Tech Talk for Tuesday November 14th 2023
Index futures were higher this morning. S&P 500 futures were up 49 points at 8:35 AM EST.
Index futures were sharply higher following release of the U.S. October Consumer Price Index at 8:30 AM EST. Consensus was an increase 0.1% versus a gain of 0.4% in September. Actual was unchanged. On a year-over-year basis consensus was an increase of 3.3%. Actual was an increase of 3.2%. Excluding food and energy, consensus was an increase 0.3% versus a gain of 0.3% in September. Actual was an increase of 0.2%. Year-over-year, consensus was an increase of 4.1% versus a gain of 4.1% in September. Actual was an increase of 4.0%.
Sun Life Financial is expected to open higher after the company increased its quarterly dividend from Cdn$0.75 to Cdn$0.78 per share
![clip_image001[1]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2023/11/clip_image0011-5.png "clip_image001[1]")
Teck Resources advanced US$2.05 to US$38.50 after Glencore bought a 77% stake in Teck's steelmaking coal business for $6.93 billion
![clip_image002[1]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2023/11/clip_image0021-7.png "clip_image002[1]")
General Dynamics added $0.55 to $247.20 after receiving an order from Indian Health Service valued at $2.5 billion.
![clip_image001[2]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2023/11/clip_image0012.png "clip_image001[2]")
Home Depot added $2.77 to $290.84 after reporting higher than consensus third quarter earnings.
![clip_image003[1]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2023/11/clip_image0031-5.png "clip_image003[1]")
EquityClock's Daily Comment
Headline reads "Core defensive sectors are reporting year-to-date declines and are vulnerable to tax-loss selling through the month ahead".
https://equityclock.com/2023/11/13/stock-market-outlook-for-november-14-2023/
Technical Notes
Boeing $BA a Dow Jones Industrial Average stock moved above intermediate resistance at $199.62
Meta Platforms $META a NASDAQ 100 stock moved above $330.54 extending an intermediate uptrend.
General Dynamics $GD an S&P 100 stock moved above $245.06 extending an intermediate uptrend.
Trader's Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for Nov13th 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.13th 2023
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for November 13th 2023
Green: Increase from previous day
Red: Decrease from previous day
Canadian Association for Technical Analysis Presentation
Guest video presenter for the CATA's presentation at 8:00 PM EST tonight is Will Tamplin. Everyone is welcome. Not a member of CATA? See https://canadianata.ca/
S&P 500 Momentum Barometers
The intermediate term Barometer slipped 1.40 to 48.00. It remains Neutral.
The long term Barometer added 0.20 to 41.60. It remains Neutral.
TSX Momentum Barometers
The intermediate term Barometer dropped 2.54 to 42.29. It remains Neutral.
The long term Barometer added 1.32 to 38.77. 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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