Soybeans ETN (SOYB) moved above $22.78 completing a 12 month base building pattern.Corn ETN (CORN) moved above $18.02 completing a reverse Head & Shoulders patternUnited Parcel Services (UPS) an S&P 100 stock moved above $89.30 completing a base building pattern. Seasonal influences are favourable until November 29th. See Seasonality chart at www.EquityClock.comFedEx (FDX) an S&P 100 s...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 9 points at 8:30 AM EDT.Nucor (NUE) advanced $3.84 to $271.00 after reporting higher than consensus third quarter earnings. Seasonal influences are favourable until March 4th. See seasonality chart at www.EquityClock.comNXP Semiconductors (NXPI) added $2.40 to $221.56 after reporting higher than consensus third quarter...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 54 points at 8:30 AM EDT. Futures responded to news that China and the U.S. have reached a frame work agreement for trade negotiations. Gold dropped $95.00 to $4,042.70 per ounceArgentina ETF added $12.25 to $86.50 after President Milei's party expanded its control.Keurig Dr. Pepper advanced $1.70 to $28.86 after the c...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 50 points at 8:35A AM EDT.S&P 500 futures advanced 30 points following release of the September Consumer Price Index at 8:30 AM EDT. Consensus was a 0.4% increase. Actual was a 0.3% increase. Excluding food and energy, consensus was a 0.3% increase. Actual was a 0.2% increase.Intel added $2.29 to $40.30 after repor...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 10 points at 8:30 AM EDTTesla dropped $6.48 to $432.40 after reporting less than consensus third quarter earnings. IBM dropped $14.11 to $273.40 after reporting less than consensus third quarter software revenues. Las Vegas Sands added $2.79 to $53.41 after reporting higher than consensus third quarter results. Season...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 3 points at 8:30 AM EDT.Netflix dropped $77.36 to $1,163.99 after reporting lower than consensus third quarter earnings. Texas Instruments dropped $15.04 to $165.80 after reporting less than consensus third quarter results. The company also lowered guidance.Intuitive Surgical advanced $74.07 to $536.81 after reporting...Read More
U.S. equity index futures were mixed this morning. S&P 500 futures were unchanged at 8:35 AM EDT,The Canadian Dollar added 0.10 to US72.32 cents following release of Canada's September Consumer Price Index. Consensus on a year-over-year basis was an increase to 2.2% from 1.9% in August. Actual was a 2.4% increase.Rogers Communications, owner of the Toronto Blue Jays is expected to open higher...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 21 points at 6,725.00 at 8:30 AM EDT. Early strength in the S&P 500 was helped with a reiteration by Morgan Stanley's strategists that the S&P 500 Index will pass through 7,000 next year. The Nikkei Average added 1,603.35 to an all-time high at 49,185.50 in anticipation of Sanae Takaichi becoming Japan's next p...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 3 points at 8:30 AM EDT. Eli Lilly dropped $33.42 to $785.97 and Novo Nordisk dropped $2.34 to $53.75 after President Trump promised that cost for users weight-loss drugs will be much lower.CSX added $0.91 to $36.90 after reporting higher than consensus third quarter earnings. Seasonal influences are favourable until...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 21 points at 8:30 AM EDTJB Hunt Transport Services gained $15.70 to $154.53 after reporting higher than consensus third quarter results. United Airlines slipped $0.81 to $103.24 after reporting less than consensus third quarter revenues. Seasonal influences are favourable until November 14th. See seasonality chart at w...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 49 points at 8:30 AM EDT.Stellantis advanced $0.49 to $10.40 after announcing a $13 billion plan to boost U.S. manufacturing. Seasonal influences are favourable until January 13th. See seasonality chart at www.EquityClock.comBank of America added $2.40 to $52.49 after reporting higher than consensus third quarter earni...Read More
U.S. equity indices moved higher yesterday after concerns about an escalating tariff war with China lessened. The S&P 500 Index added 105.21 to 6,654.72.U.S. equity index futures moved lower this morning. S&P 500 futures were down 59 points to 6,635 at 8:30 AM EDT.Yesterday, Gold bullion added $96.40 to another all-time high at US$4,109.65. This morning gold added another $17.40 per ounce....Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 25 points at 8:30 AM EDT.The Nikkei Average jumped 2,175.26 to 47,944.76 after selection of Sanae Takaichi as Japan's first female prime minister. Advanced Micro Devices gained $39.04 to $203.71 after signing a deal to provide AI chips to Open AIBitcoin briefly moved above US$125,000 to an all-time high. Comerica advan...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 7 points at 8:30 AM EDT.The U.S. September Non-farm Payrolls report scheduled for release at 8:30 AM EDT has been postponed due to shutdown of U.S. Federal Government services.Applied Materials dropped $7.69 to $215.90 after noting that it expects a $710 million hit to fourth quarter revenues triggered by new export re...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 17 points at 8:30 AM EDT.Occidental Petroleum advanced $0.74 to $48.46 after the company sold its OxyChem division to Berkshire Hathaway for $9.7 billion. Berkshire Hathaway slipped $1.19 to $497.01 on the newsStellantis added $0.68 to $10.32 after reporting higher than consensus quarterly results. EquityClock's Market...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 28 points at 8:30 AM EDT. Futures responded to the shutdown of U.S. federal government services at midnight last night.Nike added $0.91 to $70.70 after reporting higher than consensus fiscal first quarter results. Lithium America jumped $1.49 to $7.20 after the U.S. federal government announced purchase of a 5% weight...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 9 points at 8:30 AM EDT. Index futures responded to failure by Congress to reach an agreement prior to October 1st to continue funding government operations. Wolfspeed advanced $3.76 to $25.86 after emerging from Chapter 11 bankruptcy.Echostar added $6.00 to $79.60 on talks to sell its spectrum to VerizonSemtech gaine...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 32 points at 8:30 AM EDT.Gold futures gained $39.40 to $3,848.00 per ounce in response to a weaker U.S. Dollar and to .U.S. government shutdown fears. Novo Nordisk dropped $1.84 to $53.77 after Morgan Stanley noted that the company's test for an Alzheimer treatment is expected to fail.Tesla advanced $17.01 to $440.40 i...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were 23 ponts at 8:35 AM EDTS&P 500 futures added 13 points following release of economic news at 8:30 AM EDT. Consensus for August PCE Price Index was a 0.3% increase versus a 0.2% increase in July. Actual was a 0.3% increase. On a year-over-year basis, the Index increased 2.7% versus 2.6% in July. Consensus for August Co...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 27 points at 8:35 AM EDT.S&P 500 futures slipped 2 points following release of economic news at 8:30 AM EDT. Consensus for updated U.S. annualized second quarter real GDP report was unchanged at a 3.3% rate versus a 0.5% drop in the first quarter. Actual was an increase to 3.8%. Consensus for August Durable Goods...Read More