{"id":192873,"date":"2026-02-22T15:19:05","date_gmt":"2026-02-22T20:19:05","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=192873"},"modified":"2026-02-23T08:51:56","modified_gmt":"2026-02-23T13:51:56","slug":"tech-talk-for-monday-february-23rd-2026","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2026\/02\/22\/tech-talk-for-monday-february-23rd-2026\/","title":{"rendered":"Tech Talk for Monday February 23rd 2026"},"content":{"rendered":"

Pre-opening Comments for Monday February 23rd<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were lower this morning<\/b>. S&P 500 futures were down 28<\/em><\/a> points at 8:30 AM EST.<\/em><\/p>\n

Door Dash<\/b> dropped $5.32 to $170.97 after a winter storm hit the northeastern United States.<\/em><\/p>\n

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Novo Nordisk<\/b> dropped $6.55 to $40.87 after results from its weight loss drug failed to match results offered by Eli Lilly\u2019s drug. <\/em><\/p>\n

\"clip_image002[1]\"<\/em><\/a><\/p>\n

Arcellx<\/b> jumped $50.09 to $114.20 after Gilead agreed to purchase the company in a deal valued at $7.8 billion.<\/em> <\/p>\n

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EquityClock\u2019s Market Outlook for February 23rd<\/sup><\/strong><\/font><\/em><\/p>\n

The Manufacturing Renaissance Gains Steam\u2014But Housing Waves a Warning Flag. See:<\/em><\/b><\/p>\n

https:\/\/equityclock.com\/2026\/02\/21\/stock-market-outlook-for-february-23-2026\/<\/em><\/a><\/p>\n

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

Technical Scoop<\/font> for February 23rd<\/sup> from David Chapman and <\/strong><\/font><\/em>www.EnrichedInvesting.com<\/strong><\/font><\/em><\/a><\/p>\n

Crisis course, wavering heights, tariff retaliation, mild rise, weak GDP, strong prices, oil spark, rolling stocks See: <\/em><\/b><\/p>\n

https:\/\/enrichedinvesting.com\/library\/<\/em><\/a><\/p>\n

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

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

The Bottom Line<\/strong><\/font><\/p>\n

Surprising response by U.S. equity indices on Friday on news that the U.S. Supreme Court disallowed President Trump\u2019s tariff policy! <\/b>U.S. equity indices recorded significant gains following the news. <\/b>Look for a counter proposal from Trump this week!<\/p>\n

Economic focus this week is on the January U.S. Producer Price Index<\/b> released on Friday.<\/b><\/p>\n

Primary U.S. earnings focus this week is on Nvidia\u2019s <\/b>quarterly report released on Wednesday. Other U.S. scheduled notable earnings reports include Home Depot<\/b> on Tuesday, Lowe\u2019s<\/b> on Wednesday as well as Salesforce.com<\/b> and Dell <\/b>on Thursday.<\/p>\n

Canadian equity market focus this week<\/b> is on fiscal first quarter results released by Canada\u2019s \u201cBig Six\u201d chartered banks<\/b>. Positive technical action by the group last week suggests that good news is anticipated. The sector has a history of reaching a seasonal peak in the first week in March on a real and relative basis.<\/p>\n

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The TSX Composite Index, TSX 60 Index and their related ETFs (e.g. XIU.TO) have a similar seasonal pattern on a relative basis to Canada\u2019s big banks until August each year.<\/b><\/p>\n

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Economic News This Week<\/strong><\/font><\/p>\n

December U.S. Factory Orders<\/b> released at 10:00 AM EST on Monday are expected to increase 0.2% versus a 2.7% increase in November. <\/p>\n

U.S. December Wholesale Inventories<\/b> released at 10:00 AM EST on Tuesday are expected to increase 0.2% versus a 0.2% increase in November. <\/p>\n

February U.S. Consumer Sentiment<\/b> released at 10:00 AM EST on Tuesday is expected to improve to 87.5 from 84.5 in January.<\/p>\n

January U.S. Producer Price Index<\/b> released at 8:30 AM EST on Friday is expected to increase 0.3% versus a 0.5% gain in December. Excluding food and energy, the January Index is expected to increase 0.4% versus a 0.4% increase in December.<\/p>\n

Selected Earnings News This Week<\/strong><\/font><\/p>\n

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*TSX 60 companies are bolded<\/i><\/b><\/i><\/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

Daily Seasonal\/Technical Equity Trends for February 20th<\/sup> 2026<\/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

