Tech Talk for Thursday July 22nd 2021
U.S. equity index futures were higher this morning. S&P 500 futures were up 10 points in pre-opening trade.
Whirlpool dropped $3.00 to $214.25 despite reporting higher than consensus second quarter revenues and earnings. The company also offered positive guidance.
![clip_image001[5]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2021/07/clip_image0015-6.png "clip_image001[5]")
Texas Instruments fell $7.35 to $186.89 despite reporting higher than consensus second quarter revenues and earnings. However, the company offered cautious third quarter guidance.
![clip_image002[5]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2021/07/clip_image0025-5.png "clip_image002[5]")
Shopify added $5.13 to US$1,572.70 after Susquehanna raised its target price from US$1,500 to $US$1,800.
![clip_image003[5]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2021/07/clip_image0035-5.png "clip_image003[5]")
EquityClock's Daily Comment
Following is a link:
http://www.equityclock.com/2021/07/21/stock-market-outlook-for-july-22-2021/
Technical Notes for yesterday at
Did Tuesday's rally really change anything? We discuss in today's report. equityclock.com/2021/07/20/… $SPX $SPY $ES_F $DJIA $NYA $IWM $SPXEW
Morgan Stanley $MS an S&P 100 stock moved above $94.27 to an all-time high extending an intermediate uptrend.
Coffee ETN $JJOFF moved above $13.90 extending an intermediate uptrend
Trader's Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for July 21st 2021
Green: Increase from previous day
Red: Decrease from previous day
Commodities
Daily Seasonal/Technical Commodities Trends for July 21st 2021
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for July 21st 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
Notes from uncommon SENSE Investor
Thank you to Mark Bunting and www.uncommonsenseinvestor.com for links to the following reports...
Why Growth & Slowdown Fears Are Premature & Overblown
Comments from Morgan Stanley's Global Equity strategy team
Why Growth & Slowdown Fears Are Premature & Overblown – Uncommon Sense Investor
Experienced Manager On the Rules & Discipline Needed For Successful Investing
A video interview with Keith Richards
Market Buzz
Greg Schnell discusses a "Defensive Market Alignment". Following is a link:
https://www.youtube.com/watch?v=Pik_cCE4goA
Seasonality Charts of the Day from www.EquityClock.com
Seasonal trades in the biotech sector and related ETFs are working well this year. Nice breakout on Tuesday by VanEck Biotech ETF BBH to an all-time high! Seasonal influences are positive on a real and relative basis (relative to the S&P 500 Index) until at least mid-September.
S&P 500 Momentum Barometer
The intermediate term Barometer added 3.61 to 51.10 yesterday. It remains Neutral.
The long term Barometer added 2.00 to 88.38 yesterday. It remains Extremely Overbought.
TSX Momentum Barometer
The intermediate term Barometer added 7.55 to 50.94 yesterday. It remains Neutral.
The long term Barometer added 2.36 to 74.06 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
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