{"id":174303,"date":"2024-03-01T02:22:00","date_gmt":"2024-03-01T07:22:00","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=174303"},"modified":"2024-03-01T08:45:39","modified_gmt":"2024-03-01T13:45:39","slug":"tech-talk-for-friday-march-1st-2024","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2024\/03\/01\/tech-talk-for-friday-march-1st-2024\/","title":{"rendered":"Tech Talk for Friday March 1st 2024"},"content":{"rendered":"

Pre-opening Comments for Friday March 1st<\/sup><\/strong><\/font><\/em><\/p>\n

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

WTI Crude oil added $1.33 to a three month high at U.S. 79.58 per barrel<\/b>.<\/em><\/p>\n

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Dell Technologies<\/b> advanced $12.34 after reporting higher than consensus fourth quarter results. The company also raised its dividend.<\/em><\/p>\n

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Autodesk <\/b>gained $14.83 to $273.00 after reporting higher than consensus fourth quarter results.<\/em><\/p>\n

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Zscaler <\/b>dropped $16.97 to $225.00 after offering guidance below consensus.<\/em><\/p>\n

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 <\/p>\n

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

WTI Crude Oil<\/b> $WTIC moved above US$79.29 extending an intermediate uptrend. <\/p>\n

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Russell 2000 iShares<\/b> $IWM moved above $205.49 extending an intermediate uptrend. <\/p>\n

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U.S. Brokers iShares<\/b> $IAI moved above $110.91 to an all-time high extending an intermediate uptrend. <\/p>\n

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Frontier iShares<\/b> $FM moved above $26.96 extending an intermediate uptrend.<\/p>\n

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Advanced Micro Devices <\/b>$AMD moved above $184.92 to an all-time high extending an intermediate uptrend.<\/p>\n

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Canadian Imperial Bank of Commerce<\/b> $CM.TO a TSX 60 stock moved above Cdn$64.09 extending an intermediate uptrend. It reported higher than consensus fiscal first quarter earnings. <\/p>\n

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BMO Equal Weight Canadian Energy ETF<\/b> $ZEO.TO moved above Cdn$66.45 extending an intermediate uptrend. <\/p>\n

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Canadian Natural Resources<\/b> $CNQ.TO a TSX 60 stock moved above Cdn$82.34 to an all-time high extending an intermediate uptrend. <\/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.29th<\/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.29th<\/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

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

Daily Seasonal\/Technical Sector Trends for Feb.29th<\/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

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

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

Copper: Wired for the future: Sprott<\/b><\/p>\n

Copper: Wired for the Future (sprott.com)<\/a><\/p>\n

 <\/p>\n

Magnificent 7 Not All Magnificent! David Keller<\/b><\/p>\n

Magnificent 7 Not All Magnificent! \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

Do NOT Argue With a Secular Bull Market Advance! Tom Bowley<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=0UUEqhVGhaE<\/a><\/p>\n

 <\/p>\n

Bullish Pattern In These Three Stocks: Dan Nathan, Guy Adami and Carter Worth<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=4w63wJ2IxEs<\/a><\/p>\n

 <\/p>\n

Swing Trading Strategies, Tips & Trends: Joe Rabil and Bruce Fraser<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=vuqbNDNmsF8<\/a><\/p>\n

 <\/p>\n

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

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

The intermediate term Barometer added 2.00 to 67.60. It remains Overbought.<\/p>\n

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

The long term Barometer added 2.80 to 76.60. It remains Overbought.<\/p>\n

 <\/p>\n

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

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

The intermediate term Barometer dropped 1.33 to 51.56. It remains Neutral. Daily trend is down.<\/p>\n

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The long term Barometer added 1.33 to 58.22. 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 March 1st U.S. equity index futures were mixed this morning. S&P 500 futures were unchanged at 8:30 AM EST WTI Crude oil added $1.33 to a three month high at U.S. 79.58 per barrel. Dell Technologies advanced $12.34 after reporting higher than consensus fourth quarter results. The company also raised its […]<\/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-174303","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/174303","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=174303"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/174303\/revisions"}],"predecessor-version":[{"id":174313,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/174303\/revisions\/174313"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=174303"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=174303"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=174303"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}