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

Daily Seasonal\/Technical Commodities Trends for February 20th<\/sup> 2026<\/p>\n

\"clip_image012\"<\/a><\/b><\/p>\n

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

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

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

Daily Seasonal\/Technical Sector Trends for February 20th<\/sup> 2025<\/p>\n

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

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

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

Mike\u2019s Money Talks for February 21st<\/sup> <\/b><\/p>\n

February 21 Episode (mikesmoneytalks.ca)<\/a><\/p>\n

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

The S&P 500 Has a Big Problem \u2014 And It\u2019s Not Commodities: Julius DeKempenaer<\/b><\/p>\n

The S&P 500 Has a Big Problem \u2014 And It\u2019s Not Commodities \u2013 YouTube<\/a><\/p>\n

Trump’s Global Tariffs Struck Down by Supreme Court: Bloomberg Television<\/b><\/p>\n

Trump’s Global Tariffs Struck Down by Supreme Court \u2013 YouTube<\/a><\/p>\n

PCE SHOCKER: Inflation Spikes & GDP Plummets! <\/b><\/b> (Are Rate Hikes Next?)…Here Are The Trades: Verified Investing<\/b><\/p>\n

PCE SHOCKER: Inflation Spikes & GDP Plummets! (Are Rate Hikes Next?)…Here Are The Trades \u2013 YouTube<\/a><\/p>\n

S&P 500 Trapped Between 6797 and 7000 \u2014 Which Breaks First? Tom Bowley<\/b><\/p>\n

S&P 500 Trapped Between 6797 and 7000 \u2014 Which Breaks First? \u2013 YouTube<\/a><\/p>\n

The Market Looks Flat \u2014 But Rotation Is Heating Up! Mary Ellen McGonagle<\/b><\/p>\n

The Market Looks Flat \u2014 But Rotation Is Heating Up! (stockcharts.com)<\/a><\/p>\n

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

Rangebound Market: How to Trade the S&P 500\u2019s Next Move: Dave Keller<\/b><\/p>\n

Rangebound Market: How to Trade the S&P 500\u2019s Next Move (stockcharts.com)<\/a><\/p>\n

Are income taxes \u201cevil\u201d? Bob Hoye<\/b><\/p>\n

https:\/\/www.howestreet.com\/2026\/02\/are-income-taxes-evil-bob-hoye\/<\/a><\/p>\n

Weekly Update with Larry Berman – February 21, 2026<\/b><\/p>\n

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

This Week in Money with Ross Clark, Bob Moriarty and Mark Leibovit<\/b><\/p>\n

This Week in Money \u2013 HoweStreet<\/a><\/p>\n

Changes Last Week<\/strong><\/font><\/p>\n

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Technical Notes for Friday<\/strong><\/font><\/a><\/p>\n

Aerospace & Defense ETF<\/b> (PPA) moved above $181.31 to an all-time high extending an intermediate uptrend.<\/p>\n

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

Wheat ETN<\/b> (WEAT) moved above $21.90 extending an intermediate uptrend. Seasonal influences are favourable until May 21st<\/sup>. See seasonality chart at www.EquityClock.com<\/a><\/p>\n

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Nike<\/b> (NKE) a Dow Jones Industrial Average stock moved above $67.13 completing a double bottom pattern.<\/p>\n

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National Bank <\/b>(NA.TO) a TSX 60 stock moved above Cdn$177.39 to an all-time high extending an intermediate uptrend.<\/p>\n

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

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The intermediate term Barometer added 2.00 on Friday and 2.40 last week to 66.00. It remains Overbought.<\/p>\n

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The long term Barometer added 0.60 on Friday and 0.40 last week to 67.00. It remains Overbought.<\/p>\n

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

\"clip_image023\"<\/a><\/p>\n

The intermediate term Barometer added 0.46 on Friday and dropped 2.76 last week to 79.96. It remains Overbought.<\/p>\n

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The long term Barometer dropped 1.38 on Friday and was unchanged last week to 79.72. It remains Overbought.<\/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 Monday February 23rd U.S. equity index futures were lower this morning. S&P 500 futures were down 28 points at 8:30 AM EST. Door Dash dropped $5.32 to $170.97 after a winter storm hit the northeastern United States. Novo Nordisk dropped $6.55 to $40.87 after results from its weight loss drug failed to […]<\/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-192873","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/192873","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=192873"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/192873\/revisions"}],"predecessor-version":[{"id":192881,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/192873\/revisions\/192881"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=192873"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=192873"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=192873"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}