{"id":179391,"date":"2024-08-28T02:22:00","date_gmt":"2024-08-28T06:22:00","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=179391"},"modified":"2024-08-28T08:53:54","modified_gmt":"2024-08-28T12:53:54","slug":"tech-talk-for-wednesday-august-28th-2024","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2024\/08\/28\/tech-talk-for-wednesday-august-28th-2024\/","title":{"rendered":"Tech Talk for Wednesday August 28th 2024"},"content":{"rendered":"

Pre-opening Comments for Wednesday August 28th<\/sup><\/strong><\/font><\/em><\/p>\n

 <\/p>\n

U.S. equity index futures were lower this morning<\/b>. S&P 500 futures were down 4 points at 8:30 AM EDT.<\/em><\/p>\n

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

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

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Bath & Body Works<\/b> dropped $0.70 to $34.02 after reporting less than consensus second quarter revenues. The company also lowered guidance.<\/em><\/p>\n

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Kohl\u2019s <\/b>gained $0.63 to $20.23 after reporting higher than consensus second quarter earnings. The company also raised guidance. <\/em><\/p>\n

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 <\/p>\n

EquityClock\u2019s Stock Market Outlook for August 28th<\/sup><\/strong><\/font><\/em><\/p>\n

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

The pace of price appreciation of US homes can be seen slowing as the dynamics of supply and demand come back into balance. See:<\/em><\/b><\/p>\n

https:\/\/equityclock.com\/2024\/08\/27\/stock-market-outlook-for-august-28-2024\/<\/em><\/a><\/p>\n

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

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

American Express<\/b> $AXP a Dow Jones Industrial Average stock moved above $256.24 to an all-time high extending an intermediate uptrend. <\/p>\n

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MasterCard <\/b>$MA an S&P 100 stock moved above $474.00 extending an intermediate uptrend.<\/p>\n

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Costco<\/b> $COST an S&P 100 stock moved above $895.42 to an all-time high extending an intermediate uptrend. <\/p>\n

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Accenture <\/b>$ACN an S&P 100 stock moved above $338.87 extending an intermediate uptrend.<\/p>\n

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MercadoLibre <\/b>$MELI a NASDAQ 100 stock moved above $2020.00 to an all-time high extending an intermediate uptrend. <\/p>\n

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Power Corp<\/b> $POW.TO a TSX 60 stock moved above Cdn$40.38 to an all-time high extending an intermediate uptrend.<\/p>\n

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 <\/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 27th<\/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

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 27th<\/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

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

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

Daily Seasonal\/Technical Sector Trends for August 27th<\/sup> 2024<\/p>\n

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

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

 <\/p>\n

Link offered by a valued provider<\/strong><\/font><\/p>\n

Nvidia Earnings Preview: Guy Adami, Dan Nathan and Carter Worth<\/b><\/p>\n

Nvidia Earnings Preview \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

Chart of the Day<\/font><\/strong>: Palladium Futures<\/strong><\/font><\/p>\n

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Seasonal influences are neutral until at least mid-September and frequently to end of November.<\/p>\n

See: https:\/\/charts.equityclock.com\/palladium-futures-pa-seasonal-chart<\/a><\/p>\n

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 <\/p>\n

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

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The intermediate term Barometer dropped 1.40 to 76.40. It remains Overbought.<\/p>\n

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The long term Barometer slipped 1.20 to 77.40. It remains Overbought.<\/p>\n

 <\/p>\n

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

\"clip_image018\"<\/a><\/p>\n

The intermediate term Barometer dropped 4.87 to 68.58. It remains Overbought.<\/p>\n

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The long term Barometer slipped 1.33 to 76.11. It remains Overbought.<\/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 28th   U.S. equity index futures were lower this morning. S&P 500 futures were down 4 points at 8:30 AM EDT. Royal Bank is expected to open higher after reporting higher than consensus fiscal third quarter earnings. National Bank is expected to open higher after reporting higher than consensus fiscal […]<\/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-179391","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/179391","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=179391"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/179391\/revisions"}],"predecessor-version":[{"id":179401,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/179391\/revisions\/179401"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=179391"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=179391"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=179391"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}