Tech Talk for Thursday September 15th 2022

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Pre-opening Comments for Thursday September 15th

U.S. equity index futures were mixed this morning. S&P 500 futures were up 1 point at 7:30 AM EDT.

A tentative labour agreement between railway companies and their unions was reached this morning.

A series of U.S. economic news is scheduled to be released before the opening today

August Retail Sales released at 8:30 AM EDT are expected to increase 0.5% versus a gain of 0.8% in July. Excluding auto sales, August Retail Sales are expected to increase 0.2% versus a gain of 0.4% in July.

September Empire State Manufacturing Survey released at 8:30 AM EDT is expected to improve to -13.90 from -31.30 in August.

September Philly Fed Index released at 8:30 AM EDT is expected to slip to 3.5 from 6.2 in August.

August Capacity Utilization released at 9:15 AM EDT is expected to be unchanged from July at 80.3%. August Industrial Production is expected to increase 0.2% versus a gain of0.6% in July.

Danaher advanced $12.27 to $294.00 after announcing plans to spin off its environmental unit.


Arconic plunged $2.48 to $23.05 after lowering second half revenue and earnings guidance.



EquityClock’s Daily Comment

Headline reads “Forget energy and focus on this energy alternative trade that is breaking out to fresh all-time highs within its optimal holding period”.


Upcoming Event…


Using Seasonality to Determine Where We Are in the Economic Cycle (Recession)? and How to Invest

Saturday, September 17, 2022 | 3:00 pm – 3:45 pm EDT
Some leading indicators are hinting that we are on the path towards an economic recession, traditionally an ideal time to abandon risk in portfolios. Jon Vialoux will show you what he’s looking at and how to best position your portfolio using seasonal analysis.

Click on the following registration link to book your FREE spot to our presentation: Register Now



Technical Notes for yesterday

Starbucks $SBUX a Dow Jones Industrial Average stock moved above $89.93 extending an intermediate uptrend.


O’Reilly Automotive $ORLY a NASDAQ 100 stock moved below $692.29 setting an intermediate downtrend.



Chart of the day

Technical score for Natural Gas increased from 0 to 4 when units moved above their 20 day moving average and strength relative to the S&P 500 Index changed from Negative to Neutral. In addition, the three daily momentum indicators (Stochastics, RSI and MACD) are trending higher and seasonal influences remain positive to October 31st



Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for September 14th 2022


Green: Increase from previous day

Red: Decrease from previous day



Daily Seasonal/Technical Commodities Trends for September 14th 2022


Green: Increase from previous day

Red: Decrease from previous day



Daily Seasonal/Technical Sector Trends for September 14th 2021


Green: Increase from previous day

Red: Decrease from previous day


Links offered by valued providers

Mark Bunting and offered the following links

Five Strategies for 60/40 Investors – Uncommon Sense Investor


Greg Schnell discusses “Flip Flopping Markets

Flip Flopping Markets | Greg Schnell, CMT | Market Buzz (09.14.22) – YouTube


S&P 500 Momentum Barometers


The intermediate term Barometer slipped 0.80 to 38.80 yesterday. It remains Oversold.


The long term Barometer slipped 0.40 to 31.60 yesterday. It remains Oversold.


TSX Momentum Barometers


The intermediate term Barometer was unchanged yesterday at 55.70. It remains Neutral.


The long term Barometer added 2.11 to 36.71 yesterday. It remains Oversold.

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

4 Responses to “Tech Talk for Thursday September 15th 2022”

  1. bruce Says:

    the AAII bullish members were 26.1% this past week up from 18.1% previously but still unusually low….75% of those surveyed were before the Tuesday rout…..the bears dropped to 46.0% from 53.3% also unusually high….

  2. Canuck2004 Says:

    I suspect that we will eventually see the June lows violated, and all NA indexes will slowly grind lower….. I am waiting for the “capitulation low” which will clear the air and announce a new Bull Market. This will be this year or next. Keeping lots of powder dry until then….It will be a gift for those with patience and fortitude to act when it comes. Buy when you are afraid, sell when greedy.

  3. Larry/ON Says:

    The CEO of FedEx is someone I definitely take seriously on having the pulse of world economic activity.

  4. Ron/BC Says:

    The Weekly $SPX is reducing its extreme overbought readings with its choppy sideways price action this year in 2022. Still needs a good wash out and uptrendline test to suggest a significant bottom is in. Only possible positive right now short term is price which has had a history of respecting its 200ema is not all that far away from its 200ema. A test and bounce off of it would be typical. Nothing to hold our breath for though……………..

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