Tech Talk for Tuesday January 24th 2023

Daily Reports Add comments

Pre-opening Comments for Tuesday January 24th

U.S. equity index futures were lower this morning. S&P 500 futures were down 12 points in pre-opening trade.

Lockheed Martin added $5.42 to $446.70 after reporting higher than consensus fourth quarter revenues and earnings.

clip_image001[1]

DR Horton advanced $0.72 to $96.40 after reporting higher than consensus fourth quarter revenues and earnings.

clip_image002[1]

General Electric added $2.09 to $79.77 after reporting higher than consensus fourth quarter earnings.

clip_image003[1]

Verizon dropped $0.76 to $38.87 after reporting less than consensus fourth quarter earnings.

clip_image004[1]

 

EquityClock’s Daily Comment

Headline reads “Money managers have neutralized their bullish bets on the US Dollar Index, setting the stage for a retracement higher in the currency benchmark through the end of the first quarter”.

http://www.equityclock.com/2023/01/23/stock-market-outlook-for-january-24-2023/

 

Technical Notes

Taiwan iShares $EWT moved above $45.03 completing a reverse Head & Shoulders pattern.

clip_image001

Vietnam ETF $VNM moved above $13.01 completing a double bottom pattern.

clip_image002

Auto ETF $CARZ moved above $46.51 completing a double bottom pattern.

clip_image003

Medical Devices iShares $IHI moved above $55.06 extending an intermediate uptrend.

clip_image004

Semiconductor iShares $SOXX moved above $398.94 extending an intermediate uptrend.

clip_image005

Semiconductor ETF SMH moved above $231.95 extending an intermediate uptrend.

clip_image006

Nvidia $NVDA, a NASDAQ 100 stock moved above $187.90 extending an intermediate uptrend.

clip_image007

Take Two $TTWO a NASDAQ 100 stock moved above $109.80 completing a double bottom pattern.

clip_image008

Qualcomm $QCOM an S&P 100 stock moved above $128.20 completing reverse Head & Shoulders pattern. The stock was upgraded by Barclays to Outperform.

clip_image009

Marriott International $MAR an S&P 100 stock moved above $169.05 extending an intermediate uptrend.

clip_image010

TSX Information Technology iShares $XIT.TO moved above $36.28 and $36.78 completing a reverse Head & Shoulders pattern.

clip_image011

Bausch Health $BHC.TO a TSX 60 stock moved above Cdn$10.99 extending an intermediate uptrend.

clip_image012

Silver ETN SLV moved below $22.40 completing a double top pattern.

clip_image013

Soybean ETN $SOYB moved below $27.56 completing a double top pattern.

clip_image014

 

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for January 23rd 2023

clip_image016

Green: Increase from previous day

Red: Decrease from previous day

 

Commodities

Daily Seasonal/Technical Commodities Trends for January 23rd 2023

clip_image018

Green: Increase from previous day

Red: Decrease from previous day

 

Sectors

Daily Seasonal/Technical Sector Trends for January 23rd 2023

clip_image020

Green: Increase from previous day

Red: Decrease from previous day

 

S&P 500 Momentum Barometers

clip_image021

The intermediate term Barometer advanced 6.40 to 69.20. It remains Overbought.

clip_image022

The long term Barometer added 4.20 to 66.40. It remains Overbought.

 

TSX Momentum Barometers

clip_image023

The intermediate term Barometer added 1.69 to 79.66. It remains Overbought.

clip_image024

The long term Barometer added 1.69 to 70.34. It remains Overbought and trending up.

 

Disclaimer: Seasonality ratings 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




Leave a Reply

Entries RSS Comments RSS Log in