{"id":177459,"date":"2024-06-21T02:22:00","date_gmt":"2024-06-21T06:22:00","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=177459"},"modified":"2024-06-21T09:02:36","modified_gmt":"2024-06-21T13:02:36","slug":"tech-talk-for-friday-june-21st-2024","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2024\/06\/21\/tech-talk-for-friday-june-21st-2024\/","title":{"rendered":"Tech Talk for Friday June 21st 2024"},"content":{"rendered":"

Pre-opening Comments for Friday June 21st<\/sup> 2024<\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were lower this morning<\/b>. S&P 500 futures were down 11 points at 8:30 AM EDT. <\/em><\/p>\n

Today is \u201cQuadruple Witching Day\u201d,<\/b> the last trade day for U.S. listed June equity and index options and futures. Volume and volatility in U.S. markets are expected to be higher than usual.<\/em><\/p>\n

Delta Airlines<\/b> added $0.02 to $49.63 after announcing a 50% increase in its dividend.<\/em><\/p>\n

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CarMax<\/b> gained $0.84 to $72.20 after reporting higher than consensus first quarter earnings.<\/em> <\/p>\n

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FactSet<\/b> is expected to open higher after reporting higher than consensus fiscal third quarter earnings. <\/em><\/p>\n

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Sarepta<\/b> advanced $45.81 to $169.31 after receiving approval for Elevidys.<\/em><\/p>\n

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 <\/p>\n

EquityClock\u2019s Stock Market Outlook for June 21st<\/sup><\/strong><\/font><\/em><\/p>\n

 <\/p>\n

The Technology sector has become the most overbought since September of 2020 and near-term digestion of strength attributed to the end of quarter mean reversion period is certainly reasonable.<\/em><\/b><\/p>\n

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

See<\/b>: <\/em>https:\/\/equityclock.com\/2024\/06\/20\/stock-market-outlook-for-june-21-2024\/<\/em><\/a> <\/em><\/b><\/p>\n

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

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

Honeywell <\/b>$HON a Dow Jones Industrial Average stock moved above $213.87 to a three year high extending an intermediate uptrend. <\/p>\n

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Accenture <\/b>$ACN a NASDAQ 100 stock moved above $313.40 setting an intermediate uptrend. <\/p>\n

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Gilead $<\/b>GILD a NASDAQ 100 stock moved above intermediate resistance at $67.54 on announcement of its HIV prevention treatment.<\/p>\n

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Dow Holdings<\/b> $DOW an S&P 100 stock moved below $54.39 completing a double top pattern. <\/p>\n

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Bank of Nova Scotia<\/b> $BNS.TO a TSX 60 stock moved below Cdn$62.56 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 June 20th<\/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

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 20th<\/sup> 2024<\/p>\n

\"clip_image009\"<\/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 20th<\/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

Chart Check on S&P, Energy & Retail: Guy Adami and Carter Worth<\/b><\/p>\n

Editor\u2019s Note: See technical comments on the energy sector at the 16 minute mark<\/em><\/b><\/p>\n

Chart Check on S&P, Energy & Retail \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

Who\u2019s telling the truth about the capital gains tax? | About That<\/b><\/p>\n

Who\u2019s telling the truth about the capital gains tax? | About That \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

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

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The intermediate term Barometer added 2.60 to 52.20. It remains Neutral.<\/p>\n

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The long term Barometer added 1.20 to 69.60. It remains Overbought.<\/p>\n

 <\/p>\n

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

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The intermediate term Barometer added 6.31 to 35.59. It remains Oversold. <\/p>\n

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The long term Barometer was unchanged at 58.56. It remains Neutral.<\/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 21st 2024 U.S. equity index futures were lower this morning. S&P 500 futures were down 11 points at 8:30 AM EDT. Today is \u201cQuadruple Witching Day\u201d, the last trade day for U.S. listed June equity and index options and futures. Volume and volatility in U.S. markets are expected to be […]<\/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-177459","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/177459","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=177459"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/177459\/revisions"}],"predecessor-version":[{"id":177469,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/177459\/revisions\/177469"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=177459"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=177459"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=177459"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}