Tech Talk for Wednesday March 13th 2024
U.S. equity index futures were lower this morning. S&P 500 futures were down 3 points at 8:30 AM EDT.
Dollar Tree dropped $11.93 to $137.76 after reporting lower than consensus fiscal fourth quarter earnings.
![clip_image001[1]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2024/03/clip_image0011-4.png "clip_image001[1]")
Petco Health & Wellness added $0.09 to $2.65 after reporting higher than consensus fiscal fourth quarter revenues.
![clip_image002[1]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2024/03/clip_image0021-3.png "clip_image002[1]")
Vera Bradley dropped $0.15 to $6.96 after reporting a fourth quarter loss.
![clip_image003[1]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2024/03/clip_image0031-4.png "clip_image003[1]")
GE HealthCare dropped $3.81 to $88.01 after announcing sale of 14 million shares.
![clip_image004[1]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2024/03/clip_image0041-2.png "clip_image004[1]")
Technical Notes
China large cap iShares $FXI moved above $24.35 completing a Reverse Head & Shoulders pattern.
Hong Kong iShares $EWH moved above $16.69 completing a double bottom pattern.
Consumer Staples SPDRs $XLP moved above $76.17 extending an intermediate uptrend.
Global Timber ETF $CUT moved above $32.45 to a 22 month high extending an intermediate uptrend.
Oil Services ETF $OIH moved above $308.61 completing a double bottom pattern.
Johnson & Johnson $JNJ a Dow Jones Industrial Average stock moved above $162.35 extending an intermediate uptrend.
Oracle $ORCL an S&P 100 stock moved above $126.46 to an all-time high extending an intermediate uptrend. Responded to higher than consensus fiscal third quarter earnings!
Tesla $TSLA a NASDAQ 100 stock moved below $175.01 extending an intermediate downtrend.
Teck Resources $TECK.B.TO a TSX 60 stock moved above Cdn$56.90 extending an intermediate uptrend.
BCE $BCE a TSX 60 stock moved below Cdn$48.70 extending an intermediate downtrend.
Trader's Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for March 12th 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 March 12th 2024
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for March 12th 2024
Green: Increase from previous day
Red: Decrease from previous day
Links offered by valued providers
MAX PAIN with Market Makers This Week Tom Bowley
(Warns about impact of option expiry this Friday)
MAX PAIN with Market Makers This Week - YouTube
5 TOP STOCK PICKS + 2 With Great Potential: Mish Scheider
5 TOP STOCK PICKS + 2 With Great Potential - YouTube
S&P 500 Momentum Barometers
The intermediate term Barometer dropped 3.0 to 77.60. It remains Overbought.
The long term Barometer dropped 1.20 to 81.00. It remains Overbought.
TSX Momentum Barometers
The intermediate term Barometer added 1.33 to 67.11. It remains Overbought.
The long term Barometer dropped 2.22 to 65.78. It remains Overbought.
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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