{"id":178858,"date":"2024-08-09T02:22:00","date_gmt":"2024-08-09T06:22:00","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=178858"},"modified":"2024-08-09T08:59:32","modified_gmt":"2024-08-09T12:59:32","slug":"tech-talk-for-friday-august-9th-2024","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2024\/08\/09\/tech-talk-for-friday-august-9th-2024\/","title":{"rendered":"Tech Talk for Friday August 9th 2024"},"content":{"rendered":"

Pre-opening Comments for Friday August 9th<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were lower this morning<\/b>. S&P 500 futures were down 24 points at 8:35 AM EDT.<\/em><\/p>\n

The Canadian Dollar was unchanged at 72.75 following release of Canada\u2019s July Employment Report at 8:30 AM EDT.<\/em><\/b><\/p>\n

Expedia <\/b>advanced $10.53 to $128.70 after reporting higher than consensus second quarter revenues.<\/em><\/p>\n

\"clip_image001[1]\"<\/a><\/p>\n

Yelp<\/b> added $0.49 to $34.00 after reporting higher than consensus second quarter revenues.<\/em><\/p>\n

\"clip_image002[1]\"<\/a><\/p>\n

Pitney Bowes<\/b> added $1.52 to $7.20 after reporting a narrower second quarter loss.<\/em><\/p>\n

\"clip_image003[1]\"<\/a><\/p>\n

Akamai Technologies<\/b> advanced $5.93 to $97.50 after the company raised its outlook.<\/em><\/p>\n

\"clip_image004\"<\/a><\/p>\n

 <\/p>\n

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

 <\/p>\n

The seasonal, technical, and fundamental framework suggests gaining exposure to Natural Gas. See:<\/em><\/b><\/p>\n

https:\/\/equityclock.com\/2024\/08\/08\/stock-market-outlook-for-august-9-2024\/<\/em><\/a><\/p>\n

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

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

Warner Brothers Discovery<\/b> $WBD a NASDAQ 100 stock moved below $6.94 extending an intermediate downtrend.<\/p>\n

\"clip_image001\"<\/a><\/p>\n

Monster Beverages<\/b> $MNST a NASDAQ 100 stock moved below $47.63 and $47.13 extending an intermediate downtrend.<\/p>\n

\"clip_image002\"<\/a><\/p>\n

Canadian Tire <\/b>$CTC.A.TO a TSX 60 stock moved above $145.21 completing a reverse Head & Shoulders pattern.<\/p>\n

\"clip_image003\"<\/a><\/p>\n

 <\/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 August 8th<\/sup> 2024<\/p>\n

\"clip_image005\"<\/a> 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

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

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

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

\"clip_image007\"<\/a><\/b><\/p>\n

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

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

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

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

Daily Seasonal\/Technical Sector Trends for August 8th<\/sup> 2024<\/p>\n

\"clip_image009\"<\/a><\/p>\n

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

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

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

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

Key moves in dramatic rotation: David Keller<\/b><\/p>\n

Dramatic Market Rotation: Key Stock Moves & Trends \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

CAUTION! Growth Stocks say "Don’t Trust This Rebound!" Tom Bowley<\/b><\/p>\n

Editor\u2019s Note: See U.S. stock market history on U.S. Presidential Election Year since 1950<\/b><\/p>\n

CAUTION! Growth Stocks say "Don’t Trust This Rebound!" \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

BTFD Is Back In Markets! Guy Adami and Dan Nathan<\/b><\/p>\n

BTFD Is Back In Markets! \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

Expect BoC to cut in September and October: Citi’s Clark<\/b><\/p>\n

Expect BoC to cut in September and October: Citi’s Clark \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

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

\"clip_image010\"<\/a><\/p>\n

The intermediate term Barometer jumped 8.00 to 54.80. It remains Neutral.<\/p>\n

\"clip_image011\"<\/a><\/p>\n

The long term Barometer added 6.40 to 69.00. It remains Overbought.<\/p>\n

 <\/p>\n

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

\"clip_image012\"<\/a><\/p>\n

The intermediate term Barometer jumped 9.29 to 51.77. It remains Neutral.<\/p>\n

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

The long term Barometer added 5.31 to 70.35. 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 August 9th U.S. equity index futures were lower this morning. S&P 500 futures were down 24 points at 8:35 AM EDT. The Canadian Dollar was unchanged at 72.75 following release of Canada\u2019s July Employment Report at 8:30 AM EDT. Expedia advanced $10.53 to $128.70 after reporting higher than consensus second quarter […]<\/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-178858","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/178858","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=178858"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/178858\/revisions"}],"predecessor-version":[{"id":178868,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/178858\/revisions\/178868"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=178858"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=178858"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=178858"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}