Tech Talk for Wednesday April 19th 2023
U.S. equity index futures were lower this morning. S&P 500 futures were down 24 points at 8:30 AM EDT.
United Airlines gained $0.51 to $43.55 after reporting a lower than consensus first quarter loss. The company also offered positive second quarter guidance.
![clip_image001[1]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2023/04/clip_image0011-8.png "clip_image001[1]")
Netflix slipped $0.55 to $333.15 after reporting slightly less than consensus first quarter earnings.
![clip_image002[1]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2023/04/clip_image0021-9.png "clip_image002[1]")
Intuitive Surgical advanced $21.90 to $291.18 after reporting higher than consensus first quarter earnings.
![clip_image003[1]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2023/04/clip_image0031-8.png "clip_image003[1]")
Fox slipped $0.34 to $33.66 after reaching a settlement with Dominion by paying $787.5 million.
![clip_image004[1]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2023/04/clip_image0041-6.png "clip_image004[1]")
EquityClock's Daily Comment
Headline reads "The pace of housing authorizations is slowing as builders seek to adsorb multi-decade high levels of land inventory".
http://www.equityclock.com/2023/04/18/stock-market-outlook-for-april-19-2023/
Technical Notes
Copper ETF $COPX moved above $42.09 extending an intermediate uptrend.
Booking Holdings $BKNG an S&P 100 stock moved above $2,715.66 to an all-time high extending an intermediate uptrend.
Raytheon Technologies $RTX an S&P 100 stock moved above $103.60 to an all-time high (excluding phantom trades in late January) extending an intermediate uptrend.
TSX 60 iShares $XIU.TO moved above Cdn$31.61 and $XIC.TO moved above Cdn$32.96 extending an intermediate uptrend.
Trader's Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for April 18th 2023
Green: Increase from previous day
Red: Decrease from previous day
Commodities
Daily Seasonal/Technical Commodities Trends for April 18th 2023
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for April 18th 2023
Green: Increase from previous day
Red: Decrease from previous day
Source for positive seasonal ratings: www.equityclock.com
Links offered by valued providers
ChartChat with Grayson Roze and Greg Schnell, CMT | StockCharts TV (04.17.23)
https://www.youtube.com/watch?v=wMxumn-MF90
Are Small Caps Ready to SOAR? | Tom Bowley | Trading Places (04.18.23)
https://www.youtube.com/watch?v=lQv6AEq5nGE
Sector Rotation Suggests Market Ready to Move | Julius de Kempenaer | Sector Spotlight (04.18.23)
https://www.youtube.com/watch?v=im7ccfSK3fQ
Interesting Development in Energy | Joe Rabil | Your Daily Five (04.18.23)
https://www.youtube.com/watch?v=n8tVflihWLQ
PMO BUY Signal on Natural Gas | Erin Swenlin | The DecisionPoint Trading Room (04.17.23)
https://www.youtube.com/watch?v=du-juSs2XLs
S&P 500 Momentum Barometers
The intermediate term Barometer added 2.60 to 60.40. It changed from Neutral to Overbought on a moved above 60.00. Daily trend remains up.
The long term Barometer slipped 0.20 to 61.80. It remains Overbought.
TSX Momentum Barometers
The intermediate term Barometer added 0.43 to 62.93. It remains Overbought. Daily trend remains up.
The long term Barometer added 0.43 to 68.10. It remains Overbought. Daily trend remains 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
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