{"id":177930,"date":"2024-07-09T02:22:00","date_gmt":"2024-07-09T06:22:00","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=177930"},"modified":"2024-07-09T08:45:21","modified_gmt":"2024-07-09T12:45:21","slug":"tech-talk-for-tuesday-july-9th-2024","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2024\/07\/09\/tech-talk-for-tuesday-july-9th-2024\/","title":{"rendered":"Tech Talk for Tuesday July 9th 2024"},"content":{"rendered":"

Pre-opening Comments for <\/font><\/strong><\/em><\/p>\n

      Tuesday July 9th<\/sup><\/font><\/strong><\/em><\/p>\n

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

U.S. equity index futures were higher this morning. S&P 500 futures were up 9 points at 8:30 AM EDT.<\/strong><\/em><\/p>\n

Federal Reserve Chairman Jerome Powell is slated to testify before a Congressional Committee at 11:00 AM EDT on state of the economy.<\/strong><\/em><\/p>\n

Helen of Troy dropped $25.01 to $64.00 after reporting less than consensus fiscal first quarter revenues and earnings. The company also lowered guidance.<\/strong><\/em><\/p>\n

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Nvidia <\/b>added $2.11 to $130.31 leading semiconductor stocks to new highs. <\/em><\/p>\n

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BP <\/b>dropped $1.10 to $35.45 after warning of up to $2 billion impairment and weak refining margins.<\/em><\/p>\n

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EquityClock\u2019s Stock Market Outlook for   July 9th<\/sup> 2024<\/font><\/em><\/p>\n

  <\/font><\/em><\/p>\n

The upside target of one of the most influential market constituents has been reached, opening the door to consolidation and\/or rotation.<\/em><\/b><\/p>\n

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

See: <\/em><\/b>https:\/\/equityclock.com\/2024\/07\/08\/stock-market-outlook-for-july-2024\/<\/em><\/b><\/a><\/em><\/b><\/p>\n

  <\/em><\/b><\/p>\n

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

Advanced Micro Devices<\/b> $AMD an S&P 100 stock moved above $174.55 setting an intermediate uptrend.<\/p>\n

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Intel<\/b> $INTC a Dow Jones Industrial Average stock moved above $32.42 completing a double bottom pattern. <\/p>\n

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Morgan Stanley\u2019s China A Fund<\/b> $CAF moved below $11.52 to an eight year low extending an intermediate downtrend . <\/p>\n

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Loblaw Companies<\/b> $L.TO a TSX 60 stock moved above Cdn$164.40 to an all-time high extending an intermediate uptrend. <\/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 July 8th<\/sup> 2024<\/p>\n

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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

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

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

Daily Seasonal\/Technical Commodities Trends for July 8th<\/sup> 2024<\/p>\n

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

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

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

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

Daily Seasonal\/Technical Sector Trends for July 8th<\/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

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

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

Morgan Stanley\u2019s Slimmon Expects Strong Earnings Season<\/b><\/p>\n

Morgan Stanley’s Slimmon Expects Strong Earnings Season \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

Earnings Expectations vs. Reality: Guy Adami and Dan Nathan<\/b><\/p>\n

Earnings Expectations vs. Reality \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

Market Extremes: What Investors Should Watch Next: Liz Young<\/b><\/p>\n

Market Extremes: What Investors Should Watch Next \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

Comments about Larry Williams\u2019 prediction about U.S. Presidential Election Year<\/b><\/p>\n

https:\/\/www.cnbc.com\/2024\/07\/08\/charts-suggest-an-august-dow-rally-ahead-of-election-cramer-says.html<\/a><\/p>\n

 <\/p>\n

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

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The intermediate term Barometer added 1.20 to 46.80. It remains Neutral.<\/p>\n

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The long term Barometer added 0.40 to 65.80. It remains Overbought.<\/p>\n

 <\/p>\n

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

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

The intermediate term Barometer added 3.10 to 57.96. It remains Neutral.<\/p>\n

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

The long term Barometer added 5.31 to 73.01. It remains Overbought. Daily uptrend was extended.<\/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       Tuesday July 9th U.S. equity index futures were higher this morning. S&P 500 futures were up 9 points at 8:30 AM EDT. Federal Reserve Chairman Jerome Powell is slated to testify before a Congressional Committee at 11:00 AM EDT on state of the economy. Helen of Troy dropped $25.01 to $64.00 […]<\/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-177930","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/177930","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=177930"}],"version-history":[{"count":3,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/177930\/revisions"}],"predecessor-version":[{"id":177939,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/177930\/revisions\/177939"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=177930"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=177930"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=177930"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}