{"id":175703,"date":"2024-04-18T02:22:00","date_gmt":"2024-04-18T06:22:00","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=175703"},"modified":"2024-04-18T08:44:11","modified_gmt":"2024-04-18T12:44:11","slug":"tech-talk-for-thursday-april-18th-2024","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2024\/04\/18\/tech-talk-for-thursday-april-18th-2024\/","title":{"rendered":"Tech Talk for Thursday April 18th 2024"},"content":{"rendered":"

Pre-opening Comments for Thursday April 18th<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were higher this morning<\/b>. S&P 500 futures were up 7 points at 8:35 AM EDT.<\/em><\/p>\n

S&P 500 futures were unchanged following release of the April Philly Fed Index at 8:30 AM EDT.<\/b> Consensus was unchanged versus a gain of 3.2 in March. Actual was a gain of 15.5.<\/em><\/p>\n

CSX <\/b>added $0.54 to $34.70 after reporting higher than consensus first quarter earnings.<\/em><\/p>\n

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Alcoa<\/b> gained $1.05 to $36.70 after reporting higher than consensus first quarter revenues.<\/em><\/p>\n

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Equifax<\/b> dropped $19.80 to $217.88 after noting that weaker mortgage demand is weighing on its business.<\/em><\/p>\n

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DR Horton<\/b> advanced $4.24 to $149.98 after offering positive revenue and earnings guidance. <\/em><\/p>\n

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 <\/p>\n

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

Semiconductor iShares<\/b> $SOXX moved below $212.44 and Semiconductor ETF $SMH moved below $212.82 completing a double top pattern.<\/p>\n

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

KLA<\/b> $KLA a NASDAQ 100 stock moved below $668.70 completing a double top pattern.<\/p>\n

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ASML <\/b>$ASML a NASDAQ 100 stock moved below $928.00 completing a double top pattern.<\/p>\n

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AMEX Biotech ETF<\/b> $FBT moved below $144.27 setting an intermediate downtrend.<\/p>\n

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Pfizer <\/b>$PFE a Dow Jones Industrial Average stock moved below $25.38 extending an intermediate downtrend.<\/p>\n

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Saputo <\/b>$SAP.TO a TSX 60 stock moved below Cdn$25.40 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 April 17th<\/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 17th<\/sup> 2024<\/p>\n

\"clip_image011\"<\/a><\/b> <\/b><\/p>\n

Green: Increase from previous day<\/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 April 17th<\/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

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

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

Bitcoin Halving Could Bring Massive Upside! Dave Keller<\/b><\/p>\n

Bitcoin Halving Could Bring Massive Upside! \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

Chart Check on the S&P 500 with Carter Braxton Worth<\/b><\/p>\n

Chart Check on the S&P 500 with Carter Braxton Worth \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

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

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The intermediate term Barometer slipped 0.80 to 30.00. It remains Oversold. Daily trend remains down.<\/p>\n

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The long term Barometer added 0.20 to 69.00. It remains Overbought.<\/p>\n

 <\/p>\n

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

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The intermediate term Barometer slipped 0.45 to 49.55. It remains Neutral. Daily trend remains down. <\/p>\n

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

The long term Barometer was unchanged at 63.39. It remains Overbought. Daily trend remains down.<\/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 Thursday April 18th U.S. equity index futures were higher this morning. S&P 500 futures were up 7 points at 8:35 AM EDT. S&P 500 futures were unchanged following release of the April Philly Fed Index at 8:30 AM EDT. Consensus was unchanged versus a gain of 3.2 in March. Actual was a […]<\/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-175703","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/175703","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=175703"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/175703\/revisions"}],"predecessor-version":[{"id":175713,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/175703\/revisions\/175713"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=175703"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=175703"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=175703"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}