Tech Talk for Tuesday November 22nd 2022
U.S. equity index futures were higher this morning. S&P 500 futures were up 13 points in pre-opening trade.
The Canadian Dollar was virtually unchanged at US74.60 cents following release of Canada's September Retail Sales report at 8:30 AM EST. Consensus was an decrease of 0.5% versus a gain of 0.7% in September. Actual was a decrease of 0.5%.
Dell Computer $DELL advanced $1.83 to $42.90 after reporting higher than consensus third quarter earnings.
![clip_image001[1]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2022/11/clip_image0011-9.png "clip_image001[1]")
Zoom $ZM dropped $2.83 to $77.43 after lowering fiscal third quarter guidance.
![clip_image002[1]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2022/11/clip_image0021-9.png "clip_image002[1]")
Agilent Technologies $A added $5.86 to $151.00 after reporting higher than consensus fiscal fourth quarter results. The company also offered positive guidance.
![clip_image003[1]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2022/11/clip_image0031-7.png "clip_image003[1]")
Best Buy $BBY advanced $5.16 to $75.99 after reporting higher than consensus fiscal third quarter results.
![clip_image004[1]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2022/11/clip_image0041-9.png "clip_image004[1]")
EquityClock's Daily Comment
Headline reads "The risk to the overwhelming positive bias for stocks suggested of pre-election years remains the onset of an economic recession".
http://www.equityclock.com/2022/11/19/stock-market-outlook-for-november-21-2022/
Technical Notes for Yesterday
Pepsico $PEP an S&P 100 stock moved above $183.58 to an all-time high extending an intermediate uptrend.
Monster Beverage $MNST a NASDAQ 100 stock moved above $100.47 to an all-time high extending an intermediate uptrend.
Travelers $TRV a Dow Jones Industrial Average stock moved above $185.93 to an all-time high extending an intermediate uptrend.
Seagen $SGEN a NASDAQ 100 stock moved below $124.57 extending an intermediate downtrend.
Trader's Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for November 21st 2022
Green: Increase from previous day
Red: Decrease from previous day
Commodities
Daily Seasonal/Technical Commodities Trends for November 21st 2022
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for November 21st 2021
Green: Increase from previous day
Red: Decrease from previous day
S&P 500 Momentum Barometers
The intermediate term Barometer added 0.60 to 83.60. It remains Overbought. Trend remains up.
The long term Barometer added 0.20 to 56.40. It remains Neutral. Trend remains up.
TSX Momentum Barometers
The intermediate term Barometer added 1.27 to 72.46. It remains Overbought.
The long term Barometer added 1.27 to 44.92. It remains Neutral.
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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