Tech Talk for Tuesday April 9th 2024
U.S. equity index futures were higher this morning. S&P 500 futures were up 11 points at 8:30 AM EDT.
Gold added another $22.40 to $2,373.40 per ounce in overnight trade.
![clip_image001[1]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2024/04/clip_image0011-4.png "clip_image001[1]")
Taiwan Semiconductor is expected to open higher after the company received a $6 billion grant from the U.S. government to ramp up its semiconductor production in the U.S.
![clip_image002[1]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2024/04/clip_image0021-5.png "clip_image002[1]")
Pfizer added $0.10 to $25.68 after seeking extended approval from the FDA for its RSV shot.
![clip_image003[1]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2024/04/clip_image0031-3.png "clip_image003[1]")
Technical Notes
Platinum ETN $PPLT moved above $87.38 extending an intermediate uptrend.
Old Dominion Freight Lines $ODFL a NASDAQ 100 stock moved above $225.91 to an all-time high extending an intermediate uptrend.
Open Text $OTEX a TSX 60 stock moved below US $37.39 extending an intermediate downtrend.
VALE $VALE one of the largest base metal producers in the world moved above intermediate resistance at $12.55.
Trader's Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for April 8th 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 April 8th 2024
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for April 8th 2024
Green: Increase from previous day
Red: Decrease from previous day
Links offered by valued providers
Make-or-Break Week for the Stock Market: Guy Adami and Dan Nathan
Make-or-Break Week for the Stock Market - YouTube
Charles Schwab’s Liz Ann Sonders: For now, the market has been fairly resilient
Charles Schwab’s Liz Ann Sonders: For now, the market has been fairly resilient - YouTube
Eric Nuttall: We remain bullish on oil but don’t expect it to reach US$100
Eric Nuttall: We remain bullish on oil but don’t expect it to reach US$100 - YouTube
S&P 500 Momentum Barometers
The intermediate term Barometer added 1.60 to 74.40. It remains Overbought.
The long term Barometer added 1.00 to 79.60. It remains Overbought.
TSX Momentum Barometers
The intermediate term Barometer added 1.34 to 67.86. It remains Overbought.
The long term Barometers added 1.34 to 72.77. 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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