{"id":179228,"date":"2024-08-22T02:22:00","date_gmt":"2024-08-22T06:22:00","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=179228"},"modified":"2024-08-22T08:39:42","modified_gmt":"2024-08-22T12:39:42","slug":"tech-talk-for-thursday-august-22nd-2024","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2024\/08\/22\/tech-talk-for-thursday-august-22nd-2024\/","title":{"rendered":"Tech Talk for Thursday August 22nd 2024"},"content":{"rendered":"

Pre-opening Comments for Thursday August 22nd<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were higher this morning.<\/b> S&P 500 futures were up 10 points at 8:30 AM EDT.<\/em><\/p>\n

Synopsys<\/b> gained $4.43 to $569.11 after reporting higher than consensus fiscal third quarter revenues and earnings.<\/em><\/p>\n

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Zoom<\/b> added $1.10 to $60.23 after reporting higher than consensus second quarter results. The company also offered positive guidance. <\/em><\/p>\n

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Charles Schwab<\/b> dropped $3.22 to $61.35 on news that Toronto Dominion Bank sold 40.5 million shares reducing its interest to 10.1%.<\/em><\/p>\n

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Toronto Dominion Bank<\/b> is expected to open lower after reporting lower than consensus fiscal third quarter earnings.<\/em><\/p>\n

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EquityClock\u2019s Stock Market Outlook for August 22nd<\/sup><\/strong><\/font><\/em><\/p>\n

 <\/p>\n

It is highly abnormal to see the price of oil around the lows of the year during this typically upbeat period for demand in the summer months<\/b>. See:<\/em><\/p>\n

https:\/\/equityclock.com\/2024\/08\/21\/stock-market-outlook-for-august-22-2024\/<\/em><\/a><\/p>\n

 <\/p>\n

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

iShares EAFE <\/b>$EFA moved above $81.87 to an all-time high extending an intermediate uptrend.<\/p>\n

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iShares Europe<\/b> $IEV moved above $57.12 to an all-time high extending an intermediate uptrend.<\/p>\n

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S&P 100 and NASDAQ 100 stocks<\/b> breaking to all-time highs include Coca Cola on a move above $69.67, Philip Morris International on a move $119.06, Ross Stores on a move above $153.06, Texas Instruments on a move above $209.48, IBM on a move above $195.46 and DR Horton on a move above $185.43.<\/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 21st<\/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 21st<\/sup> 2024<\/p>\n

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

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

 <\/p>\n

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

Daily Seasonal\/Technical Sector Trends for August 21st<\/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 Picks For August: Two Consumer Staples With Potential: David Keller<\/b><\/p>\n

Top Picks For August: Two Consumer Staples With Potential \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

Dan Niles on Mag7 Guidance + Nvidia Earnings Preview <\/b><\/p>\n

Dan Niles on Mag7 Guidance + Nvidia Earnings Preview \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

Chart Check on Gold, Dollar, Bitcoin & Oil: Guy Adami, Dan Nathan and Carter Worth<\/b><\/p>\n

Chart Check on Gold, Dollar, Bitcoin & Oil \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

Investors should shift more towards quality within their equity portfolios: JPMorgan’s Jack Caffrey<\/b><\/p>\n

Investors should shift more towards quality within their equity portfolios: JPMorgan’s Jack Caffrey \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

Case for Rate Cut Made in FOMC Minutes<\/b><\/p>\n

Case for Rate Cut Made in FOMC Minutes \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

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

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The intermediate term Barometer added 4.20 to 74.80. It remains Overbought. Daily uptrend continues.<\/p>\n

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The long term Barometer added 2.40 to 76.80. It remains Overbought. Daily uptrend continues.<\/p>\n

 <\/p>\n

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

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The intermediate term Barometer added 3.10 to 69.91. It remains Overbought. Daily uptrend was extended.<\/p>\n

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The long term Barometer added 1.33 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 22nd U.S. equity index futures were higher this morning. S&P 500 futures were up 10 points at 8:30 AM EDT. Synopsys gained $4.43 to $569.11 after reporting higher than consensus fiscal third quarter revenues and earnings. Zoom added $1.10 to $60.23 after reporting higher than consensus second quarter results. The […]<\/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-179228","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/179228","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=179228"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/179228\/revisions"}],"predecessor-version":[{"id":179238,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/179228\/revisions\/179238"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=179228"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=179228"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=179228"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}