{"id":177661,"date":"2024-06-28T02:22:00","date_gmt":"2024-06-28T06:22:00","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=177661"},"modified":"2024-06-28T09:06:50","modified_gmt":"2024-06-28T13:06:50","slug":"tech-talk-for-friday-june-28th-2024","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2024\/06\/28\/tech-talk-for-friday-june-28th-2024\/","title":{"rendered":"Tech Talk for Friday June 28th 2024"},"content":{"rendered":"

Pre-opening Comments for Friday June 28th<\/sup><\/font><\/em><\/p>\n

U.S equity index futures were higher this morning<\/b>. S&P 500 futures were up 18 points at 8:35 AM EDT.<\/em><\/p>\n

S&P 500 futures slipped 4 points following release of economic news at 8:30 AM EDT. <\/em><\/p>\n

Core May PCE Price Index<\/b> was expected to increase 0.1% versus a gain of 0.2% in April. Actual was unchanged. On a year-over-year basis, Core May PCE Price Index was expected to drop to 2.6% from 2.8% in April. Actual was 2.6%. May Personal Income <\/b>was expected to increase 0.4% versus a gain of 0.3% in April. Actual was a 0.5% increase. May Personal Spending <\/b>was expected to increase 0.3% versus a gain of 0.2% in April. Actual was a 0.2% increase.<\/em><\/p>\n

Nike <\/b>dropped $9.19 to $85.00 after reporting fiscal fourth quarter revenues below<\/em> consensus. The company also offered fiscal 2025 guidance below consensus. <\/p>\n

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Infinera <\/b>gained $1.05 to $6.31 after Nokia agreed to purchase the company at $6.65 per share. Value of the offer is $2.3 billion.<\/em><\/p>\n

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Trump Media and Technology<\/b> advanced $4.20 to $40.93 amid consensus that Trump beat Biden in the debate last night.<\/em><\/p>\n

EquityClock\u2019s stock-market-outlook-for-june-28th<\/sup> 2024<\/strong><\/font><\/em><\/p>\n

If there is a foreseeable influence that could derail the summer rally, it could be the appreciation of the US Dollar.<\/em><\/b><\/p>\n

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

See: <\/em><\/b>https:\/\/equityclock.com\/2024\/06\/27\/stock-market-outlook-for-june-28-2024\/<\/em><\/a><\/p>\n

 <\/p>\n

Next Tech Talk report<\/strong><\/font><\/p>\n

Although Monday, July 1st is a national statutory holiday here in Canada, Tech Talk will be published.  (*Important economic news from the U.S. is scheduled for release (i.e. June ISM Manufacturing PMI and May Construction Spending at 10:00 AM EDT).<\/em><\/p>\n

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

Salesforce.com<\/b> $CRM a Dow Jones Industrial Average stock moved above $246.75 completing double bottom pattern.<\/p>\n

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Walgreens Boots<\/b> $WBA an S&P 100 stock moved below $14.62 extending an intermediate downtrend. <\/p>\n

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Kinross Gold<\/b> $KGC a TSX 60 stock moved above US$8.24 to a four year high extending an intermediate uptrend. Seasonal influences are positive from July 8th<\/sup> to October 15th<\/sup> .<\/p>\n

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Rogers Communications<\/b> $RCI.B.TO a TSX 60 stock moved below Cdn$50.54 extending an intermediate downtrend.<\/p>\n

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Michael Campbell\u2019s Money Talks<\/strong><\/font><\/p>\n

Don Vialoux is scheduled to appear on the show starting at 11:30 AM EDT on Saturday. Connect at https:\/\/mikesmoneytalks.ca\/<\/a><\/p>\n

 <\/p>\n

Trader\u2019s Corner<\/strong><\/font><\/p>\n

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Equity Indices and Related ETFs<\/strong><\/font><\/p>\n

Daily Seasonal\/Technical Equity Trends for June 27th<\/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 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

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

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

Two Consumer Stocks Popping to New Swing Highs! Dave Keller<\/b><\/p>\n

Two Consumer Stocks Popping to New Swing Highs! \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

Stock Picks & Trading Opportunities for Earnings Season! Danielle Shay<\/b><\/p>\n

Stock Picks & Trading Opportunities for Earnings Season! \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

MASSIVE Market Leadership Rotation Happening RIGHT NOW! Tom Bowley<\/b><\/p>\n

MASSIVE Market Leadership Rotation Happening RIGHT NOW! \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

Is a summer sell-off coming? Guy Adami and Dan Nathan<\/b><\/p>\n

Is A Summer Sell-Off Coming? \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

Inflation is going to fall like a rock, says Fundstrat’s Tom Lee<\/b><\/p>\n

Inflation is going to fall like a rock, says Fundstrat’s Tom Lee \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 3.00 to 50.40. It remains Neutral.<\/p>\n

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The long term Barometer added 0.20 to 68.40. It remains Overbought.<\/p>\n

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

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The intermediate term Barometer jumped 9.95 to 47.79. It changed from Oversold to Neutral on a recovery above 40.00.<\/p>\n

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The long term Barometer advanced 5.12 to 65.93. 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 Friday June 28th U.S equity index futures were higher this morning. S&P 500 futures were up 18 points at 8:35 AM EDT. S&P 500 futures slipped 4 points following release of economic news at 8:30 AM EDT. Core May PCE Price Index was expected to increase 0.1% versus a gain of 0.2% […]<\/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-177661","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/177661","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=177661"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/177661\/revisions"}],"predecessor-version":[{"id":177667,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/177661\/revisions\/177667"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=177661"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=177661"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=177661"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}