{"id":180227,"date":"2024-09-27T02:22:00","date_gmt":"2024-09-27T06:22:00","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=180227"},"modified":"2024-09-27T09:01:18","modified_gmt":"2024-09-27T13:01:18","slug":"tech-talk-for-friday-september-27th-2024","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2024\/09\/27\/tech-talk-for-friday-september-27th-2024\/","title":{"rendered":"Tech Talk for Friday September 27th 2024"},"content":{"rendered":"

Pre-opening Comments for Friday September 27th<\/sup><\/strong><\/font><\/em><\/p>\n

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

U.S. equity index futures were highe<\/b><\/em>r this morning.<\/b> S&P 500 futures were up 8 points at 8:35 AM EDT.<\/em><\/p>\n

S&P 500 index futures added 5 points following release of economic news at 8:30 AM EDT<\/b>. Consensus for August PCE Price Index was a 0.2% gain versus a 0.2% gain in July. Actual was a 0.1 % gain. Consensus for core August PCE Price Index was a gain of 0.2% versus a 0.2% gain in July. Actual was a 0.1 % gain. Consensus for August Personal Income was a 0.4 gain versus a 0.3% gain in July. Actual was a 0.2% gain. Consensus for August Personal Spending was a 0.3% gain versus a 0.5% gain in July. Actual was a 0.2 % gain.<\/em><\/p>\n

Costco<\/b> dropped $10.44 to $891.00 after reporting less than consensus fiscal fourth quarter revenues.<\/em><\/p>\n

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Shanghai Composite Index <\/b>added another 86.58 to 3087.53 in overnight trade after the Peoples Bank of China announced additional monetary stimulus.<\/em><\/p>\n

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Bristol Myers<\/b> advanced $2.38 to $52.50 after receiving approval for its Schizophrenia drug.<\/em><\/p>\n

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EquityClock\u2019s Stock Market Outlook for September 27th<\/sup><\/strong><\/font><\/em><\/p>\n

 <\/p>\n

Semiconductors resolving their recent corrective pattern as their optimal holding period gets set to begin. See: <\/em><\/b><\/p>\n

https:\/\/equityclock.com\/2024\/09\/26\/stock-market-outlook-for-september-27-2024\/<\/em><\/a><\/p>\n

 <\/p>\n

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

EAFE iShares<\/b> $EFA moved above $83.28 to an all-time high extending an intermediate uptrend. <\/p>\n

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Eurozone iShares<\/b> $EZU moved above $51.76 to an all-time high extending an intermediate uptrend.<\/p>\n

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Japan iShares<\/b> $EWJ moved above $73.32 to an all-time high extending an intermediate uptrend.<\/p>\n

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Hong Kong iShares<\/b> $EWH moved above $17.73 extending an intermediate uptrend.<\/p>\n

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Italy iShares<\/b> EWI moved above $38.89 to an all-time high extending an intermediate uptrend. <\/p>\n

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Technology SPDRs <\/b>$XLK moved above $226.96 resuming an intermediate uptrend. <\/p>\n

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Micron<\/b> $MU a NASDAQ 100 stock moved above $111.00 completing a double bottom pattern. Reported higher than consensus quarterly results.<\/p>\n

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CAE<\/b> $CAE.TO a TSX 60 stock moved above Cdn$24.80 completing a double bottom pattern. <\/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 26th<\/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 26th<\/sup> 2024<\/p>\n

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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 26th<\/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

CHART THIS with David Keller, CMT Thursday 9\/26\/24<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=d7_pXy4Hn0U<\/a><\/p>\n

 <\/p>\n

S&P 500: The Key Levels You NEED To Know: Tom Bowley<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=_quOx4C0px0<\/a><\/p>\n

 <\/p>\n

Breakout Stocks We’re Watching: Guy Adami, Dan Nathan and Carter Worth<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=CXZIn4YQfZQ<\/a><\/p>\n

 <\/p>\n

Saying The Quiet Part Out Loud with Josh Brown<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=201QKDroGS8<\/a><\/p>\n

 <\/p>\n

David Skarica on technicals for the Canadian Dollar relative to the U.S. Dollar<\/b><\/p>\n

Canadian Dollar Basing ? US Dollar Near a Breakdown? SCOTDAY Sept 26th 2024 | David Skarica Addicted to Profits<\/a><\/p>\n

 <\/p>\n

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

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The intermediate term Barometer added 6.00 to 82.00. It remains Overbought.<\/p>\n

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The long term Barometer added 3.00 to 79.00. It remains Overbought.<\/p>\n

 <\/p>\n

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

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The intermediate term Barometer added 1.93 to 78.92. It remains Overbought.<\/p>\n

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The long term Barometer added 0.59 to 78.03. It remains Overbought. Daily trend remains up.<\/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 Friday September 27th U.S. equity index futures were higher this morning. S&P 500 futures were up 8 points at 8:35 AM EDT. S&P 500 index futures added 5 points following release of economic news at 8:30 AM EDT. Consensus for August PCE Price Index was a 0.2% gain versus a 0.2% gain […]<\/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-180227","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/180227","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=180227"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/180227\/revisions"}],"predecessor-version":[{"id":180235,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/180227\/revisions\/180235"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=180227"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=180227"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=180227"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}