{"id":174654,"date":"2024-03-13T02:22:00","date_gmt":"2024-03-13T06:22:00","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=174654"},"modified":"2024-03-13T08:57:49","modified_gmt":"2024-03-13T12:57:49","slug":"tech-talk-for-wednesday-march-13th-2024","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2024\/03\/13\/tech-talk-for-wednesday-march-13th-2024\/","title":{"rendered":"Tech Talk for Wednesday March 13th 2024"},"content":{"rendered":"

Pre-opening Comments for Wednesday March 13th<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were lower this morning. <\/b>S&P 500 futures were down 3 points at 8:30 AM EDT.<\/em><\/p>\n

Dollar Tree<\/b> dropped $11.93 to $137.76 after reporting lower than consensus fiscal fourth quarter earnings.<\/em><\/p>\n

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Petco Health & Wellness<\/b> added $0.09 to $2.65 after reporting higher than consensus fiscal fourth quarter revenues. <\/em><\/p>\n

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Vera Bradley<\/b> dropped $0.15 to $6.96 after reporting a fourth quarter loss. <\/em><\/p>\n

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GE HealthCare<\/b> dropped $3.81 to $88.01 after announcing sale of 14 million shares.<\/em><\/p>\n

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 <\/p>\n

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

China large cap iShares<\/b> $FXI moved above $24.35 completing a Reverse Head & Shoulders pattern.<\/p>\n

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Hong Kong iShares<\/b> $EWH moved above $16.69 completing a double bottom pattern.<\/p>\n

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Consumer Staples SPDRs<\/b> $XLP moved above $76.17 extending an intermediate uptrend. <\/p>\n

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Global Timber ETF<\/b> $CUT moved above $32.45 to a 22 month high extending an intermediate uptrend.<\/p>\n

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Oil Services ETF <\/b>$OIH moved above $308.61 completing a double bottom pattern.<\/p>\n

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Johnson & Johnson<\/b> $JNJ a Dow Jones Industrial Average stock moved above $162.35 extending an intermediate uptrend.<\/p>\n

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Oracle <\/b>$ORCL an S&P 100 stock moved above $126.46 to an all-time high extending an intermediate uptrend. Responded to higher than consensus fiscal third quarter earnings! <\/p>\n

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Tesla <\/b>$TSLA a NASDAQ 100 stock moved below $175.01 extending an intermediate downtrend. <\/p>\n

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Teck Resources<\/b> $TECK.B.TO a TSX 60 stock moved above Cdn$56.90 extending an intermediate uptrend. <\/p>\n

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BCE<\/b> $BCE a TSX 60 stock moved below Cdn$48.70 extending an intermediate downtrend.<\/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 March 12th<\/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

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

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

Daily Seasonal\/Technical Commodities Trends for March 12th<\/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><\/p>\n

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

Daily Seasonal\/Technical Sector Trends for March 12th<\/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

MAX PAIN with Market Makers This Week Tom Bowley<\/b><\/p>\n

(Warns about impact of option expiry this Friday)<\/b><\/p>\n

MAX PAIN with Market Makers This Week \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

5 TOP STOCK PICKS + 2 With Great Potential: Mish Scheider<\/b><\/p>\n

5 TOP STOCK PICKS + 2 With Great Potential \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

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

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The intermediate term Barometer dropped 3.0 to 77.60. It remains Overbought.<\/p>\n

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The long term Barometer dropped 1.20 to 81.00. It remains Overbought.<\/p>\n

 <\/p>\n

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

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

The intermediate term Barometer added 1.33 to 67.11. It remains Overbought.<\/p>\n

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The long term Barometer dropped 2.22 to 65.78. It remains Overbought.<\/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 Wednesday March 13th U.S. equity index futures were lower this morning. S&P 500 futures were down 3 points at 8:30 AM EDT. Dollar Tree dropped $11.93 to $137.76 after reporting lower than consensus fiscal fourth quarter earnings. Petco Health & Wellness added $0.09 to $2.65 after reporting higher than consensus fiscal fourth […]<\/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-174654","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/174654","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=174654"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/174654\/revisions"}],"predecessor-version":[{"id":174664,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/174654\/revisions\/174664"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=174654"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=174654"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=174654"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}