{"id":178827,"date":"2024-08-08T02:22:00","date_gmt":"2024-08-08T06:22:00","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=178827"},"modified":"2024-08-08T08:41:10","modified_gmt":"2024-08-08T12:41:10","slug":"tech-talk-for-thursday-august-8th-2024","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2024\/08\/08\/tech-talk-for-thursday-august-8th-2024\/","title":{"rendered":"Tech Talk for Thursday August 8th 2024"},"content":{"rendered":"

Pre-opening Comments for Thursday August 8th<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were higher this morning.<\/b> S&P 500 futures were up 20 points at 8:30 AM EDT.<\/em><\/p>\n

Robinhood <\/b>gained $0.48 to $17.60 after reporting higher than consensus second quarter revenues and earnings.<\/em><\/p>\n

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Zillow<\/b> advanced $5.03 to $46.80 after reporting a narrower loss.<\/em><\/p>\n

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CF Industries<\/b> added $2.20 to $75.50 after reporting higher than consensus second quarter revenues and earnings.<\/em><\/p>\n

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Eli Lilly<\/b> advanced $80.26 to $852.40 after reporting higher than consensus second quarter results.<\/em><\/p>\n

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EquityClock\u2019s Stock Market Comment for August 8th<\/sup><\/strong><\/font><\/em><\/p>\n

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Data continues to confirm that the economy is within decline. See:<\/em><\/b><\/p>\n

https:\/\/equityclock.com\/2024\/08\/07\/stock-market-outlook-for-august-8-2024\/<\/em><\/a><\/p>\n

 <\/p>\n

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

Illumina<\/b> $ILMN a NASDAQ 100 stock moved above $126.29 extending an intermediate uptrend.<\/p>\n

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Emerson Electric <\/b>$EMR an S&P 100 stock moved below $103.42 setting an intermediate downtrend<\/p>\n

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Sun Life Financial<\/b> $SLF.TO a TSX 60 stock moved below Cdn$64.60 extending an intermediate downtrend.<\/p>\n

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Power Corp<\/b> $POW.TO a TSX 60 stock moved below Cdn$36.65 completing a double top pattern.<\/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 August 6th<\/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 August 7th<\/sup> 2024<\/p>\n

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

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

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

Daily Seasonal\/Technical Sector Trends for August 7th<\/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

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

\u2018Rebound Day\u2019 Offers Hope for Weary Investors: David Keller<\/b><\/p>\n

\u2018Rebound Day\u2019 Offers Hope for Weary Investors \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

How Long Will The Party Last? Guy Adami, Dan Nathan and Liz Young<\/b><\/p>\n

How Long Will The Party Last? \u2013 YouTube<\/a><\/p>\n

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Should investors be prepared for another sell-off? Goldman Sachs<\/b><\/p>\n

Should investors be prepared for another sell-off? \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

Get defensive and take a barbell approach to this market, says iCapital’s Anastasia Amoroso<\/b><\/p>\n

Get defensive and take a barbell approach to this market, says iCapital’s Anastasia Amoroso \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

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

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The intermediate term Barometer dropped 2.80 to 46.80. It remains Neutral.<\/p>\n

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The long term Barometer dropped 3.00 to 62.60. It remains Overbought. Daily trend is down.<\/p>\n

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

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The intermediate term Barometer plunged 7.96 to 42.48. It remains Neutral. Daily downtrend was extended.<\/p>\n

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The intermediate term Barometer dropped another 4.87 to 66.04. It remains Overbought. Daily trend is down.<\/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 Thursday August 8th U.S. equity index futures were higher this morning. S&P 500 futures were up 20 points at 8:30 AM EDT. Robinhood gained $0.48 to $17.60 after reporting higher than consensus second quarter revenues and earnings. Zillow advanced $5.03 to $46.80 after reporting a narrower loss. CF Industries added $2.20 to […]<\/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-178827","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/178827","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=178827"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/178827\/revisions"}],"predecessor-version":[{"id":178837,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/178827\/revisions\/178837"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=178827"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=178827"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=178827"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}