{"id":180100,"date":"2024-09-24T02:22:00","date_gmt":"2024-09-24T06:22:00","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=180100"},"modified":"2024-09-24T08:50:28","modified_gmt":"2024-09-24T12:50:28","slug":"tech-talk-for-tuesday-september-24th-2024","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2024\/09\/24\/tech-talk-for-tuesday-september-24th-2024\/","title":{"rendered":"Tech Talk for Tuesday September 24th 2024"},"content":{"rendered":"

Pre-opening Comments for Tuesday September 24th<\/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 4 points at 8:30 AM EDT.<\/em><\/p>\n

Chinese equity ETFs<\/b> added 4% after the Chinese government announced a monetary stimulus package intended to revive the economy.<\/em><\/p>\n

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Biogen<\/b> gained $3.25 to $199.06 after announcing positive results for a lupus treatment.<\/em><\/p>\n

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Thor Industries<\/b> dropped $2.41 to $100.78 after the company lowered its annual guidance.<\/em><\/p>\n

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AutoZone <\/b>dropped $58.81 to $2,990.00 after reporting less than consensus fourth quarter revenues and earnings.<\/em><\/p>\n

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 <\/p>\n

EquityClock\u2019s Stock Market Outlook for September 24th<\/sup><\/strong><\/font><\/em><\/p>\n

 <\/p>\n

In this risk averse market, you can still energize your portfolio with plays in Uranium and Natural Gas<\/b>. See:<\/em><\/p>\n

https:\/\/equityclock.com\/2024\/09\/23\/stock-market-outlook-for-september-24-2024\/<\/em><\/a><\/p>\n

 <\/p>\n

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

Natural gas prices<\/b> spike higher in U.S and Canadian dollars in anticipation of tropical storm Helene entering the natural gas production areas in the Gulf of Mexico.<\/p>\n

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Emerging Markets iShares<\/b> $EEM moved above US$43.92 setting an intermediate uptrend.<\/p>\n

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U.S. Aerospace & Defense iShares<\/b> $ITA moved above $148.05 to an all-time high extending an intermediate uptrend. <\/p>\n

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First Trust Internet<\/b> ETF $FDN moved above $210.44 extending an intermediate uptrend.<\/p>\n

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MMM<\/b> $MMM an S&P 100 stock moved above $134.99 extending an intermediate uptrend. <\/p>\n

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Linde<\/b> $LIN an S&P 100 stock moved above $478.38 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

Quieter than normal day!<\/em><\/font><\/b><\/p>\n

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

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

Daily Seasonal\/Technical Equity Trends for September 23rd<\/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<\/strong><\/font><\/p>\n

Daily Seasonal\/Technical Commodities Trends for September 23rd<\/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

 <\/p>\n

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

Daily Seasonal\/Technical Sector Trends for September 23rd<\/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

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

Strategy After Rate Cuts: Best Areas to BUY! Mary Ellen McGonagle<\/b><\/p>\n

Strategy After Rate Cuts: Best Areas to BUY! \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

Tech & Auto Downgrades: PLTR, MSFT, GM: Schwab Network<\/b><\/p>\n

Tech & Auto Downgrades: PLTR, MSFT, GM \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

Weekly Update with Larry Berman – September 21, 2024<\/b><\/p>\n

Weekly Update with Larry Berman – September 21, 2024 \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 2.00 to 81.00. It remains Overbought.<\/p>\n

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The long term Barometer added 0.80 to 77.40. It remains Overbought.<\/p>\n

 <\/p>\n

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

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The intermediate term Barometer added 0.44 to 74.78. It remains Overbought.<\/p>\n

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The long term Barometer was unchanged at 76.99. 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 24th U.S. equity index futures were higher this morning. S&P 500 futures were up 4 points at 8:30 AM EDT. Chinese equity ETFs added 4% after the Chinese government announced a monetary stimulus package intended to revive the economy. Biogen gained $3.25 to $199.06 after announcing positive results for 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-180100","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/180100","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=180100"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/180100\/revisions"}],"predecessor-version":[{"id":180110,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/180100\/revisions\/180110"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=180100"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=180100"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=180100"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}