{"id":178997,"date":"2024-08-15T02:22:00","date_gmt":"2024-08-15T06:22:00","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=178997"},"modified":"2024-08-15T08:59:54","modified_gmt":"2024-08-15T12:59:54","slug":"tech-talk-for-thursday-august-15th-2024","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2024\/08\/15\/tech-talk-for-thursday-august-15th-2024\/","title":{"rendered":"Tech Talk for Thursday August 15th 2024"},"content":{"rendered":"

Pre-opening Comments for Thursday August 15th<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were higher this morning<\/b>. S&P 500 futures were up 41 points at 8:35 AM EDT<\/em><\/p>\n

S&P 500 futures added 29 points following release of economic news at 8:30 AM EDT. <\/b>Consensus for U.S. July Retail sales was a 0.4% increase versus no change in June. Actual was a 1.0% increase. Excluding auto sales, consensus was a 0.1% increase versus a 0.4% increase in June. Actual was a 0.4% increase. Consensus for the August Empire State Manufacturing Survey was an improvement to -5.90 from -6.60 in July. Actual was an improvement to -4.70. Consensus for the August Philly Fed was a drop to a gain of 5.6 from a gain of 13.9 in July. Actual was a drop to -7.00.<\/em><\/p>\n

Nike<\/b> gained $3.83 to $82.35 on news that Pershing Square has purchased an interest.<\/em><\/p>\n

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Cisco <\/b>added $2.54 to $47.98 after reporting higher than consensus fiscal fourth quarter revenues and earnings.<\/em><\/p>\n

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Ulta Beauty<\/b> jumped $39.75 to $368.80 on news that Berkshire Hathaway has taken a position in the stock.<\/em><\/p>\n

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EquityClock\u2019s Stock Market Outlook for Thursday August 15th<\/sup><\/strong><\/font><\/em><\/p>\n

 <\/p>\n

The sustainability of the rising intermediate-term trend of stocks is under scrutiny. See:<\/em><\/b><\/p>\n

https:\/\/equityclock.com\/2024\/08\/14\/stock-market-outlook-for-august-15-2024\/<\/em><\/a><\/p>\n

 <\/p>\n

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

ARC Resources<\/b> $ARX.TO a Canadian \u201cgassy\u201d stock moved above Cdn$25.99 to an all-time high extending an intermediate uptrend.<\/p>\n

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Sun Life Financial<\/b> $SLF.TO a TSX 60 stock moved above Cdn$69.73 completing a double bottom pattern.<\/p>\n

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Trader\u2019s Corner<\/strong><\/font><\/p>\n

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Equity Indices and Related ETFs<\/strong><\/font><\/p>\n

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

Daily Seasonal\/Technical Equity Trends for August14th<\/sup> 2024<\/strong><\/font><\/p>\n

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Green: Increase from previous day<\/font><\/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

 <\/p>\n

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

Daily Seasonal\/Technical Commodities Trends for August 14th<\/sup> 2024<\/p>\n

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Green: Increase from previous day<\/b><\/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 August14th<\/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

The GROWTH Trade IS BACK!! David Keller Note comment on seasonality<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=RLLml_s9mCs<\/a><\/p>\n

 <\/p>\n

How ATR Analysis Can Make You a BETTER Trader! Joe Rabil<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=tkn0C4Ydw3A<\/a><\/p>\n

 <\/p>\n

Chart of the Day<\/strong><\/font>: TSX Financial iShares (XFN.TO)<\/strong><\/font><\/p>\n

Technical score increased from +2 to +4. Seasonal influences are positive until September 30th<\/sup><\/p>\n

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 <\/p>\n

 <\/p>\n

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

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The intermediate term Barometer added 1.00 to 60.00. It changed from Neutral to Overbought on a move to 60.00. Daily momentum is up.<\/p>\n

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The long term Barometer slipped 0.60 to 69.20. It remains Overbought.<\/p>\n

 <\/p>\n

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

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The intermediate term Barometer added 3.54 to 62.39. It changed from Neutral to Overbought on a move above 60.00. <\/p>\n

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The long term Barometer added 2.21 to 74.34. 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 Thursday August 15th U.S. equity index futures were higher this morning. S&P 500 futures were up 41 points at 8:35 AM EDT S&P 500 futures added 29 points following release of economic news at 8:30 AM EDT. Consensus for U.S. July Retail sales was a 0.4% increase versus no change in June. […]<\/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-178997","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/178997","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=178997"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/178997\/revisions"}],"predecessor-version":[{"id":179005,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/178997\/revisions\/179005"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=178997"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=178997"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=178997"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}