Tech Talk for Tuesday April 4th 2023
U.S. equity index futures were higher this morning. S&P 500 futures were up 12 points at 8:30 AM EDT.
Oneok added $0.55 to $65.61 after Citigroup upgraded the stock from Neutral to Buy.
![clip_image001[1]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2023/04/clip_image0011.png "clip_image001[1]")
ServiceNow added $$12.52 to $477.01 after Baird upgraded the stock from Neutral to Outperform.
![clip_image002[1]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2023/04/clip_image0021-1.png "clip_image002[1]")
Charter Communications dropped $3.24 to $352.97 after KeyBanc downgraded the stock from Overweight to Sector Weight.
![clip_image002[2]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2023/04/clip_image0022.png "clip_image002[2]")
Comcast added $0.52 to $38.24 after KeyBanc upgraded the stock from Sector weight to Overweight.
![clip_image003[1]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2023/04/clip_image0031.png "clip_image003[1]")
EquityClock's Daily Comment
Headline reads "If the market is so bullish (risk-on), then why are short-term treasury bond prices still around 52-week highs"?
http://www.equityclock.com/2023/04/03/stock-market-outlook-for-april-4-2023/
Technical Notes
Energy stocks on both sides of the border moved higher following news of a production cut back by OPEC +. Chevron, a Dow Jones Industrial Average stock moved above $168.80 extending an intermediate uptrend. ARC Resources moved above Cdn$16.02 completing a reverse Head & Shoulders pattern.
Europe iShares $IEV moved above $50.35 extending an intermediate uptrend.
Emerson Electric $EMR an S&P 100 stock moved above intermediate resistance at $88.41.
Franco-Nevada $FNV.TO a TSX 60 stock moved above Cdn$201.56 extending an intermediate uptrend.
Rogers Communications $RCI.B.TO a TSX 60 stock moved below Cdn$60.01 setting an intermediate downtrend.
Trader's Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for April 3rd 2023
Green: Increase from previous day
Red: Decrease from previous day
Commodities
Daily Seasonal/Technical Commodities Trends for April 3rd 2023
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for April 3rd 2023
Green: Increase from previous day
Red: Decrease from previous day
Source for positive seasonal ratings: www.equityclock.com
Links offered by valued providers
Real Estate Showing Upside Potential | Erin Swenlin | Your Daily Five (04.03.23)
Real Estate Showing Upside Potential | Erin Swenlin | Your Daily Five (04.03.23) - YouTube
Energy Lunges Higher to Start Second Quarter | David Keller, CMT | The Final Bar (04.03.23)
S&P 500 Momentum Barometers
The intermediate term Barometer added 3.00 to 53.20. It remains Neutral. Daily trend is up.
The long term Barometer added 0.40 to 60.40. It remains Overbought. Daily trend is up.
TSX Momentum Barometers
The intermediate term Barometer added 3.85 to 52.99. It remains Neutral. Daily trend is up.
The long term Barometer added 0.85 to 64.96. It remains Overbought. Daily trend is up.
Source for all price charts: www.StockCharts.com
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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