{"id":181342,"date":"2024-11-13T17:57:27","date_gmt":"2024-11-13T22:57:27","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=181342"},"modified":"2024-11-14T08:51:23","modified_gmt":"2024-11-14T13:51:23","slug":"tech-talk-for-thursday-november-14th-2024","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2024\/11\/13\/tech-talk-for-thursday-november-14th-2024\/","title":{"rendered":"Tech Talk for Thursday November 14th 2024"},"content":{"rendered":"

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Pre-opening Comments for Thursday November 14th<\/sup><\/font><\/p>\n

U.S. equity index futures were mixed this morning<\/b>. S&P 500 futures were down 1 point at 8:35 AM EDT.<\/p>\n

S&P 500 futures dropped 8 points following release of the October U.S. Producer Price Index at 8:30 AM EST.<\/b> Consensus was a 0.2% increase versus no change in September. Actual was a 0.2% increase. On a year-over-year basis, consensus was a 2.3% increase versus a 1.8% increase in September. Actual was a 2.4% increase. Excluding food and energy, consensus was a 0.3% increase versus a 0.2% increase in September. Actual was a 0.3% increase. On a year-over-year basis, consensus for core PPI was a 2.9% increase versus a 2.8% increase in September Actual was a 3.1% increase.<\/p>\n

Beazer Homes<\/b> advanced $2.44 to $34.40 after the company reported higher than consensus fiscal fourth quarter revenues.<\/p>\n

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Walt Disney <\/b>advanced $8.47 to $111.19 after reporting higher than consensus fiscal fourth quarter revenues and earnings. <\/p>\n

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

Cisco<\/b> dropped $0.16 to $59.02 after reporting lower fourth quarter revenues.<\/p>\n

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EquityClock\u2019s Stock Market Outlook for November 14th<\/sup><\/strong><\/font><\/p>\n

CPI results continue to reiterate a discerning consumer mentality, requiring a focus on Consumer Services companies over Consumer Goods during this prime end-of-year spending period. See: <\/b><\/p>\n

https:\/\/equityclock.com\/2024\/11\/13\/stock-market-outlook-for-november-14-2024\/<\/a><\/p>\n

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

Canadian Dollar<\/b> dropped below US71.55 to a four year low extending a long term downtrend.<\/p>\n

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Europe iShares<\/b> $IEV moved below $52.76 extending an intermediate downtrend. <\/p>\n

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S&P 100 and NASDAQ 100 stocks moving above resistance extending intermediate uptrends included Intuit <\/b>on a move above $703.15 (to an all-time high), MongoDB<\/b> on a move above $300.00, Workday <\/b>on a move above $300.00, Charles Schwab <\/b>on a move above $78.90 and Okta<\/b> on a move above $79.47 (completing a double bottom pattern).<\/b><\/p>\n

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KLA Corp<\/b> $KLAC a NASDAQ 100 stock moved below $646.82 extending an intermediate downtrend. <\/p>\n

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Linde<\/b> $LIN a NASDAQ 100 stock moved below $453.50 setting an intermediate downtrend. <\/p>\n

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

Small Caps EXPLODING! How to Profit from the Russell 2000 Breakout: Guy Adami, Danny Moses and Liz Young<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=TFHTsJnStyY&t=131s<\/a><\/p>\n

Are Extremely Overbought Conditions Good or Bad for Stocks? David Keller<\/b><\/p>\n

Are Extremely Overbought Conditions Good or Bad for Stocks? \u2013 YouTube<\/a><\/p>\n

What Trump win means for Canada and the loonie: Financial Post<\/b><\/p>\n

What Trump win means for Canada and the loonie \u2013 YouTube<\/a><\/p>\n

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

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The intermediate term Barometer added 0.80 to 62.40. It remains Overbought.<\/p>\n

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The long term Barometer slipped 0.40 to 71.80. It remains Overbought.<\/p>\n

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

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The intermediate term Barometer dropped another 3.17 to 52.05. It remains Neutral. Daily downtrend was extended.<\/p>\n

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The long term Barometer slipped another 0.90 to 69.68. It remains Overbought. Daily downtrend was extended.<\/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<\/em><\/p>\n

to purchase or to sell mentioned securities. Data offered in this report is believed to be accurate,<\/em><\/p>\n

but is not guaranteed<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Pre-opening Comments for Thursday November 14th U.S. equity index futures were mixed this morning. S&P 500 futures were down 1 point at 8:35 AM EDT. S&P 500 futures dropped 8 points following release of the October U.S. Producer Price Index at 8:30 AM EST. Consensus was a 0.2% increase versus no change in September. Actual […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,553],"tags":[],"class_list":["post-181342","post","type-post","status-publish","format-standard","hentry","category-reports","category-techtalk"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/181342","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=181342"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/181342\/revisions"}],"predecessor-version":[{"id":181350,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/181342\/revisions\/181350"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=181342"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=181342"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=181342"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}