{"id":175216,"date":"2024-04-03T02:22:00","date_gmt":"2024-04-03T06:22:00","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=175216"},"modified":"2024-04-03T08:45:20","modified_gmt":"2024-04-03T12:45:20","slug":"tech-talk-for-wednesday-april-3rd-2024","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2024\/04\/03\/tech-talk-for-wednesday-april-3rd-2024\/","title":{"rendered":"Tech Talk for Wednesday April 3rd 2024"},"content":{"rendered":"

Pre-opening Comments for Wednesday April 3rd<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were lower this morning<\/b>. S&P 500 futures were down 11 points at 8:30 AM EDT. <\/em><\/p>\n

Intel<\/b> dropped $1.82 to $42.12 after announcing a higher than consensus loss from its foundry business<\/em><\/p>\n

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Vanda Pharmaceutical<\/b> gained $1.20 to $5.11 after receiving FDA approval for Fanapt.<\/em><\/p>\n

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Taiwan iShares<\/b> is expected to open lower after Taiwan was hit by a massive earthquake.<\/em><\/p>\n

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Cal-Maine Foods<\/b> added $4.09 to $63.00 after reporting higher than consensus fiscal third quarter revenues. <\/em><\/p>\n

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 <\/p>\n

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

20+ U.S. Treasury Bond iShares<\/b> $TLT moved below $91.42 extending an intermediate downtrend.<\/p>\n

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Conversely, yield on 10 year U.S. Treasury Bonds<\/b> moved above 4.354% extending an intermediate uptrend. <\/p>\n

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Healthcare SPDRs<\/b> $XLV moved below $143.99 completing a double top pattern.<\/p>\n

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Healthcare Providers iShares<\/b> $IHF moved below intermediate support at $52.07<\/p>\n

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UnitedHealth Group<\/b> $UNH a Dow Jones Industrial Average stock moved below $466.35 extending an intermediate downtrend.<\/p>\n

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Other big cap U.S. equities moving below support setting intermediate downtrends included Apple<\/b> on a move below $168.49, Starbucks<\/b> on a move below $90.10, Costco <\/b>on a move below $711.01, Walgreens Boots<\/b> on a move below $19.45 to a 13 year low and Ross Stores<\/b> on a move below $142.96. <\/p>\n

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TSX Global Gold iShares<\/b> $XGD.TO moved above Cdn$18.42 resuming an intermediate uptrend. Gold Miners ETF<\/b> $GDX moved above $32.35 and Junior Gold Miners ETF<\/b> $GDXJ moved above $39.82 resuming an intermediate uptrend.<\/p>\n

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Lundin Mining<\/b> $LUN.TO a major base metals producer moved above Cdn$14.08 to an all-time high extending an intermediate uptrend. <\/p>\n

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Open Text<\/b> $OTEX a TSX 60 stock moved below US$37.39 setting 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 April 2nd<\/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 April 2nd<\/sup> 2024<\/p>\n

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

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

 <\/p>\n

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

Daily Seasonal\/Technical Sector Trends for April 2nd<\/sup> 2024<\/p>\n

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

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

 <\/p>\n

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

Should You be Concerned About These Four Stocks? David Keller and Julius de Kempenaer of RRG Research<\/b><\/p>\n

Should You be Concerned About These Four Stocks? \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

Strength Reverses Ahead of THE FED: Tom Bowley<\/b><\/p>\n

Strength Reverses Ahead of THE FED \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

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

Market Sells Off: What’s the New Risk On Trade? Dan Nathan, Guy Adami, Carter Worth<\/b><\/p>\n

Note comments on Silver and Gold<\/font><\/em><\/b><\/p>\n

Market Sells Off: What’s the New Risk On Trade? \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 6.20 to 74.40. It remains Overbought.<\/p>\n

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The long term Barometer dropped 1.40 to 82.60. It remains Overbought.<\/p>\n

 <\/p>\n

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

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The intermediate term Barometer dropped 5.36 to 64.29. It remains Overbought and has started to trend down.<\/p>\n

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The long term Barometer dropped 2.23 to 71.43. 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 Wednesday April 3rd U.S. equity index futures were lower this morning. S&P 500 futures were down 11 points at 8:30 AM EDT. Intel dropped $1.82 to $42.12 after announcing a higher than consensus loss from its foundry business Vanda Pharmaceutical gained $1.20 to $5.11 after receiving FDA approval for Fanapt. Taiwan iShares […]<\/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-175216","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/175216","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=175216"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/175216\/revisions"}],"predecessor-version":[{"id":175226,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/175216\/revisions\/175226"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=175216"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=175216"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=175216"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}