{"id":177835,"date":"2024-07-05T02:22:00","date_gmt":"2024-07-05T06:22:00","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=177835"},"modified":"2024-07-05T09:03:26","modified_gmt":"2024-07-05T13:03:26","slug":"tech-talk-for-friday-july-5th-2024-2","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2024\/07\/05\/tech-talk-for-friday-july-5th-2024-2\/","title":{"rendered":"Tech Talk for Friday July 5th 2024"},"content":{"rendered":"

Pre-opening Comments for Friday July 5th<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were mixed this morning<\/b>. S&P 500 futures were up 6 points at 8:35 AM EDT.<\/em><\/p>\n

S&P 500 futures added 4 points following release of the June U.S. Non-farm Payrolls report<\/b> at 8:30 AM EDT. Consensus was a drop to 189,000 from 272,000 in May. Actual was a drop to 206,000. June Unemployment Rate<\/b> was expected to remain unchanged from May at 4.0%. Actual was an increase to 4.1%. June<\/b> Average Hourly Earnings<\/b> were expected to increase 0.3% versus a gain of 0.4% in May. Actual was an increase of 0.3%.<\/em><\/p>\n

Bitcoin<\/b> dropped $3,081 to $55,210 in overnight trading. <\/em><\/p>\n

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EquityClock\u2019s Stock Market Outlook for July 5th<\/sup><\/strong><\/font><\/em><\/p>\n

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Metal prices on the move again, which bodes well for the stocks of the miners.<\/em><\/b><\/p>\n

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

See: <\/em><\/b>Metal prices on the move again, which bodes well for the stocks of the miners. (equityclock.com)<\/em><\/a><\/p>\n

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

Goldman Sachs<\/b> $GS a Dow Jones Industrial Average stock moved above $468.64 to an all-time high extending an intermediate uptrend. <\/p>\n

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Bank of New York Mellon<\/b> $BK an S&P 100 stock moved above $60.87 to an all-time high extending an intermediate uptrend. <\/p>\n

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Citigroup<\/b> $C an S&P 100 stock moved above $64.98 extending an intermediate uptrend. <\/p>\n

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Check Point<\/b> $CHKP a NASDAQ 100 stock moved above $168.92 to an all-time high extending an intermediate uptrend. <\/p>\n

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Manulife Financial<\/b> $MFC.TO a TSX 60 stock moved above Cdn$36.60 to an all-time high extending an intermediate uptrend. <\/p>\n

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Metro<\/b> $MRU.TO a TSX 60 stock moved above Cdn$77.46 to an all-time high extending an intermediate uptrend. <\/p>\n

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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 July 3rd<\/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

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 July 3rd<\/sup> 2024<\/p>\n

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Green: Increase from previous day<\/b><\/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 July 3rd<\/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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Links offered by valued providers<\/strong><\/font><\/p>\n

Should You Be Worried About Poor Market Breadth? David Keller<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=9GXq_SW_D6s<\/a><\/p>\n

 <\/p>\n

Gold Set for a Breakout on the Charts: June Jobs Report Could Be the Catalyst – Gary Wagner: Kitco News<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=gKnxC8H_ycg<\/a><\/p>\n

 <\/p>\n

Stock Market Correction or CRASH Coming in Q3? Jeff Huge<\/b> https:\/\/www.youtube.com\/watch?v=Vg2qzVyVUK0<\/p>\n

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

How do U.S. stocks usually perform after the July 4 holiday? MarketWatch<\/b><\/p>\n

https:\/\/www.marketwatch.com\/livecoverage\/stock-market-today-dow-futures-steady-after-s-p500-and-nasdaq-close-at-new-records\/card\/how-do-u-s-stocks-usually-perform-after-the-july-4-holiday–qODdTWW0YfAQTUvWlyvG?mod=home-page<\/a><\/p>\n

 <\/p>\n

Tesla Drives S&P 500 to RECORD HIGH! Tom Bowley<\/b><\/p>\n

Editor\u2019s Note: See seasonality comment on Dow Jones Transports<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=qKyvZicqWc0<\/a><\/p>\n

 <\/p>\n

Timing the Market with Don Vialoux: Michael Campbell\u2019s Money Talks<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=3WrpSjazsec<\/a><\/p>\n

 <\/p>\n

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

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The intermediate term Barometer was unchanged at 46.80. It remains Neutral.<\/p>\n

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The long term Barometer was unchanged at 66.60. It remains Overbought. <\/p>\n

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

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

The intermediate term Barometer jumped 10.18 to 61.95. It changed from Neutral to Overbought on a move above 60.00. Daily trend is up.<\/p>\n

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The long term Barometer added 3.10 to 71.68. It remains Overbought. Daily trend is up. <\/p>\n

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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 July 5th U.S. equity index futures were mixed this morning. S&P 500 futures were up 6 points at 8:35 AM EDT. S&P 500 futures added 4 points following release of the June U.S. Non-farm Payrolls report at 8:30 AM EDT. Consensus was a drop to 189,000 from 272,000 in May. 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-177835","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/177835","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=177835"}],"version-history":[{"count":3,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/177835\/revisions"}],"predecessor-version":[{"id":177866,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/177835\/revisions\/177866"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=177835"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=177835"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=177835"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}