{"id":179187,"date":"2024-08-21T02:22:00","date_gmt":"2024-08-21T06:22:00","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=179187"},"modified":"2024-08-21T08:55:09","modified_gmt":"2024-08-21T12:55:09","slug":"tech-talk-for-wednesday-august-21st-2024","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2024\/08\/21\/tech-talk-for-wednesday-august-21st-2024\/","title":{"rendered":"Tech Talk for Wednesday August 21st 2024"},"content":{"rendered":"

Pre-opening Comments for Wednesday August 21st<\/sup><\/strong><\/font><\/em><\/p>\n

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

U.S. equity index futures were higher this morning.<\/b> S&P 500 futures were up 14 points at 8:30 AM EDT.<\/em><\/p>\n

Toll Brothers<\/b> advanced $1.22 to $134.97 after reporting higher than consensus fiscal third quarter revenues. The company also offered positive guidance. <\/em><\/p>\n

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Microchip Technology<\/b> dropped $1.65 to $78.63 after reporting a cyber incident.<\/em><\/p>\n

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Target<\/b> gained $18.27 to $161.48 following release of higher than consensus second quarter results. The company also raised guidance.<\/em><\/p>\n

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Macy\u2019s<\/b> dropped $1.54 to $16.20 after second quarter sales were less than consensus. The company also lowered guidance. <\/em><\/p>\n

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 <\/p>\n

EquityClock\u2019s Stock Market Outlook for August 21st<\/sup><\/strong><\/font><\/em><\/p>\n

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

Watch the VIX here as it starts to p<\/em><\/b>eg support at its 200-day moving average. See:<\/em><\/b><\/p>\n

https:\/\/equityclock.com\/2024\/08\/20\/stock-market-outlook-for-august-21-2024\/<\/em><\/a><\/p>\n

 <\/p>\n

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

Gasoline ETN<\/b> $UGA moved below $61.99 setting an intermediate downtrend.<\/p>\n

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Netflix <\/b>$NFLX an S&P 100 stock moved above $700.99 to an all-time high extending an intermediate uptrend. <\/p>\n

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Linde<\/b> $LIN an S&P 100 stock moved above $459.47 extending an intermediate uptrend. <\/p>\n

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Medtronic <\/b>$MDT an S&P 100 stock moved above $87.52 completing a reverse Head & Shoulders pattern<\/p>\n

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Trade Desk<\/b> $TTD a NASDAQ 100 stock moved above $102.67 extending an intermediate uptrend. <\/p>\n

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PayPal <\/b>$PYPL an S&P 100 stock moved above $70.66 extending an intermediate uptrend. <\/p>\n

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 <\/p>\n

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

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 <\/p>\n

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

Daily Seasonal\/Technical Equity Trends for August 20th<\/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

 <\/p>\n

Commodities<\/p>\n

Daily Seasonal\/Technical Commodities Trends for August 20th<\/sup> 2024<\/p>\n

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

Green: Increase from previous day<\/b><\/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 August20th<\/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

Top Ten Charts for August: Two Magnificent 7 Stocks Worth Watching: David Keller<\/b><\/p>\n

Top Ten Charts for August: Two Magnificent 7 Stocks Worth Watching \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

The Fed’s Next Move: What to Expect from Powell’s Speech: Guy Adami, Liz Young, Dan Nathan<\/b><\/p>\n

The Fed’s Next Move: What to Expect from Powell’s Speech \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

David Rosenberg: Stock Market is at Dotcom Bubble Valuations<\/b><\/p>\n

David Rosenberg: Stock Market is at Dotcom Bubble Valuations \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

What Does This Mean for the S&P 500 Rally? Julius deKempenaer<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=p5tNCX9Yiw0<\/a><\/p>\n

 <\/p>\n

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

\"clip_image015\"<\/a><\/p>\n

The intermediate term Barometer dropped 2.60 to 70.60. It remains Overbought.<\/p>\n

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The long term Barometer dropped 1.00 to 74.40. It remains Overbought.<\/p>\n

 <\/p>\n

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

\"clip_image017\"<\/a><\/p>\n

The intermediate term Barometer dropped 1.77 to 66.81. It remains Overbought.<\/p>\n

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The long term Barometer dropped 1.33 to 73.01. 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 Wednesday August 21st U.S. equity index futures were higher this morning. S&P 500 futures were up 14 points at 8:30 AM EDT. Toll Brothers advanced $1.22 to $134.97 after reporting higher than consensus fiscal third quarter revenues. The company also offered positive guidance. Microchip Technology dropped $1.65 to $78.63 after reporting a […]<\/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-179187","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/179187","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=179187"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/179187\/revisions"}],"predecessor-version":[{"id":179197,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/179187\/revisions\/179197"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=179187"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=179187"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=179187"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}