{"id":196811,"date":"2026-07-22T18:49:13","date_gmt":"2026-07-22T22:49:13","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=196811"},"modified":"2026-07-23T08:48:27","modified_gmt":"2026-07-23T12:48:27","slug":"tech-talk-for-thursday-july-23rd-2026","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2026\/07\/22\/tech-talk-for-thursday-july-23rd-2026\/","title":{"rendered":"Tech Talk for Thursday July 23rd 2026"},"content":{"rendered":"

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

U.S. equity index futures were lower this morning.<\/b> S&P 500 futures were down 59 points at 8:30 AM EDT.<\/b><\/em><\/p>\n

Alphabet <\/b>(GOOG) dropped $14.17 to $327.74 after its second quarter report included plans for higher than consensus cost increases <\/em><\/p>\n

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IBM<\/b> (IBM) added $6.83 to $212.60 after issuing positive third quarter guidance.<\/em><\/p>\n

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ServiceNow<\/b> (NOW) added $5.54 to $101\/00 after reporting higher than consensus second quarter results. <\/p>\n

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Tesla <\/b>(TSLA) dropped $11.07 to $362.30 after reporting less than consensus second quarter profits.<\/em><\/p>\n

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

The change in margin debt is suggesting a risk to the market should leverage be forced to unwind. See:<\/em><\/b><\/p>\n

https:\/\/equityclock.com\/2026\/07\/22\/stock-market-outlook-for-july-23-2026\/<\/em><\/a><\/p>\n

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

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

TSX Composite Index<\/b> (TSX) moved above 35,629.89 to an all-time high extending an intermediate uptrend. <\/p>\n

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Wheat ETN<\/b> (WEAT) moved above $25.60 extending an intermediate uptrend. <\/p>\n

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Brookfield Infrastructure<\/b> (BIP) a TSX 60 stock moved above US$39.70 to an all-time high extending an intermediate uptrend.<\/p>\n

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Brookfield<\/b> (BN.TO) a TSX 60 stock moved below Cdn$58.72 extending an intermediate downtrend.<\/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 July 22nd<\/sup> 2026<\/p>\n

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

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

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

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

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

Daily Seasonal\/Technical Commodities Trends for July 22nd<\/sup> 2026<\/p>\n

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

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

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

<\/i><\/p>\n

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

Daily Seasonal\/Technical Sector Trends for July 22nd<\/sup> 2026<\/p>\n

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

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

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


<\/i><\/p>\n

<\/i><\/p>\n

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

Nvidia, Broadcom & Alphabet: Buy the Dip or Wait? Dave Keller<\/b><\/p>\n

Nvidia, Broadcom & Alphabet: Buy the Dip or Wait? \u2013 YouTube<\/a><\/p>\n

After Mega Bounce, Semis Slammed Again As Oil Surges Into Major Resistance – Here Are The Trades: Verified Investing<\/b><\/p>\n

After Mega Bounce, Semis Slammed Again As Oil Surges Into Major Resistance – Here Are The Trades \u2013 YouTube<\/a><\/p>\n

Gold & Silver: Why Smart Investors Are STILL Waiting: Valuetrendcanada<\/b><\/p>\n

Gold & Silver: Why Smart Investors Are STILL Waiting \u2013 YouTube<\/a><\/p>\n

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

\"clip_image013\"<\/a><\/p>\n

The intermediate term Barometer added 4.00 to 63.60. It returned to Overbought from Neutral on a recovery above 60.00.<\/p>\n

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The short term (20 days) Barometer dropped another 4.00 to 47.00. It remained Neutral. Daily downtrend was extended.<\/p>\n

The long term Barometer added 0.80 to 66.20. It remained Overbought.<\/p>\n

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

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The intermediate term Barometer added 5.45 to 62.27. It recovered to Overbought on a move above 60.00. <\/p>\n

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The short term (20 days) Barometer added 6.82 to 64.09. It changed from Neutral to Overbought on a move above 60.00. Daily uptrend was extended.<\/p>\n

The long term Barometer added 1.36 to 63.64. It remained Overbought. Daily uptrend 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 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 Thursday July 23rd U.S. equity index futures were lower this morning. S&P 500 futures were down 59 points at 8:30 AM EDT. Alphabet (GOOG) dropped $14.17 to $327.74 after its second quarter report included plans for higher than consensus cost increases IBM (IBM) added $6.83 to $212.60 after issuing positive third quarter […]<\/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-196811","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/196811","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=196811"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/196811\/revisions"}],"predecessor-version":[{"id":196821,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/196811\/revisions\/196821"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=196811"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=196811"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=196811"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}