Tech Talk for Friday August 27th 2021

U.S. equity index futures were higher this morning. S&P 500 futures were up 11 points in pre-opening trade. Investors are waiting for an update on U.S. monetary policy by Federal Reserve chairman Jerome Powell at the Jackson Hole Symposium at 10:00 AM EDT.

U.S. index futures were virtually unchanged following release of July Personal Income and July Personal Spending at 8:30 AM EDT. Consensus for July Personal Income was an increase of 0.3% versus a gain of 0.5% in June. Actual was a gain of 1.1% . Consensus for July Personal Spending was an increase of 0.4% versus a gain of 0.5% in June. Actual was .a gain of 0.3%.

Peloton plunged $15.05 to 99.11 after reporting a larger than consensus fourth quarter loss.

Workday added $8.04 to 254.80 after reporting higher than consensus second quarter revenues and earnings.

Hewlett Packard dropped $0.65 to $28.45 after reporting less than consensus third quarter revenues.

Gap Stores added $2.15 to $28.50 after the company reported higher than consensus second quarter revenues and earnings. The company also offered positive guidance.

EquityClock's Daily Comment

Following is a link:

http://www.equityclock.com/2021/08/26/stock-market-outlook-for-august-27-2021/

Technical Notes released yesterday at

StockTwits.com

While the VIX continues to show a trend of lower-highs, seasonal tendencies suggest that we should expect higher values before the quarter is complete. equityclock.com/2021/08/25/… $VIX $VXX $SVXY

Dollar Tree $DLTR a NASDAQ 100 stock moved below $61.55 resuming an intermediate downtrend.

Mondelez $MDLZ an S&P 100 stock moved below $61.55 completing a Head & Shoulders pattern

Trader's Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for August 26th 2021

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for August 26th 2021

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for August 26th 2021

Green: Increase from previous day

Red: Decrease from previous day

All seasonality ratings are based on performance relative to the S&P 500 Index

S&P 500 Momentum Barometers

The intermediate term Barometer dropped 5.68 to 63.86 yesterday. It remains Overbought.

The long term Barometer dropped 3.85 to 80.12 yesterday. It remains Extremely Overbought.

TSX Momentum Barometers

The intermediate term Barometer slipped 1.46 to 50.73 yesterday. It remains Neutral.

The long term Barometer eased 0.98 to 69.76 yesterday. It remains Overbought.

Disclaimer: Seasonality 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