{"id":176775,"date":"2024-05-28T02:22:00","date_gmt":"2024-05-28T06:22:00","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=176775"},"modified":"2024-05-28T08:44:12","modified_gmt":"2024-05-28T12:44:12","slug":"tech-talk-for-tuesday-may-28th-2024","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2024\/05\/28\/tech-talk-for-tuesday-may-28th-2024\/","title":{"rendered":"Tech Talk for Tuesday May 28th 2024"},"content":{"rendered":"

Pre-opening Comments for Tuesday May 28th<\/sup><\/strong><\/font><\/em><\/p>\n

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

Apple <\/b>added $3.22 to $193.20 following news that iPhone sales in China have exceeded expectations. <\/em><\/p>\n

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Bank of Nova Scotia<\/b> (BNS.TO Cdn$65.59) is expected to open higher after releasing higher than consensus fiscal second quarter earnings <\/em><\/p>\n

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Insmed <\/b>jumped $29.04 to $51.04 after reporting positive data from a drug trial. <\/em><\/p>\n

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US Cellular<\/b> advanced $3.52 to $46.50 after announcing sale of its wireless operations to T-Mobil for $4.4 billion.<\/em><\/p>\n

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 <\/p>\n

EquityClock Outlook for Tuesday May 28th<\/sup><\/strong><\/font><\/em><\/p>\n

The withdrawal of liquidity from the market is presenting a headwind to equity prices moving forward.<\/em><\/p>\n

See: <\/em>https:\/\/equityclock.com\/2024\/05\/27\/stock-market-outlook-for-may-28-2024\/<\/em><\/a><\/p>\n

<\/em><\/p>\n

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

The TSX Composite Index has a history of reaching a seasonal peak in the first week of June. <\/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 May 24th<\/sup> 2024<\/p>\n

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Green: Increase from previous day<\/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 May 24th<\/sup> 2024<\/p>\n

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

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

 <\/p>\n

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

Daily Seasonal\/Technical Sector Trends for May 27th<\/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

 <\/p>\n

Link offered by a valued provider<\/strong><\/font><\/p>\n

Larry Berman was on BNN yesterday discussing \u201cSell in May and go away\u201d and \u201cThe U.S. Presidential Cycle\u201d<\/p>\n

https:\/\/www.bnnbloomberg.ca\/video\/larry-berman-s-educational-segment~2929445<\/a><\/p>\n

 <\/p>\n

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

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Intermediate term Barometer added 1.79 to 60.09. It returned to Overbought from Neutral on a move 60.00.<\/p>\n

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Long term Barometer was unchanged at 68.16. 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 Tuesday May 28th U.S. equity index futures were higher this morning. S&P 500 futures were up 8 points at 8:30 AM EDT. Apple added $3.22 to $193.20 following news that iPhone sales in China have exceeded expectations. Bank of Nova Scotia (BNS.TO Cdn$65.59) is expected to open higher after releasing higher than […]<\/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-176775","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/176775","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=176775"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/176775\/revisions"}],"predecessor-version":[{"id":176785,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/176775\/revisions\/176785"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=176775"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=176775"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=176775"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}