Tech Talk for Tuesday September 24th 2024
U.S. equity index futures were higher this morning. S&P 500 futures were up 4 points at 8:30 AM EDT.
Chinese equity ETFs added 4% after the Chinese government announced a monetary stimulus package intended to revive the economy.
![clip_image001[1]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2024/09/clip_image0011-4.png "clip_image001[1]")
Biogen gained $3.25 to $199.06 after announcing positive results for a lupus treatment.
![clip_image002[1]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2024/09/clip_image0021-6.png "clip_image002[1]")
Thor Industries dropped $2.41 to $100.78 after the company lowered its annual guidance.
![clip_image003[1]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2024/09/clip_image0031-5.png "clip_image003[1]")
AutoZone dropped $58.81 to $2,990.00 after reporting less than consensus fourth quarter revenues and earnings.
![clip_image004[1]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2024/09/clip_image0041-5.png "clip_image004[1]")
EquityClock's Stock Market Outlook for September 24th
In this risk averse market, you can still energize your portfolio with plays in Uranium and Natural Gas. See:
https://equityclock.com/2024/09/23/stock-market-outlook-for-september-24-2024/
Technical Notes
Natural gas prices spike higher in U.S and Canadian dollars in anticipation of tropical storm Helene entering the natural gas production areas in the Gulf of Mexico.
Emerging Markets iShares $EEM moved above US$43.92 setting an intermediate uptrend.
U.S. Aerospace & Defense iShares $ITA moved above $148.05 to an all-time high extending an intermediate uptrend.
First Trust Internet ETF $FDN moved above $210.44 extending an intermediate uptrend.
MMM $MMM an S&P 100 stock moved above $134.99 extending an intermediate uptrend.
Linde $LIN an S&P 100 stock moved above $478.38 to an all-time high extending an intermediate uptrend.
Trader's Corner
Quieter than normal day!
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for September 23rd 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 September 23rd 2024
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for September 23rd 2024
Green: Increase from previous day
Red: Decrease from previous day
Links offered by valued providers
Strategy After Rate Cuts: Best Areas to BUY! Mary Ellen McGonagle
Strategy After Rate Cuts: Best Areas to BUY! - YouTube
Tech & Auto Downgrades: PLTR, MSFT, GM: Schwab Network
Tech & Auto Downgrades: PLTR, MSFT, GM - YouTube
Weekly Update with Larry Berman – September 21, 2024
Weekly Update with Larry Berman – September 21, 2024 - YouTube
S&P 500 Momentum Barometers
The intermediate term Barometer added 2.00 to 81.00. It remains Overbought.
The long term Barometer added 0.80 to 77.40. It remains Overbought.
TSX Momentum Barometers
The intermediate term Barometer added 0.44 to 74.78. It remains Overbought.
The long term Barometer was unchanged at 76.99. 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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