{"id":174095,"date":"2024-02-23T02:22:00","date_gmt":"2024-02-23T07:22:00","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=174095"},"modified":"2024-02-23T08:49:38","modified_gmt":"2024-02-23T13:49:38","slug":"tech-talk-for-friday-february-23rd-2024","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2024\/02\/23\/tech-talk-for-friday-february-23rd-2024\/","title":{"rendered":"Tech Talk for Friday February 23rd 2024"},"content":{"rendered":"

Pre-opening Comments for Friday February 27th<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were higher this morning.<\/b> S&P 500 futures were up 7 points at 8:30 AM EST.<\/em><\/p>\n

Intuit <\/b>dropped $8.92 to $649.00 after offering guidance below consensus.<\/em><\/p>\n

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Booking Holdings<\/b> dropped $163.36 to $3738.63 after reporting less than consensus fourth quarter earnings.<\/em><\/p>\n

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Block <\/b>gained $7.36 to $75.32 after reporting a surprise fourth quarter profit.<\/em><\/p>\n

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Carvana<\/b> advanced $11.60 to $63.60 after offering positive first quarter guidance. <\/em><\/p>\n

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 <\/p>\n

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

Eurozone iShares<\/b> $EZU moved above $48.20 to an all-time high extending an intermediate uptrend. <\/p>\n

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Germany iShares<\/b> $EWG moved above $29.90 extending an intermediate uptrend.<\/p>\n

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Materials SPDRs<\/b> $XLB moved above $86.30 extending an intermediate uptrend.<\/p>\n

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Consumer Discretionary SPDRs<\/b> $XLY moved above $182.19 extending an intermediate uptrend. <\/p>\n

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BMO China ETF<\/b> $ZCH.TO moved above Cdn$12.29 completing a double bottom pattern.<\/p>\n

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Financial SPDRs <\/b>$XLF moved above $40.08 to an all-time high extending an intermediate uptrend. <\/p>\n

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Bank of Nova Scotia<\/b> $BNS.TO a TSX 60 stock moved above $64.26 extending an intermediate uptrend. <\/p>\n

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Nutrien <\/b>$NTR.TO a TSX 60 stock moved above intermediate resistance at Cdn$70.25.<\/p>\n

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CCL Industries<\/b> $CCL.B.TO a TSX 60 stock moved above Cdn$61.87 extending an intermediate uptrend. <\/p>\n

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Suncor <\/b>$SU.TO a TSX 60 stock moved above Cdn$45.79 resuming an intermediate uptrend. The company reported higher than consensus fourth quarter 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.22nd<\/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.22nd<\/sup> 2024<\/p>\n

\"clip_image014\"<\/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.22nd<\/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

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

CastleMoore on BNN\u2019s Market Call Yesterday<\/font><\/strong><\/p>\n

Hap Sneddon, founder and chief portfolio manager at CastleMoore Inc., discusses his top picks: Invesco DB Agriculture ETF, Paramount Resources, and iShares China Index.<\/p>\n

https:\/\/www.bnnbloomberg.ca\/market-call<\/a><\/p>\n

 <\/p>\n

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

NVDA Explodes Higher Lifting US Futures: Tom Bowley<\/b><\/p>\n

NVDA Explodes Higher Lifting US Futures \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

3 Unique RSI Techniques to Maximize Your Investments: Joe Rabil<\/b><\/p>\n

3 Unique RSI Techniques to Maximize Your Investments \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

Former Dallas Fed Pres. Richard Fisher: Something has to be done about ‘our enormous fiscal wreck’: Richard Fisher<\/b><\/p>\n

Former Dallas Fed Pres. Richard Fisher: Something has to be done about ‘our enormous fiscal wreck’ \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

Nvidia Beats, Stock Soars – Dan Niles and Carter Worth React: Guy Adami and Dan Nathan<\/b><\/p>\n

Nvidia Beats, Stock Soars – Dan Niles and Carter Worth React \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

Technical Score on Chart of the Day<\/strong><\/font><\/p>\n

Technical score on NASDAQ Composite Index improved from -2 to +4:<\/p>\n

Trend: Remained Up Score: +2 to +2<\/p>\n

Strength relative to S&P 500: Negative to Neutral Score: -2 to 0<\/p>\n

20 day moving average: Below to Above: Score: -1 to +1<\/p>\n

Daily Momentum (Stochastics, RSI, MACD): Down to Up Score: -1 to +1<\/p>\n

Totals: Score: -2 to +4<\/p>\n

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 <\/p>\n

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

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

The intermediate term Barometer added 1.00 to 65.40. It remains Overbought.<\/p>\n

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The long term Barometer added 1.60 to 76.00. It remains Overbought.<\/p>\n

 <\/p>\n

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

\"clip_image020\"<\/a><\/p>\n

The intermediate term Barometer dropped 2.67 to 57.78. It changed from Overbought to Neutral on a drop below 60.00. <\/p>\n

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The long term Barometer added 3.11 to 59.11. 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 Friday February 27th U.S. equity index futures were higher this morning. S&P 500 futures were up 7 points at 8:30 AM EST. Intuit dropped $8.92 to $649.00 after offering guidance below consensus. Booking Holdings dropped $163.36 to $3738.63 after reporting less than consensus fourth quarter earnings. Block gained $7.36 to $75.32 after […]<\/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-174095","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/174095","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=174095"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/174095\/revisions"}],"predecessor-version":[{"id":174105,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/174095\/revisions\/174105"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=174095"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=174095"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=174095"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}