{"id":177308,"date":"2024-06-14T02:22:00","date_gmt":"2024-06-14T06:22:00","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=177308"},"modified":"2024-06-14T08:53:39","modified_gmt":"2024-06-14T12:53:39","slug":"tech-talk-for-friday-june-14th-2024","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2024\/06\/14\/tech-talk-for-friday-june-14th-2024\/","title":{"rendered":"Tech Talk for Friday June 14th 2024"},"content":{"rendered":"

Pre-opening Comments for Friday June 14th<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were lower this morning<\/b>. S&P 500 futures were down 24 points at 8:35 AM EDT.<\/em><\/p>\n

Adobe<\/b> advanced $66.45 to $525.19 after reporting higher than consensus second quarter results. The company also offered positive guidance. <\/em><\/p>\n

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

Tesla<\/b> added $0.53 to $183.00 after shareholders approved Musk\u2019s bonus package valued at $56 billion. <\/em><\/p>\n

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Informatica <\/b>added $0.77 to $30.33 after reporting higher than consensus fiscal fourth quarter results.<\/em><\/p>\n

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Hurco <\/b>dropped $2.68 to $14.50 after the company suspended its quarterly dividend.<\/em><\/p>\n

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 <\/p>\n

Equity Clock – Market Outlook for June 14, 2024<\/strong><\/font><\/em><\/p>\n

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

The reports on Consumer and Producer prices have instantly shifted the market\u2019s expectation for the trajectory of inflationary pressures moving forward.<\/em><\/b><\/p>\n

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

See: <\/em><\/b>https:\/\/equityclock.com\/2024\/06\/13\/stock-market-outlook-for-june-14-2024\/<\/em><\/b><\/a> <\/em><\/b><\/p>\n

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

Wolf on Bay Street<\/strong><\/font><\/p>\n

Don Vialoux was interviewed on Wolf on Bay Street. An overview on equity markets was offered (including comments for a possible Summer Rally this year). The show is released a 7:00 PM EDT on Saturday on Corus Radio (Radio 640).<\/p>\n

 <\/p>\n

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

Lithium ETN<\/b> $LIT moved below intermediate support at $41.49.<\/p>\n

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BMO Equal Weight Canadian Bank ETF<\/b> $ZEB moved below Cdn$38.79 completing a double top pattern.<\/p>\n

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GE Aerospace<\/b> $GE an S&P 100 stock moved below $157.36 completing a double top pattern.<\/p>\n

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Zoom <\/b>$ZM a NASDAQ 100 stock moved below $58.87 extending an intermediate downtrend<\/p>\n

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Warner Brothers Discovery<\/b> $WBD a NASDAQ 100 stock moved below $7.34 extending an intermediate downtrend. <\/p>\n

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Power Corp<\/b> $POW.TO a TSX 60 stock moved below Cdn$38.79 completing a double top pattern. <\/p>\n

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Sun Life Financial<\/b> $SLF.TO a TSX 60 stock moved below Cdn$65.50 extending an intermediate downtrend.<\/p>\n

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Barrick Gold<\/b> $ABX.TO a TSX 60 stock moved below $21.99 setting 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 June 13th<\/sup> 2024<\/p>\n

\"clip_image010\"<\/a> Green: Increase from previous day<\/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 June 13th<\/sup> 2024<\/p>\n

\"clip_image012\"<\/a><\/b> <\/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 June 13th<\/sup> 2024<\/p>\n

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

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

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

 <\/p>\n

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

A New Copper Supercycle Is Emerging: Sprott<\/b><\/p>\n

Sprott Energy Transition Materials Monthly: A New Copper Supercycle Is Emerging<\/a><\/p>\n

 <\/p>\n

S&P 500 Above 5400: Economic Optimism or Irrational Exuberance? David Keller<\/b><\/p>\n

S&P 500 Above 5400: Economic Optimism or Irrational Exuberance? \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

Poilievre says new capital gains tax is a "nothing short of economic vandalism"<\/b><\/p>\n

Poilievre says new capital gains tax is a "nothing short of economic vandalism" \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

Live Trades & Stock Market Analysis: $SPY, $AAPL, $AVGO & ADBE: Guy Adami, Dan Nathan, Carter Worth<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=ijcV2B1II6U<\/a><\/p>\n

 <\/p>\n

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

\"clip_image015\"<\/a><\/p>\n

The intermediate term Barometer slipped 1.40 to 47.20. It remains Neutral.<\/p>\n

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

The long term Barometer slipped 0.40 to 68.60. It remains Overbought.<\/p>\n

 <\/p>\n

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

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

The intermediate term Barometer dropped 8.56 to 40.54. It remains Neutral. Daily trend is down.<\/p>\n

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

The long term Barometer dropped 2.25 to 64.41. 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 June 14th U.S. equity index futures were lower this morning. S&P 500 futures were down 24 points at 8:35 AM EDT. Adobe advanced $66.45 to $525.19 after reporting higher than consensus second quarter results. The company also offered positive guidance. Tesla added $0.53 to $183.00 after shareholders approved Musk\u2019s bonus package […]<\/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-177308","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/177308","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=177308"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/177308\/revisions"}],"predecessor-version":[{"id":177318,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/177308\/revisions\/177318"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=177308"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=177308"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=177308"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}