcome. Not a member of CATA? Contact<\/p>\n

CATA Meeting – Feb 22 – David Cox – Events – Canadian Association for Technical Analysis (clubexpress.com)<\/a>.<\/p>\n

 <\/p>\n

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

Titanic Syndrome Indicator Issues a WARNING! David Keller<\/b><\/p>\n

Titanic Syndrome Indicator Issues a WARNING! \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

The U.S. dollar has moved too much against other currencies: Taylor<\/b><\/p>\n

The U.S. dollar has moved too much against other currencies: Taylor \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 3.40 to 64.40. It remains Overbought.<\/p>\n

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

The long term Barometer added 3.20 to 74.40. It remains Overbought.<\/p>\n

 <\/p>\n

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

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

The intermediate term Barometer added 2.67 to 60.44. It changed from Neutral to Overbought on a move above 60.00.<\/p>\n

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

The long term Barometer dropped 2.22 to 56.00. 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 22nd U.S. equity index futures were higher this morning. S&P 500 futures were up 64 points at 8:35 AM EST. The Canadian Dollar was unchanged at US74.11 cents following release of Canada\u2019s December Retail Sales report at 8:30 AM EST. Consensus was an increase of 0.8% versus a decline 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-174048","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/174048","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=174048"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/174048\/revisions"}],"predecessor-version":[{"id":174058,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/174048\/revisions\/174058"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=174048"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=174048"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=174048"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}