Tech Talk for Tuesday February 11th 2020
U.S. equity index futures were higher this morning. S&P 500 futures were up 10 points in pre-opening trade.
Sprint jumped $3.30 to $8.120 in anticipation of approval by the courts of a merger with T-Mobil.
![clip_image001[1]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2020/02/clip_image0011-2.png "clip_image001[1]")
NVIDIA advanced $4.19 to $267.16 after Oppenheimer and Deutsche Bank raised their target price on the stock.
![clip_image002[1]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2020/02/clip_image0021-4.png "clip_image002[1]")
Under Armour dropped $2.73 to $17.73 after reporting less than consensus fourth quarter revenues and guidance. The company also lowered guidance.
![clip_image003[1]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2020/02/clip_image0031-2.png "clip_image003[1]")
Hasbro gained $5.88 to $106.78 after reporting higher than consensus fourth quarter earnings.
![clip_image004[1]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2020/02/clip_image0041-3.png "clip_image004[1]")
EquityClock's Daily Market Comment
Following is a link:
http://www.equityclock.com/2020/02/10/stock-market-outlook-for-february-11-2020/
Observations
The U.S. Dollar Index ETN surged to a new all-time high.
By definition, most other currencies moved lower.
StockTwits released yesterday @EquityClock
iShares REIT $IYR moved above $96.62 to an all-time high extending an intermediate uptrend
Husky Energy $HSE.CA, a TSX 60 stock moved below $8.26 to a 15 year low extending an intermediate downtrend.
BMO Equal Weight Canadian Bank ETF $ZEB moved above $30.16 to an all-time high extending an intermediate uptrend.
Boeing $BA, a Dow Jones Industrial stock moved above intermediate resistance at $344.19
George Weston $WN.CA, a TSX 60 stock moved above intermediate resistance at $108.90
NetEase $NTES, a NASDAQ 100 stock moved above $352.00 extending an intermediate uptrend.
Alphabet $GOOGL, a NASDAQ 100 stock moved above $1500.58 to an all-time high extending an intermediate uptrend.
Editor's Note: Ditto for $GOOGL!
Trader's Corner
Equity Indices and related ETFs
Daily Seasonal/Technical Equity Trends for February 10th 2020
Green: Increase from previous day
Red: Decrease from previous day
Commodities
Daily Seasonal/Technical Commodities Trends for February 10th 2020
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for February 10th 2020
Green: Increase from previous day
Red: Decrease from previous day
Technical Scoop
Thank you to David Chapman and www.enrichedinvesting.com for a link to the following report. Headline reads, "Rickards war, helicopter money, falling rates, creeping signs, strong numbers, precious hold".
S&P 500 Momentum Barometer
The Barometer added 1.00 to 64.13 yesterday. It remains intermediate overbought.
TSX Momentum Barometer
The Barometer was unchanged yesterday at 59.72. It remains intermediate neutral.
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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