{"id":174807,"date":"2024-03-19T02:22:00","date_gmt":"2024-03-19T06:22:00","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=174807"},"modified":"2024-03-19T08:56:25","modified_gmt":"2024-03-19T12:56:25","slug":"tech-talk-for-tuesday-march-19th-2024","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2024\/03\/19\/tech-talk-for-tuesday-march-19th-2024\/","title":{"rendered":"Tech Talk for Tuesday March 19th 2024"},"content":{"rendered":"

Pre-opening Comments for Tuesday March 19th<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures traded lower this morning<\/b>. S&P 500 futures were down 22 points at 8:35 AM EDT.<\/em><\/p>\n

S&P 500 index futures recovered 6 points following release of the February Housing Star Report at 8:30 AM EDT. <\/b>Consensus was an increase to 1.420 million units from 1.331 million units in January. Actual was an increase to 1.52 million units.<\/em><\/p>\n

The Canadian Dollar dropped 0.20 to US73.49 following release of Canada\u2019s February Consumer Price Index at 8:30 AM EDT<\/b>. Consensus was a year-over-year increase of 3.1% versus a gain of 2.9% in January. Actual was an increase of 2.8%.<\/em><\/p>\n

Nvidia<\/b> dropped $11.95 to $872.60 following news at its developer\u2019s conference yesterday.<\/em><\/p>\n

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Unilever<\/b> added $1.26 to $49.78 following announcement of a spinoff of its ice cream business.<\/em><\/p>\n

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MMM<\/b> added $0.47 to $105.47 after Barclay\u2019s upgraded the stock from Equal Weight to Overweight. Target was raised to $126.<\/em><\/p>\n

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

Global Agriculture iShares<\/b> $COW.TO moved above Cdn$62.05 extending an intermediate uptrend. <\/p>\n

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Electronic Arts <\/b>$EA a NASDAQ 100 stock moved below intermediate support at $133.33<\/p>\n

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Waste Connections<\/b> $WCN.TO a TSX 60 stock moved above Cdn$231.56 to an all-time high extending an intermediate uptrend <\/p>\n

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Trader\u2019s Corner<\/strong><\/font><\/p>\n

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Equity Indices and Related ETFs<\/strong><\/font><\/p>\n

Daily Seasonal\/Technical Equity Trends for March 18th<\/sup> 2024<\/p>\n

\"clip_image005\"<\/a> 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

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

Daily Seasonal\/Technical Commodities Trends for March 18th<\/sup> 2024<\/p>\n

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

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

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

Daily Seasonal\/Technical Sector Trends for March 18th<\/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

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

Market Madness or Sadness Around Fed Week? | Stock Investing & Trading Podcast<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=GkKr2QhFtTw<\/a><\/p>\n

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How to Find New Shorting Opportunities: Greg Harmon<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=GlLIwPI_d1k<\/a><\/p>\n

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

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The intermediate term Barometer added 1.60 to 72.20. It remains Overbought.<\/p>\n

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The long term Barometer added 1.00 to 79.00. It remains Overbought. <\/p>\n

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

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The intermediate term Barometer dropped 1.33 to 61.33. It remains Overbought.<\/p>\n

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The long term Barometer was unchanged at 67.11. It remains Overbought. <\/p>\n

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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 Tuesday March 19th U.S. equity index futures traded lower this morning. S&P 500 futures were down 22 points at 8:35 AM EDT. S&P 500 index futures recovered 6 points following release of the February Housing Star Report at 8:30 AM EDT. Consensus was an increase to 1.420 million units from 1.331 million […]<\/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-174807","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/174807","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=174807"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/174807\/revisions"}],"predecessor-version":[{"id":174815,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/174807\/revisions\/174815"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=174807"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=174807"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=174807"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}