Tech Talk for Tuesday January 23rd 2024
U.S. equity index futures were higher this morning. S&P 500 futures were up 7 points at 8:30 AM EST.
United Airlines advanced $2.59 to $41.07 after reporting higher than consensus fourth quarter earnings.
![clip_image001[5]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2024/01/clip_image0015-5.png "clip_image001[5]")
Zions Bancorp dropped $0.26 to $43.05 after reporting lower than consensus fourth quarter results.
![clip_image002[5]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2024/01/clip_image0025-6.png "clip_image002[5]")
MMM dropped $5.00 to 103.02 after lowering first quarter 2024 guidance.
![clip_image003[5]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2024/01/clip_image0035-5.png "clip_image003[5]")
Procter & Gamble added $2.04 to $149.90 after reporting higher than consensus fiscal second quarter earnings.
![clip_image004[5]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2024/01/clip_image0045-5.png "clip_image004[5]")
Technical Notes
NASDAQ 100 stocks led the advance in U.S. equity markets yesterday. Stocks moving above resistance extending their intermediate uptrend included ASML, Micron, CrowdStrike, Take Two and Intuit.
Home Builders SPDRs $XHB moved above $96.92 to an all-time high extending an intermediate uptrend.
Gasoline ETN $UGA moved above $63.96 completing a double bottom pattern.
CGI Group $GIB.A a TSX 60 stock moved above Cdn$145.93 to an all-time high extending an intermediate uptrend.
Trader's Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for Jan.22nd 2024
Green: Increase from previous day
Red: Decrease from previous day
Source for all positive seasonality ratings: www.EquityClock.com
Commodities
Daily Seasonal/Technical Commodities Trends for Jan 22nd 2024
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for Jan.22nd 2024
Green: Increase from previous day
Red: Decrease from previous day
Link offered by a Valued Provider
Chart Check On Netflix & Tesla: Carter Worth
https://www.youtube.com/watch?v=UoIqPUN4xwg
S&P 500 Momentum Barometers
The intermediate term Barometer added 0.60 to 76.00. It remains Overbought.
The long term Barometer added 1.00 to 71.80. It remains Overbought.
TSX Momentum Barometers
The intermediate term Barometer slipped 0.89 to 64.44. It remains Overbought.
The long term Barometer added 0.89 to 59.11. It remains Neutral.
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
| More from the network: |