{"id":179706,"date":"2024-09-10T02:22:00","date_gmt":"2024-09-10T06:22:00","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=179706"},"modified":"2024-09-10T08:41:02","modified_gmt":"2024-09-10T12:41:02","slug":"tech-talk-for-tuesday-september-10th-2024","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2024\/09\/10\/tech-talk-for-tuesday-september-10th-2024\/","title":{"rendered":"Tech Talk for Tuesday September 10th 2024"},"content":{"rendered":"

Pre-opening Comments for Tuesday September 10th<\/sup><\/strong><\/font><\/em><\/p>\n

 <\/p>\n

U.S. equity index futures were mixed this morning<\/b>. S&P 500 futures added 13 points at 8:30 AM EDT <\/em><\/p>\n

Oracle<\/b> gained $12.92 to $152.81 after reporting higher than consensus fiscal first quarter revenues and earnings. <\/em><\/p>\n

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

Apple<\/b> dropped $2.53 to $218.38 after losing a tax case to the European Union. Apple must pay a $14.4 billion penalty.<\/em><\/p>\n

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Alphabet<\/b> dropped $0.26 to $148.45 after losing a final European Union court appeal against a 2.4 billion Euro fine for an inti-trust shopping case.<\/em><\/p>\n

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 <\/p>\n

EquityClock\u2019s stock market outlook for September 10th<\/sup><\/strong><\/font><\/em><\/p>\n

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

If we are entering into a period of sustained weakness for stocks, the Junk bond market is certainly not reflecting this potential shift of trend. See:<\/em><\/b><\/p>\n

https:\/\/equityclock.com\/2024\/09\/09\/stock-market-outlook-for-september-10-2024\/<\/em><\/a><\/p>\n

 <\/p>\n

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

MasterCard <\/b>$MA an S&P 100 stock moved above $487.92 to an all-time high extending an intermediate uptrend.<\/p>\n

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General Dynamics <\/b>$GD an S&P 100 stock moved above $301.24 to an all-time high extending an intermediate uptrend. <\/p>\n

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CVS Health<\/b> $CVS an S&P 100 stock moved below $55.60 setting an intermediate downtrend. <\/p>\n

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TC Energy<\/b> $TRP a TSX 60 stock moved above Cdn$63.86 to an all-time high extending an intermediate uptrend. <\/p>\n

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Telus<\/b> $T.TO a TSX 60 stock moved above CDn$22.70 setting 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<\/strong><\/font><\/p>\n

Daily Seasonal\/Technical Equity Trends for September 9th<\/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

 <\/p>\n

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

Daily Seasonal\/Technical Commodities Trends for September 9th<\/sup> 2024<\/p>\n

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

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 September 9th<\/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

 <\/p>\n

Links offered by valued providers<\/strong><\/font><\/p>\n

Markets Nosedive Amid Recession Fears: Mary Ellen McGonagle<\/b><\/p>\n

Markets Nosedive Amid Recession Fears \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

Carry Trade to Unwind Further on a 50 Bps Cut, Says Ed Yardeni<\/b><\/p>\n

Carry Trade to Unwind Further on a 50 Bps Cut, Says Ed Yardeni \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

Where The Fed (And Markets) Could Go From Here: Guy Adami and Liz Young<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=413OO0cKIYE<\/a><\/p>\n

 <\/p>\n

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

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The intermediate term Barometer added 6.80 to 65.80. It returned to Overbought on a move above 60.00.<\/p>\n

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The long term Barometer added 3.20 to 71.40. It remains Overbought.<\/p>\n

 <\/p>\n

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

\"clip_image016\"<\/a><\/p>\n

The intermediate term Barometer added 2.21 to 47.35. It remains Neutral.<\/p>\n

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

The long term Barometer added 1.77 to 62.83. 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 Tuesday September 10th   U.S. equity index futures were mixed this morning. S&P 500 futures added 13 points at 8:30 AM EDT Oracle gained $12.92 to $152.81 after reporting higher than consensus fiscal first quarter revenues and earnings. Apple dropped $2.53 to $218.38 after losing a tax case to the European Union. […]<\/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-179706","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/179706","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=179706"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/179706\/revisions"}],"predecessor-version":[{"id":179714,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/179706\/revisions\/179714"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=179706"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=179706"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=179706"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}