{"id":177388,"date":"2024-06-18T01:11:00","date_gmt":"2024-06-18T05:11:00","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=177388"},"modified":"2024-06-18T08:45:30","modified_gmt":"2024-06-18T12:45:30","slug":"tech-talk-for-tuesday-june-18th-2024","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2024\/06\/18\/tech-talk-for-tuesday-june-18th-2024\/","title":{"rendered":"Tech Talk for Tuesday June 18th 2024"},"content":{"rendered":"

Pre-opening Comments for Tuesday June 18th<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were mixed this morning<\/b>. S&P 500 futures were up 1 point at 8:35 AM EDT.<\/em><\/p>\n

U.S. equity index futures were unchanged following release of May U.S. Retail Sales<\/b> at 8:30 AM EDT. Consensus was an increase of 0.2% versus revised down 0.2% in April. Actual was a 0.1% increase. <\/em><\/p>\n

Lennar<\/b> dropped $2.81 to $153.70 despite reporting higher than consensus fiscal second quarter revenues and earnings. The company also offered guidance below consensus. <\/em><\/p>\n

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

La Z Boy<\/b> gained $3.41 to $37.50 after reporting higher than consensus fiscal fourth quarter results. <\/em><\/p>\n

\"clip_image002[1]\"<\/a><\/p>\n

Merck<\/b> gained $0.50 to $128.00 after the FDA approved its vaccine designed to protect adults from bacteria that can cause pneumonia and serious infections.<\/em><\/p>\n

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

Silk Road Medical<\/b> advanced $5.11 to $26.78 after Boston Scientific offered to acquire the company at $27.50 per share. <\/em><\/p>\n

\"clip_image004[1]\"<\/a><\/p>\n

 <\/p>\n

EquityClock\u2019s Stock Market Outlook for June 18th<\/sup><\/strong><\/font><\/em><\/p>\n

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

Emerging markets are increasingly showing an appealing setup compared to developed market equities.<\/em><\/b><\/p>\n

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

See: <\/em>https:\/\/equityclock.com\/2024\/06\/17\/stock-market-outlook-for-june-18-2024\/<\/em><\/a><\/p>\n

 <\/p>\n

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

Taiwan iShares<\/b> $EWT moved above $53.63 to an all-time high extending an intermediate uptrend. <\/p>\n

\"clip_image001\"<\/a><\/p>\n

Colgate Palmolive<\/b> $CL an S&P 100 stock moved above $95.59 to an all-time high extending an intermediate uptrend. <\/p>\n

\"clip_image002\"<\/a><\/p>\n

Ross Stores $ROST a NASDAQ 100 stock moved above $150.36 to an all-time high extending an intermediate uptrend. <\/p>\n

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

TSX Cap REIT iShares<\/b> $XRE.TO moved below $14.37 extending an intermediate downtrend<\/p>\n

\"clip_image004\"<\/a><\/p>\n

Waste Connections<\/b> $WCN.TO a TSX 60 stock moved above Cdn$234.50 to an all-time high extending an intermediate uptrend. <\/p>\n

\"clip_image005\"<\/a><\/p>\n

Canadian National Railway<\/b> $CNR.TO moved below Cdn$164.43 extending an intermediate downtrend.<\/p>\n

\"clip_image006\"<\/a><\/p>\n

 <\/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 17th<\/sup> 2024<\/p>\n

\"clip_image008\"<\/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

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

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

Daily Seasonal\/Technical Commodities Trends for June 17th<\/sup> 2024<\/p>\n

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

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 June 17th<\/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

 <\/p>\n

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

3 Things To Watch In The Stock Market This Week: Guy Adami<\/b><\/p>\n

3 Things To Watch In The Stock Market This Week \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

Shorts take aim at Canadian dollar: BNN Bloomberg<\/b><\/p>\n

Shorts take aim at Canadian dollar \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

Live Market Analysis: New $SPY Highs & Bond Volatility: Guy Adami and Danny Moses<\/b><\/p>\n

Live Market Analysis: New $SPY Highs & Bond Volatility \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

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

The intermediate term Barometer added 2.60 to 46.20. It remains Neutral<\/p>\n

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

The long term Barometer added 1.60 to 68.60. It remains Overbought.<\/p>\n

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

 <\/p>\n

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

The intermediate term Barometer dropped 4.96 to 31.53. It remains Oversold. Daily trend remains down.<\/p>\n

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

The long term Barometer dropped 0.90 to 60.81. It remains Overbought. Daily trend is down. <\/p>\n

\"clip_image016\"<\/a><\/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 Tuesday June 18th U.S. equity index futures were mixed this morning. S&P 500 futures were up 1 point at 8:35 AM EDT. U.S. equity index futures were unchanged following release of May U.S. Retail Sales at 8:30 AM EDT. Consensus was an increase of 0.2% versus revised down 0.2% in April. Actual […]<\/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-177388","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/177388","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=177388"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/177388\/revisions"}],"predecessor-version":[{"id":177399,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/177388\/revisions\/177399"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=177388"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=177388"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=177388"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}