{"id":180799,"date":"2024-10-25T02:22:00","date_gmt":"2024-10-25T06:22:00","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=180799"},"modified":"2024-10-25T08:55:48","modified_gmt":"2024-10-25T12:55:48","slug":"tech-talk-for-friday-october-25th-2024","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2024\/10\/25\/tech-talk-for-friday-october-25th-2024\/","title":{"rendered":"Tech Talk for Friday October 25th 2024"},"content":{"rendered":"

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Editor\u2019s Note:<\/b> Don Vialoux was a guest on \u201cWolf on Bay Street\u201d. The show is to be released on Saturday on Corus Radio 640 at 7:00 PM EDT. Comments focused on outlook for North American equity market between now and release of fourth quarter corporate reports in January.<\/font><\/em><\/p>\n

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Pre-opening Comments for Friday October 25th<\/sup><\/strong><\/font><\/em><\/p>\n

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U.S. equity index futures were higher this morning.<\/b> S&P 500 futures added 17 points at 8:35 AM EDT.<\/em><\/p>\n

S&P 500 futures unchanged following release of September U.S. Durable Goods Orders at 8:30 AM EDT.<\/b> Consensus was a 1.0% drop versus unchanged in August. Actual was a 0.8% drop<\/em><\/p>\n

Dexcom<\/b> dropped $10.90 to $64.00 after lowering guindance.<\/em><\/p>\n

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Capital One Financial<\/b> gained $4.76 to $158.02 after reporting higher than consensus third quarter earnings. <\/em><\/p>\n

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Capri<\/b> plunged $20.41 to $21.19 after a judge blocked its takeover by Tapestry.<\/em><\/p>\n

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Olin<\/b> dropped $4.26 to $40.78 after reporting a third quarter loss.<\/em><\/p>\n

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EquityClock\u2019s Stock Market Comment for October 25th<\/sup><\/strong><\/font><\/em><\/p>\n

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Palladium, an Accumulate candidate, is surging above a bottoming pattern as its period of seasonal strength gets underway. See:<\/em><\/b><\/p>\n

https:\/\/equityclock.com\/2024\/10\/24\/stock-market-outlook-for-october-25-2024\/<\/em><\/a><\/p>\n

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Editor\u2019s Note<\/strong><\/font><\/em><\/p>\n

Due to a previous commitment, there will be no pre-opening comment available on Monday, October 28th.<\/em><\/p>\n

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

Palladium <\/b>ETN $PALL moved above $102.00 extending an intermediate uptrend. <\/p>\n

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Biotech ETF<\/b> $BBH moved below $173.21 and $171.08 completing an intermediate topping pattern.<\/p>\n

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United Parcel<\/b> $UPS an S&P 100 stock moved above $136.93 extending an intermediate uptrend. Responded to higher than consensus third quarter results!<\/p>\n

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Keurig Dr. Pepper<\/b> $KDP a NASDAQ 100 stock moved below $35.94 completing a double top pattern. Third quarter revenues were less than consensus.<\/p>\n

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Newmont <\/b>$NEM an S&P 100 stock moved below $51.82 and $50.01setting an intermediate downtrend. Reported less than consensus third quarter earnings!<\/p>\n

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Metro <\/b>$MRU.TO a TSX 60 stock moved below Cdn$82.24 completing a double top pattern.<\/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

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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 October 24th<\/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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Sectors<\/strong><\/font><\/p>\n

Daily Seasonal\/Technical Sector Trends for October 24th<\/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

TSLA Soars After Hours on Strong Results! Tom Bowley<\/b><\/p>\n

TSLA Soars After Hours on Strong Results! \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

Is Peter Schiff Right About the Imminent Financial Peril? David Keller<\/b><\/p>\n

Is Peter Schiff Right About the Imminent Financial Peril? \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

Tesla Stock Soars After Earnings Report:Guy Adami, DanNathan, Carter Worth<\/b><\/p>\n

Tesla Stock Soars After Earnings Report \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

Is This The Beginning Of The Election Jitters? | Profit Pilot<\/b><\/p>\n

Is This The Beginning Of The Election Jitters? | Profit Pilot \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

‘Too many unknowns’ with election & market to be overweight megacaps, says Clockwise’s Cakmak<\/b><\/p>\n

‘Too many unknowns’ with election & market to be overweight megacaps, says Clockwise’s Cakmak \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

Goldman Sees S&P Returning 3% Over 10 Next Years: David Kostin<\/b><\/p>\n

Goldman Sees S&P Returning 3% Over 10 Next Years \u2013 YouTube<\/a><\/p>\n

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Chart of the day: Palladium ETN (Symbol: PALL)<\/strong><\/font><\/p>\n

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

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The intermediate term Barometer dropped another 1.00 to 62.60. It remains Overbought. Daily momentum trend remains down.<\/p>\n

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The long term Barometer dropped 1.20 to 72.80. It remains Overbought. Daily momentum trend turned down.<\/p>\n

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

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

The intermediate term Barometer dropped 0.90 to 74.89. It remains Overbought.<\/p>\n

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

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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":"

  Editor\u2019s Note: Don Vialoux was a guest on \u201cWolf on Bay Street\u201d. The show is to be released on Saturday on Corus Radio 640 at 7:00 PM EDT. Comments focused on outlook for North American equity market between now and release of fourth quarter corporate reports in January. Pre-opening Comments for Friday October 25th […]<\/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-180799","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/180799","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=180799"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/180799\/revisions"}],"predecessor-version":[{"id":180809,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/180799\/revisions\/180809"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=180799"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=180799"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=180799"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}