Tech Talk for Friday November 10th 2023
U.S. equity index futures were higher this morning. S&P 500 futures were up 10 points at 8:30 AM EST.
Trade Desk plunged $22.57 to $54.24 after the company lowered fiscal fourth quarter expectations.
![clip_image001[5]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2023/11/clip_image0015-1.png "clip_image001[5]")
Lions Gate Entertainment added $0.13 to $9.20 after reporting higher than consensus fiscal second quarter revenues and profits.
![clip_image002[5]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2023/11/clip_image0025-1.png "clip_image002[5]")
Groupon plunged $4.54 to $9.00 after reporting a third quarter loss.
![clip_image003[5]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2023/11/clip_image0035-1.png "clip_image003[5]")
Illumina dropped $9.38 to $97.60 after the company cut its revenue and earnings forecast.
![clip_image004[5]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2023/11/clip_image0045.png "clip_image004[5]")
EquityClock's Daily Comment
Headline reads "A number of sectors of the market are rolling over from resistance at 50-day moving averages".
https://equityclock.com/2023/11/09/stock-market-outlook-for-november-10-2023/
Technical Notes
Technology SPDRs $XLK moved above $177.00 setting an intermediate uptrend.
Semiconductor ETF $SMH moved above intermediate resistance at $154.06
Technology stocks trading above intermediate resistance include Nvidia on a move above $476.09, Lam Research on a move above $665.00, Micron on a move above $97.15 and
Broadcom on a move above $925.91.
Germany iShares $EWG moved above intermediate resistance at $26.50
Walt Disney $DIS a Dow Jones Industrial Average stock moved above $86.29 completing a Reverse Head & Shoulders pattern.
Rogers Communications $RCI.B.TO a TSX 60 stock moved Cdn$57.26 extending an intermediate uptrend.
Trader's Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for Nov.9th 2023
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 Nov.9th 2023
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for November 9th 2023
Green: Increase from previous day
Red: Decrease from previous day
Links offered by valued providers
The Crypto Market is on FIRE! | Trading Places (11.09.23)
The Crypto Market is on FIRE! | Trading Places (11.09.23) - YouTube
This Relative Strength Signal Can Provide Early Warning Signs | Stock Talk (11.09.2
This Relative Strength Signal Can Provide Early Warning Signs | Stock Talk (11.09.23) - YouTube
Chart of the Day
Technical score for the commodity ETN: GSG dropped from 0 to -6:
Intermediate trend changed from up to down on a move below $21.13 and $20.91.Score: +2 to -2
Strength relative to the S&P 500 changed from Neutral to Negative: Score: 0 to -2
Twenty day moving average: Remained below Score: -1
Daily Momentum (Stochastics, RSI, MACD): Continued trending down. Score: -1
Total Score -6
S&P 500 Momentum Barometers
The intermediate term Barometer dropped 5.20 to 40.80. It remains Neutral. Daily trend is down.
The long term Barometer dropped another 1.80 to 38.00. It remains Oversold. Daily trend is down.
TSX Momentum Barometers
The intermediate term Barometer added 1.76 to 41.85. It remains Neutral.
The long term Barometer added 1.75 to 36.46. It remains Oversold.
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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