{"id":180300,"date":"2024-10-01T02:22:00","date_gmt":"2024-10-01T06:22:00","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=180300"},"modified":"2024-10-01T08:54:15","modified_gmt":"2024-10-01T12:54:15","slug":"tech-talk-for-tuesday-october-1st-2024","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2024\/10\/01\/tech-talk-for-tuesday-october-1st-2024\/","title":{"rendered":"Tech Talk for Tuesday October 1st 2024"},"content":{"rendered":"

Pre-opening Comments for Tuesday October 1st<\/sup><\/strong><\/font><\/em><\/p>\n

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U.S. equity index futures were lower this morning<\/b>. S&P 500 futures were down 5 points at 8:30 AM EDT. <\/em><\/p>\n

CVS Health<\/b> gained $1.91 to $64.79 after announcing a review of options including a possible breakup of the company.<\/em><\/p>\n

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Boeing <\/b>dropped $1.39 to $150.65 after announcing plans to raise $10 billion by selling shares. <\/em><\/p>\n

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McCormick<\/b> added $1.69 to $83.99 after reporting a higher than consensus fiscal third quarter earnings.<\/em><\/p>\n

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Apple<\/b> dropped $2.55 to $230.43 after Barclays noted sluggish iPhone 16 demand.<\/em><\/p>\n

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Equity Clock – Market Outlook for October 1, 2024<\/strong><\/font><\/em><\/p>\n

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October, while volatile, is normally a positive month for stocks, but not so much in election years. See:<\/em><\/b><\/p>\n

October, while volatile, is normally a positive month for stocks, but not so much in election years. (equityclock.com)<\/em><\/a><\/p>\n

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

China large cap iShares<\/b> FXI moved above $32.26 extending an intermediate uptrend.<\/p>\n

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Israel iShares<\/b> $EIS moved above $67.26 extending an intermediate uptrend. <\/p>\n

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Trader\u2019s Corner<\/strong><\/font><\/p>\n

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

Daily Seasonal\/Technical Equity Trends for September 30th<\/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

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

Daily Seasonal\/Technical Commodities Trends for September 30th<\/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

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

Daily Seasonal\/Technical Sector Trends for September 30th<\/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

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

CHART THIS with David Keller, CMT<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=x1vklJ9DBzo<\/a><\/p>\n

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Why Were Chinese Stocks Up 20% Last Week?! Mary Ellen McGonagle<\/b><\/p>\n

Why Were Chinese Stocks Up 20% Last Week?! \u2013 YouTube<\/a><\/p>\n

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Pete Najarian on Market Volatility & A.I.’s Future<\/b><\/p>\n

Pete Najarian on Market Volatility & A.I.’s Future \u2013 YouTube<\/a><\/p>\n

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

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The intermediate term Barometer added 0.60 to 84.20. It remains Overbought. Daily trend is up.<\/p>\n

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The long term Barometer slipped 0.60 to 81.00. It remains Overbought.<\/p>\n

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

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The intermediate term Barometer was unchanged at 78.48. It remains Overbought.<\/p>\n

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The long term Barometer also was unchanged at 78.03. 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 October 1st   U.S. equity index futures were lower this morning. S&P 500 futures were down 5 points at 8:30 AM EDT. CVS Health gained $1.91 to $64.79 after announcing a review of options including a possible breakup of the company. Boeing dropped $1.39 to $150.65 after announcing plans to raise […]<\/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-180300","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/180300","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=180300"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/180300\/revisions"}],"predecessor-version":[{"id":180310,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/180300\/revisions\/180310"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=180300"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=180300"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=180300"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}