{"id":180678,"date":"2024-10-22T02:22:00","date_gmt":"2024-10-22T06:22:00","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=180678"},"modified":"2024-10-22T08:58:58","modified_gmt":"2024-10-22T12:58:58","slug":"tech-talk-for-tuesday-october-22nd-2024","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2024\/10\/22\/tech-talk-for-tuesday-october-22nd-2024\/","title":{"rendered":"Tech Talk for Tuesday October 22nd 2024"},"content":{"rendered":"

Pre-opening Comments for Tuesday October 22nd<\/sup><\/strong><\/font><\/em><\/p>\n

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

U.S. equity index futures were lower this morning.<\/b> S&P 500 futures were down 24 points at 8:30 AM EDT.<\/em><\/p>\n

Nucor <\/b>dropped $4.41 to $151.70 after reporting lower third quarter earnings. The company also offered lower fourth quarter revenue guidance. <\/em><\/p>\n

\"clip_image001[5]\"<\/a><\/p>\n

Zion Bancorp<\/b> added $2.86 to $52.30 after reporting higher than consensus third quarter results. <\/em><\/p>\n

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Nike <\/b>added $$0.40 to $81.77 after extending its partnership deal with sports franchises. <\/em><\/p>\n

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General Motors<\/b> added $0.34 to $49.27 after reporting higher than consensus third quarter results.<\/em><\/p>\n

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 <\/p>\n

EquityClock\u2019s Stock Market Outlook for October 22nd<\/sup><\/strong><\/font><\/em><\/p>\n

 <\/p>\n

The market is increasingly pricing in a Trump win. See:<\/em><\/b><\/p>\n

https:\/\/equityclock.com\/2024\/10\/21\/stock-market-outlook-for-october-22-2024\/<\/em><\/a><\/p>\n

 <\/p>\n

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

Solar ETN<\/b> $TAN moved below $37.33 to a four year low extending an intermediate downtrend.<\/p>\n

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Nvidia<\/b> $NVDA moved above $140.75 to an all-time high extending an intermediate uptrend.<\/p>\n

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ON Semiconductor<\/b> $ON a NASDAQ 100 stock moved below $66.18 setting an intermediate downtrend.<\/p>\n

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Texas Instruments<\/b> $TXN an S&P 100 stock moved below $195.67 completing a double top pattern.<\/p>\n

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General Dynamics<\/b> $GD an S&P 100 stock moved above $239.09 to an all-time high extending an intermediate uptrend.<\/p>\n

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Fortis <\/b>$FTS.TO a TSX 60 stock moved above Cdn$66.29 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

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 <\/p>\n

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

Daily Seasonal\/Technical Equity Trends for October 21st<\/sup> 2024<\/p>\n

\"clip_image010\"<\/a><\/p>\n

Green: Increase from previous day<\/p>\n

Red: Decrease from previous day<\/p>\n

Source for all positive seasonality ratings: www.EquityClock.com<\/a><\/p>\n

 <\/p>\n

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

Daily Seasonal\/Technical Commodities Trends for October 21st<\/sup> 2024<\/p>\n

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Green: Increase from previous day<\/p>\n

Red: Decrease from previous day<\/p>\n

 <\/p>\n

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

Daily Seasonal\/Technical Sector Trends for October 21st<\/sup> 2024<\/p>\n

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Green: Increase from previous day<\/p>\n

Red: Decrease from previous day<\/p>\n

 <\/p>\n

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

The U.S. continues to surprise to the upside, says Ed Yardeni<\/b><\/p>\n

The U.S. continues to surprise to the upside, says Ed Yardeni \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

Bitcoin, Energy & Election Speculation: What Charts Are Saying: Guy Adami, Liz Young<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=M0FtfKyrdoY<\/a><\/p>\n

 <\/p>\n

CHART THIS with David Keller, CMT Monday 10\/21\/24<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=3hnyHwlFsA8<\/a><\/p>\n

 <\/p>\n

Market still in ‘buy the dip’ mode, says Fundstrat’s Tom Lee<\/b><\/p>\n

Market still in ‘buy the dip’ mode, says Fundstrat’s Tom Lee \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

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

\"clip_image015\"<\/a><\/p>\n

The intermediate term Barometer dropped 5.60 to 71.60. It remains Overbought.<\/p>\n

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

The long term Barometer dropped 2.00 to 77.60. It remains Overbought.<\/p>\n

 <\/p>\n

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

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

The intermediate term Barometer dropped 1.35 to 78.92. It remains Overbought.<\/p>\n

\"clip_image018\"<\/a><\/p>\n

The long term Barometer added 0.45 to 80.72. 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 22nd U.S. equity index futures were lower this morning. S&P 500 futures were down 24 points at 8:30 AM EDT. Nucor dropped $4.41 to $151.70 after reporting lower third quarter earnings. The company also offered lower fourth quarter revenue guidance. Zion Bancorp added $2.86 to $52.30 after reporting higher than […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-180678","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/180678","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=180678"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/180678\/revisions"}],"predecessor-version":[{"id":180688,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/180678\/revisions\/180688"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=180678"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=180678"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=180678"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}