{"id":180543,"date":"2024-10-09T02:22:00","date_gmt":"2024-10-09T06:22:00","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=180543"},"modified":"2024-10-09T08:55:04","modified_gmt":"2024-10-09T12:55:04","slug":"tech-talk-for-wednesday-october-9th-2024","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2024\/10\/09\/tech-talk-for-wednesday-october-9th-2024\/","title":{"rendered":"Tech Talk for Wednesday October 9th 2024"},"content":{"rendered":"

Pre-opening Comments for Wednesday October 9th<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were mixed this morning.<\/b> S&P 500 futures were down 2 points at 8:30 AM EDT.<\/em><\/p>\n

Walt Disney<\/b> slipped $0.10 to $92.41 as Hurricane Milton approaches Disney World in Florida.<\/em><\/p>\n

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Boeing <\/b>dropped $2.33 to $152.32 after withdrawing its offer to end its labor strike.<\/em><\/p>\n

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Arcadium Lithium<\/b> advanced $1.34 to $5.58 after Rio Tinto offered to acquire the company at $5.85 per share. Value of the offer is $6.7 billion.<\/em><\/p>\n

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Helen of Troy<\/b> jumped $9.01 to $71.38 after reporting higher than consensus fiscal second quarter earnings.<\/em><\/p>\n

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Equity Clock – Market Outlook for October 9, 2024<\/strong><\/font><\/em><\/p>\n

 <\/p>\n

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

Semiconductor stocks seeing renewed buying demand amidst the start of their optimal seasonal holding period. See:<\/em><\/b><\/p>\n

https:\/\/equityclock.com\/2024\/10\/08\/stock-market-outlook-for-october-9-2024\/<\/em><\/a><\/p>\n

 <\/p>\n

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

S&P 500 Index<\/b> closed at an all-time closing high<\/p>\n

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Oracle <\/b>$ORCL an S&P 100 stock moved above $173.99 to an all-time high extending an intermediate uptrend.<\/p>\n

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Trade Desk<\/b> $TTD a NASDAQ 100 stock moved above $114.09 to an all-time high extending an intermediate uptrend. <\/p>\n

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DocuSign<\/b> $DOCU a NASDAQ 100 stock moved above $64.75 completing a reverse Head & Shoulders pattern.<\/p>\n

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 <\/p>\n

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 October 8th<\/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 October 8th<\/sup> 2024<\/p>\n

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Green: Increase from previous day<\/b><\/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 October 8th<\/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

<\/font><\/p>\n

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

Market Top in October? 2007 vs 2024: David Keller<\/b><\/p>\n

Market Top in October? 2007 vs 2024 \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

Fed, Big Tech & Earnings: What Matters Most to the Markets? Guy Adami, Dan Nathan, Liz Young (Note comment in last 6 minutes of the tape)<\/b><\/p>\n

Fed, Big Tech & Earnings: What Matters Most to the Markets? \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

Tech Stocks Lead Market Rebound: Guy Adami and Carter Worth<\/b><\/p>\n

https:\/\/www.youtube.com\/shorts\/1JIjI2PMLFs<\/a><\/p>\n

 <\/p>\n

Chart of the Day<\/strong><\/font>: Technology SPDRs (XLK)<\/strong><\/font><\/p>\n

Technical score increased from 0 to 4<\/b> after strength relative to the S&P 500 Index turned positive and daily momentum (Stochastics, RSI, MACD) changed from down to up. <\/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 added 1.40 to 69.80. It remains Overbought.<\/p>\n

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The long term Barometer slipped 0.40 to 73.80. It remains Overbought. Daily trend is down.<\/p>\n

 <\/p>\n

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

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

The intermediate term Barometer dropped 2.69 to 74.44. It remains Overbought. Daily trend has turned down. <\/p>\n

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The long term Barometer dropped 3.14 to 77.13. It remains Overbought. Daily trend has turned down. <\/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 October 9th U.S. equity index futures were mixed this morning. S&P 500 futures were down 2 points at 8:30 AM EDT. Walt Disney slipped $0.10 to $92.41 as Hurricane Milton approaches Disney World in Florida. Boeing dropped $2.33 to $152.32 after withdrawing its offer to end its labor strike. Arcadium Lithium […]<\/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-180543","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/180543","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=180543"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/180543\/revisions"}],"predecessor-version":[{"id":180553,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/180543\/revisions\/180553"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=180543"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=180543"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=180543"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}