{"id":174738,"date":"2024-03-15T02:22:00","date_gmt":"2024-03-15T06:22:00","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=174738"},"modified":"2024-03-15T08:53:40","modified_gmt":"2024-03-15T12:53:40","slug":"tech-talk-for-friday-march-15th-2024","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2024\/03\/15\/tech-talk-for-friday-march-15th-2024\/","title":{"rendered":"Tech Talk for Friday March 15th 2024"},"content":{"rendered":"

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

U.S. equity index futures were higher this morning<\/b>. S&P 500 futures were up 6 points at 8:35 AM EDT<\/em><\/p>\n

Volume and volatility in U.S. equity markets is expected to be exceptionally high today<\/b>. March options tied to more than $5 trillion in stocks, exchange-traded funds and equity indexes are set to expire today during the quarterly triple witching.<\/em><\/p>\n

Equity index futures were unchanged following release of the March Empire State Manufacturing Survey at 8:30 AM EDT<\/b>. Consensus was a drop to -6.50 from a drop of- 2.40 in February. Actual was a drop to -20.9.<\/em><\/p>\n

Adobe<\/b> dropped $40.00 to $531.66 after offering fiscal second quarter guidance less than consensus.<\/em><\/p>\n

\"clip_image001[5]\"<\/a><\/p>\n

Ulta Beauty<\/b> dropped $14.44 to $551.00 after offering guidance below consensus. <\/em><\/p>\n

\"clip_image002[5]\"<\/a><\/p>\n

Pageduty<\/b> dropped $2.54 to $20.39 after reporting less than consensus quarterly guidance. The company also offered guidance below consensus. <\/em><\/p>\n

\"clip_image003[5]\"<\/a><\/p>\n

McDonald\u2019s<\/b> dropped $1.50 to $280.23 after its international operations experienced technical problems not cyber related.<\/em><\/p>\n

\"clip_image004[5]\"<\/a><\/p>\n

 <\/p>\n

Wolf on Bay Street<\/strong><\/font><\/p>\n

Don Vialoux is a guest on Wolf on Bay Street available on Corus Radio 640 at 7:00 PM EDT on Saturday.<\/p>\n

 <\/p>\n

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

WTI Crude Oil <\/b>$WTIC moved above $80.85 per barrel extending an intermediate uptrend.<\/p>\n

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

TSX Energy iShares<\/b> $XEG.TO moved above Cdn$17.62 to a 16 year high extending an intermediate uptrend. <\/p>\n

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

Schlumberger<\/b> $SLB an S&P 100 stock moved above $52.93 completing a double bottom pattern.<\/p>\n

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

Invesco Commodity ETN<\/b> $DBA moved above $22.61 completing a double bottom pattern.<\/p>\n

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

Microsoft<\/b> $MSFT a Dow Jones Industrial Average stock moved above $420.04 to an all-time high extending an intermediate uptrend. <\/p>\n

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

Check Point<\/b> $CHKP a NASDAQ 100 stock moved above $166.71 to an all-time high extending an intermediate uptrend. <\/p>\n

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

McDonald\u2019s<\/b> $MCD a Dow Jones Industrial Average stock moved below $279.95 completing a double top pattern.<\/p>\n

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

Illumina<\/b> $ILMN a NASDAQ 100 stock moved below $129.63 and $128.05 completing a Head & Shoulders pattern.<\/p>\n

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

TSX 60 stocks moving below intermediate support included Magna International<\/b> below Cdn$71.57, $70.99 and $70.88 setting an intermediate downtrend, Rogers Communications<\/b> below US$43.03 completing a double top pattern and Telus <\/b>below Cdn$22.47 extending an intermediate downtrend.<\/p>\n

\"clip_image009\"<\/a><\/p>\n

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

 <\/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 14th<\/sup> 2024<\/p>\n

\"clip_image012\"<\/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 March 14th<\/sup> 2024<\/p>\n

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

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

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

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

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

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

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

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

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

 <\/p>\n

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

Are Short Squeezes Heating Up? Tom Bowley<\/b><\/p>\n

Are Short Squeezes Heating Up? \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

<\/b><\/p>\n

You Have To See These 5 Top-ranked Charts!\u201d Larry Tentarelli<\/b><\/p>\n

You Have To See These 5 Top-ranked Charts! \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

These Signals Will Improve Your Timing: Joe Rabil<\/b><\/p>\n

These Signals Will Improve Your Timing \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

<\/b><\/p>\n

<\/b><\/p>\n

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

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

The intermediate term Barometer dropped 6.80 to 72.20. It remains Overbought.<\/p>\n

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

The long term Barometer dropped 2.20 to 78.40. It remains Overbought.<\/p>\n

 <\/p>\n

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

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

The intermediate term Barometer dropped 2.67 to 62.22. It remains Overbought.<\/p>\n

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

The long term Barometer dropped 0.89 to 67.11. It remains Overbought. <\/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 Friday March 15th U.S. equity index futures were higher this morning. S&P 500 futures were up 6 points at 8:35 AM EDT Volume and volatility in U.S. equity markets is expected to be exceptionally high today. March options tied to more than $5 trillion in stocks, exchange-traded funds and equity indexes are […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-174738","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/174738","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=174738"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/174738\/revisions"}],"predecessor-version":[{"id":174748,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/174738\/revisions\/174748"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=174738"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=174738"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=174738"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}