Tech Talk for Thursday November 14th 2019

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Pre-opening Comments for Thursday November 14th

U.S. equity index futures were lower this morning. S&P 500 futures were down 5 points in pre-opening trade.

Index futures were virtually unchanged following release of economic news at 8:30 AM EST. Consensus for Weekly Initial Jobless Claims was an increase to 215,000 from 211,000 last week. Actual was an increase to 225,000. Consensus for the October Producer Price Index was an increase of 0.2% versus a decline of 0.3% in September. Actual was an increase of 0.4%. Excluding food and energy, consensus for the October Producer Price Index was an increase of 0.2% versus a decline of 0.3% in September. Actual was an increase of 0.1%..

Cisco dropped $2.47 to $45.99 after lowering fiscal second quarter guidance.

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Walmart gained $3.45 to $124.44 after reporting higher than consensus fiscal third quarter earnings. The company also raised guidance.

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Viacom (VIAB $22.05) is expected to open higher after reporting higher than consensus fiscal fourth quarter revenues and earnings.

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EquityClock’s Daily Comment

Following is a link:

http://www.equityclock.com/2019/11/13/stock-market-outlook-for-november-14-2019/

Note seasonality charts on the Consumer Discretionary sector and U.S. Consumer Prices.

 

StockTwits released yesterday @EquityClock

Altria $MO, an S&P 100 stock moved above $47.16 setting an intermediate uptrend.

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Telus $T.CA, a TSX 60 stock moved above $50.19 to an all-time high extending an intermediate uptrend.

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TSX Composite Index $TSX.CA moved above 16,947.23 to an all-time high and the TSX 60 Index moved above 1,015.35 to an all-time high extending an intermediate uptrend.

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Walt Disney $DIS, a Dow Jones Industrial stock moved above $147.15 to an all-time high extending an intermediate uptrend.

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Trader’s Corner

Equity Indices and related ETFs

Daily Seasonal/Technical Equity Trends for November 13th 2019

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Green: Increase from previous day

Red: Decrease from previous day

 

Commodities

Daily Seasonal/Technical Commodities Trends for November 13th 2019

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Green: Increase from previous day

Red: Decrease from previous day

 

Sectors

Daily Seasonal/Technical Sector Trends for November 13th 2019

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Green: Increase from previous day

Red: Decrease from previous day

Money Talks with Michael Campbell

Don Vialoux is scheduled to be the guest analyst on Michael’s weekly radio show this Saturday The broadcast on CKNW in Vancouver starts at 8:30 AM Pacific Standard Time (11:30 AM Eastern Standard Time) and is available through the net at https://globalnews.ca/radio/cknw/?gref=cknw

 

S&P 500 Momentum Barometer

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The Barometer added 1.20 to 66.93 yesterday. It remains intermediate overbought.

 

TSX Momentum Barometer

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The Barometer added 1.35 to 60.36 yesterday. It returned to intermediate overbought from intermediate neutral on a move back above 60.00.

 

Disclaimer: Seasonality and technical ratings offered in this report and at

www.equityclock.com 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

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5 Responses to “Tech Talk for Thursday November 14th 2019”

  1. bruce Says:

    the AAII for the week ended nov.13th is quoted “optimism is above average for the first time since July”…….bulls were 40.7% plus .4 the bears are 24.8% plus .9

  2. Ron/BC Says:

    Bruce

    The Fear& Greed Indicator is also at extremes.

    https://money.cnn.com/data/fear-and-greed/

  3. bruce Says:

    ron
    keith richards is also showing a cautious reading with his sentiment indicators…..

  4. dutchcanuck Says:

    Yes and the yield curve went positive for 1 day. It’s back to -4bps

  5. Larry/ON Says:

    Sid Mohktari will be on BNN today at 4:10 EST providing technical analysis. One of the best in the business.

    Hap Sneddon was on BNN market call at 1pm EST providing technical analysis. Video should be available soon.

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