Tech Talk for Wednesday July 28th 2021
U.S. equity index futures were higher this morning. S&P 500 futures were up 4 points in pre-opening trade.
The Canadian Dollar was virtually unchanged at US79.56 cents following release of Canada's June Consumer Price report at 8:30 AM EDT. Consensus was an increase of 0.4% versus a gain of 0.5% in May. Actual was an increase of 0.3%. The year-over year increase was 3.1%..
Apple dropped $3.07 to $143.70 after reporting higher than consensus fiscal third quarter revenues and earnings.
Microsoft added $0.46 to $287.00 after reporting higher than consensus fiscal fourth quarter revenues and earnings.
Alphabet advanced $84.00 to $2,722.00 after reporting higher than consensus second quarter revenues and earnings.
Starbucks fell $3.73 to $122.30 despite reporting higher than consensus fiscal third quarter revenues and earnings
EquityClock's Daily Comment
Following is a link:
http://www.equityclock.com/2021/07/27/stock-market-outlook-for-july-28-2021/
Technical Notes released yesterday at
A shocking report on new home sales in the US pours cold water on the fundamental prospects for the home construction industry. equityclock.com/2021/07/26/… $ITB $XHB $PHM $LEN $DHI $STUDY #Economy #Housing
Emerging Markets iShares $EEM moved below $51.51 and $51.19 setting an intermediate downtrend.
Hong Kong iShares $EWH moved below $25.49 extending an intermediate downtrend. Responding to the crackdown on selected sectors by the Chinese government
United Parcel Service $UPS an S&P 100 stock moved below $195.47 completing a double top pattern despite reporting higher than consensus second quarter results
FedEx $FDX an S&P 100 stock moved below $73.20 completing a double top pattern
Paccar $PCAR a NASDAQ 100 stock moved below $85.01 extending an intermediate downtrend.
Base metal stocks are responding to higher copper prices. HudBay Minerals $HBM.CA moved above $8.89 setting a short term uptrend.
Trader's Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for July 27th 2021
Green: Increase from previous day
Red: Decrease from previous day
Commodities
Daily Seasonal/Technical Commodities Trends for July 26th 2021
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for July 27th 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 added 1.60 to 56.11 yesterday. It remains Neutral.
The long term Barometer was unchanged at 89.78 yesterday. It remains Extremely Overbought.
TSX Momentum Barometers
The intermediate term Barometer added 0.25 to 52.17 yesterday. It remains Neutral.
The long term Barometer slipped 0.61 to 73.91 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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