{"id":175748,"date":"2024-04-19T02:22:00","date_gmt":"2024-04-19T06:22:00","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=175748"},"modified":"2024-04-19T08:44:52","modified_gmt":"2024-04-19T12:44:52","slug":"tech-talk-for-friday-april-19th-2024","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2024\/04\/19\/tech-talk-for-friday-april-19th-2024\/","title":{"rendered":"Tech Talk for Friday April 19th 2024"},"content":{"rendered":"

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

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

Netflix<\/b> dropped $22.56 to $588.00 despite reporting a higher than consensus increase in subscribers. Also, first quarter revenues and earnings beat consensus. <\/em><\/p>\n

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

KB Homes<\/b> gained $1.59 to $62.00 after the company lifted its dividend by 25% and authorized a $1 Billon share buyback program.<\/em><\/p>\n

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

PPG Industries<\/b> dropped $0.57 to $134.54 after reporting less than consensus first quarter revenues. The company also announced a $2.5 billion share buyback program.<\/em><\/p>\n

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

Procter & Gamble<\/b> dropped $1.39 to $155.50 after reporting less than consensus first quarter revenues. <\/em><\/p>\n

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 <\/p>\n

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

Technology SPDRs<\/b> $XLK moved below $196.74 extending an intermediate downtrend. <\/p>\n

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Lam Research<\/b> $LRCX a NASDAQ 100 stock moved below $905.60 completing a double top pattern.<\/p>\n

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QualComm<\/b> $QCOM an S&P 100 stock moved below $163.63 completing a double top pattern.<\/p>\n

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

Thermo Fisher<\/b> $TMO an S&P 100 stock moved below intermediate support at $534.06<\/p>\n

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Intuitive Surgical<\/b> $ISRG a NASDAQ 100 stock moved below $371.00 extending an intermediate downtrend. <\/p>\n

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Monster Beverages<\/b> $MNST a NASDAQ 100 stock moved below $53.54 extending an intermediate downtrend.<\/p>\n

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Cadence Design Systems<\/b> $CDNS a NASDAQ 100 stock moved below$284.79 extending an intermediate downtrend<\/p>\n

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Take Two Interactive<\/b> $TTWO a NASDAQ 100 stock moved below $141.45 extending an intermediate downtrend. <\/p>\n

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UnitedHealth Group<\/b> $UNH a Dow Jones Industrial Average stock moved above intermediate resistance at $496.20.<\/p>\n

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

Wells Fargo<\/b> $WFC an S&P 100 stock moved above $58.44 to an all-time high extending an intermediate uptrend.<\/p>\n

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 <\/p>\n

<\/strong><\/font><\/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 18th<\/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 April 18th<\/sup> 2024<\/p>\n

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

Green: Increase from previous day<\/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 April 18th<\/sup> 2024<\/p>\n

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

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

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

 <\/p>\n

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

Semiconductors Are at CRITICAL Level! David Keller<\/b><\/p>\n

Semiconductors Are at CRITICAL Level! \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

Warning Signs of Worsening Market Conditions: Dave Landry<\/b><\/p>\n

Warning Signs of Worsening Market Conditions \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

Morgan Stanley analyst weighs in on AI stocks to watch: Stephen Burd<\/b><\/p>\n

Morgan Stanley analyst weighs in on AI stocks to watch \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

This is Just the Beginning of the CRASH: Jeff Huge<\/b><\/p>\n

This is Just the Beginning of the CRASH \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

Bostic Says Fed Likely Won’t Cut Rates Until End of Year<\/b><\/p>\n

Bostic Says Fed Likely Won’t Cut Rates Until End of Year \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

Cracks Appearing in the Markets Foundation: Tom Bowley<\/b><\/p>\n

<\/b>Cracks Appearing in the Markets Foundation \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

MoneyTalk – Federal Budget 2024: The highlights and the economic implications<\/b><\/p>\n

MoneyTalk – Federal Budget 2024: The highlights and the economic implications \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

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

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

The intermediate term Barometer added 0.80 to 30.80. It remains Overbought.<\/p>\n

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

The long term Barometer was unchanged at 69.00. It remains Overbought.<\/p>\n

 <\/p>\n

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

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

The intermediate term Barometer added 0.89 to 50.45. It remains Neutral.<\/p>\n

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

The long term Barometer added 1.34 to 64.73. 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 April 19th U.S. equity index futures were mixed this morning. S&P 500 futures were unchanged at 8:30 AM EDT. Netflix dropped $22.56 to $588.00 despite reporting a higher than consensus increase in subscribers. Also, first quarter revenues and earnings beat consensus. KB Homes gained $1.59 to $62.00 after the company lifted […]<\/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-175748","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/175748","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=175748"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/175748\/revisions"}],"predecessor-version":[{"id":175758,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/175748\/revisions\/175758"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=175748"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=175748"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=175748"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}