{"id":175860,"date":"2024-04-24T02:22:00","date_gmt":"2024-04-24T06:22:00","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=175860"},"modified":"2024-04-24T08:54:51","modified_gmt":"2024-04-24T12:54:51","slug":"tech-talk-for-wednesday-april-24th-2024","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2024\/04\/24\/tech-talk-for-wednesday-april-24th-2024\/","title":{"rendered":"Tech Talk for Wednesday April 24th 2024"},"content":{"rendered":"

Pre-opening Comments for Wednesday April 24th<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were higher this morning<\/b>. S&P 500 futures were up 14 points at 8:35 AM EDT.<\/em><\/p>\n

S&P 500 Index futures were unchanged following release of the March Durable Goods Orders report at 8:30 AM EDT<\/b>. Consensus was a 2.5% increase versus a gain of 3.4% in February. Actual was an increase of 2.6%. Excluding transportation orders, consensus was a 0.3% increase versus a 0.3% gain in February. Actual was an increase of 2 points. <\/em><\/p>\n

Visa <\/b>advanced $8.66 to $282.75 after reporting higher than consensus fiscal second quarter results.<\/em><\/p>\n

\"clip_image001[1]\"<\/a><\/p>\n

Texas Instruments<\/b> advanced $10.53 to $176.00 after reporting higher than consensus first quarter results.<\/em><\/p>\n

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Tesla<\/b> gained $13.10 to $157.78 despite reporting less than consensus quarterly revenues and earnings. The company also announced plans to ramp up production. <\/em><\/p>\n

\"clip_image003[1]\"<\/a><\/p>\n

Pepsico<\/b> dropped $5.24 to $171.22 despite reporting higher than consensus first quarter earnings.<\/em><\/p>\n

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 <\/p>\n

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

Lockheed Martin<\/b> $LMT an S&P 100 stock moved above $462.87 and $469.50 extending an intermediate uptrend. <\/p>\n

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Goldman Sachs<\/b> $GS an S&P 100 stock moved above $419.20 to an all-time high extending an intermediate uptrend. <\/p>\n

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Capital One<\/b> $COF an S&P 100 stock moved above $149.27 extending an intermediate uptrend. <\/p>\n

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Walmart <\/b>$WMT a Dow Jones Industrial stock moved below $58.88 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 23rd<\/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 23rd<\/sup> 2024<\/p>\n

\"clip_image008\"<\/a><\/b><\/p>\n

Green: Increase from previous day<\/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 23rd<\/sup> 2024<\/p>\n

\"clip_image010\"<\/a><\/p>\n

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

Weak Charts Keep Getting Weaker: David Keller<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=8-XROOtdKCU<\/a><\/p>\n

 <\/p>\n

Gold\u2019s Sharp Selloff \u2014 Shallow Correction or Major Trend Reversal? Gary Wagner Charts Gold, Silver<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=e_GXKz4Zbf8<\/a><\/p>\n

 <\/p>\n

Too Early to Call a Market Bottom!! Tom Bowley<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=UhSeD12vNNM<\/a><\/p>\n

 <\/p>\n

Eric Nuttall’s Market Outlook<\/b><\/p>\n

https:\/\/www.bnnbloomberg.ca\/market-call\/eric-nuttall-s-market-outlook~2909478<\/a><\/p>\n

 <\/p>\n

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

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

The intermediate term Barometer added 3.20 to 45.40. It remains Neutral.<\/p>\n

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The long term Barometer added 2.70 to 76.00. It remains Overbought.<\/p>\n

 <\/p>\n

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

\"clip_image013\"<\/a><\/p>\n

The intermediate term Barometer added 5.36 to 59.38. It remains Neutral.<\/p>\n

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

The intermediate term Barometer added 2.23 to 67.86. It remains Overbought.<\/p>\n

<\/b><\/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 24th U.S. equity index futures were higher this morning. S&P 500 futures were up 14 points at 8:35 AM EDT. S&P 500 Index futures were unchanged following release of the March Durable Goods Orders report at 8:30 AM EDT. Consensus was a 2.5% increase versus a gain of 3.4% in […]<\/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-175860","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/175860","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=175860"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/175860\/revisions"}],"predecessor-version":[{"id":175870,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/175860\/revisions\/175870"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=175860"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=175860"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=175860"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}