Tech Talk for Tuesday August 31st 2021

U.S. equity index futures were lower this morning. S&P 500 futures were down 8 points in pre-opening trade.

The Canadian Dollar slipped 0.10 to U.S.79.40 cents following release of Canada's June GDP report at 8:30 AM EDT. Consensus was a gain of 0.7%. Actual was an increase of 0.7%.

Zoom dropped $52.11 to $305.35 after announcing lower than consensus second quarter revenue growth. Target price on the stock was lowered by Stifel Nicolaus, Mizuho, Deutsche Bank, Benchmark and KeyBanc.

PayPal added $1.23 to $289.70 on news that it is considering development of a stock trading platform for U.S.customers.

Broadcom added $1.48 to $500.37 after Susquehanna raised its target price from $540 to $580.

EquityClock's Daily Comment

Following is a link:

http://www.equityclock.com/2021/08/30/stock-market-outlook-for-august-31-2021/

Technical Notes released yesterday at

StockTwits.com@EquityClock

Please Click on symbol for chart

Semiconductor iShares $SOXX moved above $471.38 to an all-time high extending an intermediate uptrend.

Global Timber iShares $WOOD moved above $89.76 completing a reverse Head and Shoulders pattern.

U.S. REIT iShares $IYR moved above $107.99 to an all-time high extending an intermediate uptrend.

Facebook $FB an S&P 100 stock moved above $377.55 to an all-time high extending an intermediate uptrend.

Lululemon $LULU a NASDAQ 100 stock moved above $415.34 to an all-time high extending an intermediate uptrend.

Trader's Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for August 30th 2021

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for August 30th 2021

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for August 30th 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

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