{"id":180873,"date":"2024-10-29T02:22:00","date_gmt":"2024-10-29T06:22:00","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=180873"},"modified":"2024-10-29T08:48:04","modified_gmt":"2024-10-29T12:48:04","slug":"tech-talk-for-tuesday-october-29th-2024","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2024\/10\/29\/tech-talk-for-tuesday-october-29th-2024\/","title":{"rendered":"Tech Talk for Tuesday October 29th 2024"},"content":{"rendered":"

Pre-opening Comments for Tuesday October 29th<\/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 8 points at 8:30 AM EDT.<\/em><\/p>\n

Ford <\/b>dropped $0.62 to $10.75 after reporting less than consensus third quarter results.<\/em><\/p>\n

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VF Corp<\/b> advanced $3.72 to $20.75 after reporting higher than consensus fiscal second quarter results. <\/em><\/p>\n

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Crane <\/b>added $3.34 to $152.39 after reporting higher than consensus third quarter revenues and earnings. The company also offered positive fourth quarter guidance.<\/em><\/p>\n

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McDonalds <\/b>dropped $9.18 to $287.48 after lowering fourth quarter guidance. <\/em><\/p>\n

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 <\/p>\n

EquityClock\u2019s Stock Market Outlook for October 29th<\/sup><\/strong><\/font><\/em><\/p>\n

 <\/p>\n

The technicals and the fundamentals favour consumer services stocks over consumer goods counterparts heading towards the prime end of year spending period. See:<\/em><\/b><\/p>\n

https:\/\/equityclock.com\/2024\/10\/28\/stock-market-outlook-for-october-29-2024\/<\/em><\/a><\/p>\n

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

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

Trump<\/b> Media<\/b> DJT, a barometer on the U.S. Presidential election soared to a four month high, reflecting changes in recent election polls.<\/p>\n

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Auto ETF<\/b> $CARZ moved above $58.86 extending an intermediate uptrend. <\/p>\n

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Dow<\/b> $DOW an S&P 100 stock moved below $49.52 extending an intermediate downtrend.<\/p>\n

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NXP Semiconductor $<\/b>NXPI a NASDAQ 100 stock moved above $246.98 resuming an intermediate uptrend.<\/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 October 28th<\/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 October 28th<\/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

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

Daily Seasonal\/Technical Sector Trends for October 28th<\/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 for October 28th<\/sup> <\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=ywtSv4qOdvo<\/a><\/p>\n

 <\/p>\n

Investment Radar: Earnings, Elections, and Economic Data: Guy Adami, Liz Young and Danny Moses<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=E37CUh-kTQQ<\/a><\/p>\n

 <\/p>\n

Top 5 Breadth Indicators You Can’t Afford to Ignore! David Keller<\/b><\/p>\n

Top 5 Breadth Indicators You Can’t Afford to Ignore! \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

Market Approaches Make or Break Moment While Volatility Skew Rises<\/b><\/p>\n

Market Approaches Make or Break Moment While Volatility Skew Rises \u2013 YouTube<\/a><\/p>\n

 <\/p>\n

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

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The intermediate term Barometer added 2.00 to 59.40. It remains Neutral.<\/p>\n

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The long term Barometer added 1.60 to 73.80. It remains Overbought.<\/p>\n

 <\/p>\n

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

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

The intermediate term Barometer added 1.35 to 70.85. It remains Overbought.<\/p>\n

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The long term Barometer added 1.79 to 80.27. It remains Overbought.<\/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 Tuesday October 29th U.S. equity index futures were lower this morning. S&P 500 futures were down 8 points at 8:30 AM EDT. Ford dropped $0.62 to $10.75 after reporting less than consensus third quarter results. VF Corp advanced $3.72 to $20.75 after reporting higher than consensus fiscal second quarter results. Crane added […]<\/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-180873","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/180873","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=180873"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/180873\/revisions"}],"predecessor-version":[{"id":180883,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/180873\/revisions\/180883"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=180873"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=180873"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=180873"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}