{"id":175827,"date":"2024-04-23T02:22:00","date_gmt":"2024-04-23T06:22:00","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=175827"},"modified":"2024-04-23T08:57:35","modified_gmt":"2024-04-23T12:57:35","slug":"tech-talk-for-tuesday-april-23rd-2024","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2024\/04\/23\/tech-talk-for-tuesday-april-23rd-2024\/","title":{"rendered":"Tech Talk for Tuesday April 23rd 2024"},"content":{"rendered":"

U.S. equity index futures were higher this morning.<\/b> S&P 500 futures were up 10 points at 8:30 AM EDT.<\/em><\/p>\n

Nucor<\/b> dropped $11.63 to $180.00 after reporting lower than consensus first quarter earnings. The company also lowered second quarter guidance.<\/em><\/p>\n

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

Cadence Design Systems<\/b> dropped $20.63 to $264.39 after lowering second quarter guidance.<\/em><\/p>\n

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Cleveland Cliffs<\/b> dropped $0.70 to $20.15 after reporting lower first quarter earnings.<\/em><\/p>\n

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General Motors<\/b> added $1.79 to $45.00 after reporting higher than consensus first quarter earnings. <\/em><\/p>\n

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 <\/p>\n

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

Kraft Heinz<\/b> $KHC an S&P 100 stock moved above $38.17 extending an intermediate uptrend. <\/p>\n

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Southern Companies<\/b> $SO an S&P 100 companies moved above $72.65 and $72.81 extending an intermediate uptrend.<\/p>\n

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Pepsico <\/b>$PEP a NASDAQ 100 stock moved above $176.23 extending an intermediate uptrend. <\/p>\n

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Trading Desk<\/b> $TTD a NASDAQ 100 stock moved below $76.42 completing a double top pattern.<\/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 19th<\/sup> 2024<\/p>\n

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

Red: Decrease from previous day<\/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 19th<\/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

 <\/p>\n

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

Daily Seasonal\/Technical Sector Trends for April 19th<\/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

What to Expect from Big Earnings This Week: Guy Adami and Dan Nathan<\/b><\/p>\n

What to Expect from Big Earnings This Week \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

The corrective phase could last into the early summer months: Fairlead Strategies’ Katie Stockton<\/b><\/p>\n

The corrective phase could last into the early summer months: Fairlead Strategies’ Katie Stockton \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

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

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The intermediate term Barometer advanced 5.20 to 42.20. It changed from Oversold to Neutral by moving above 40.00.<\/p>\n

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The long term Barometer added 3.20 to 74.00. It remains Overbought.<\/p>\n

 <\/p>\n

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

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The intermediate term Barometer added 1.79 to 54.02. It remains Neutral.<\/p>\n

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The long term Barometer added 0.45 to 65.62. 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":"

U.S. equity index futures were higher this morning. S&P 500 futures were up 10 points at 8:30 AM EDT. Nucor dropped $11.63 to $180.00 after reporting lower than consensus first quarter earnings. The company also lowered second quarter guidance. Cadence Design Systems dropped $20.63 to $264.39 after lowering second quarter guidance. Cleveland Cliffs dropped $0.70 […]<\/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-175827","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/175827","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=175827"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/175827\/revisions"}],"predecessor-version":[{"id":175837,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/175827\/revisions\/175837"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=175827"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=175827"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=175827"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}