{"id":178966,"date":"2024-08-14T02:22:00","date_gmt":"2024-08-14T06:22:00","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=178966"},"modified":"2024-08-14T08:53:52","modified_gmt":"2024-08-14T12:53:52","slug":"tech-talk-for-wednesday-august-14th-2024","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2024\/08\/14\/tech-talk-for-wednesday-august-14th-2024\/","title":{"rendered":"Tech Talk for Wednesday August 14th 2024"},"content":{"rendered":"

Pre-opening Comments for Wednesday August 14th<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were mixed this morning<\/b>. S&P 500 futures were down 4 points at 8:35 AM EDT<\/em><\/p>\n

The S&P 500 Index dropped 8 points following release of the July U.S. Consumer Price Index<\/b> at 8:30 AM EDT.<\/b> Consensus was a 0.2% increase versus a decline of 0.1% in June. Actual was a 0.2% increase. On a year-over-year basis, July CPI was expected to increase 3.0% versus a 3.0% increase in June. Actual was a 2.9% increase. Excluding food and energy, July CPI is expected to increase 0.2% versus a gain of 0.1% in June. Actual was a 0.2% gain. Excluding food and energy, July core CPI was expected to increase 3.2% versus a gain of 3.3% in June. Actual was a 3.2% gain.<\/em><\/p>\n

Kellanova <\/b>advanced $6.05 to $80.59 after Mars offered to purchase the company at $83.50 per share. Value of the cash offer is estimated at $36 billion.<\/em><\/p>\n

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

Brinker International <\/b>dropped $11.05 to $59.35 after reporting less than consensus quarterly results. <\/em><\/p>\n

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Victoria\u2019s Secret<\/b> advanced $2.82 to $21.89 after hiring a new Chief Executive Officer.<\/em><\/p>\n

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EquityClocks\u2019s stock market outlook for August 14th<\/sup><\/strong><\/font><\/em><\/p>\n

 <\/p>\n

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

Managed money is ramping up their short allocation in intermediate treasury bond futures back toward an all-time record. See:<\/em><\/strong><\/p>\n

https:\/\/equityclock.com\/2024\/08\/13\/stock-market-outlook-for-august-14-2024\/<\/em><\/a><\/p>\n

 <\/p>\n

<\/sup><\/p>\n

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

Starbucks<\/b> $SBUX a Dow Jones Industrial Average stock moved above $83.43 completing a double bottom pattern.<\/p>\n

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Intuitive Surgical <\/b>$ISRG a NASDAQ 100 stock moved above $468.87 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 August13th<\/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

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

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

Daily Seasonal\/Technical Commodities Trends for August 13th<\/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

 <\/p>\n

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

Daily Seasonal\/Technical Sector Trends for August13th<\/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

Why Bonds and Gold Are Outperforming Stocks: David Keller<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=wHbPp7PeT7A<\/a><\/p>\n

 <\/p>\n

Stocks Rally Off Inflation Report: Guy Adami and Dan Nathan<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=ng7Oagyja-0<\/a><\/p>\n

 <\/p>\n

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

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The intermediate term Barometer advanced 5.00 to 59.00. It remains Neutral. Daily trend is up.<\/p>\n

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The long term Barometer added 3.60 to 69.80. It remains Overbought. Daily trend is up.<\/p>\n

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

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

The intermediate term Barometer added 4.87 to 58.85. It remains Neutral.<\/p>\n

\"clip_image010[1]\"<\/a><\/p>\n

The long term Barometer added 3.60 to 69.80. It remains Overbought. Daily trend is up.<\/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 Wednesday August 14th U.S. equity index futures were mixed this morning. S&P 500 futures were down 4 points at 8:35 AM EDT The S&P 500 Index dropped 8 points following release of the July U.S. Consumer Price Index at 8:30 AM EDT. Consensus was a 0.2% increase versus a decline of 0.1% […]<\/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-178966","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/178966","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=178966"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/178966\/revisions"}],"predecessor-version":[{"id":178974,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/178966\/revisions\/178974"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=178966"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=178966"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=178966"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}