Tech Talk for Tuesday August 27th 2019
U.S. equity index futures were higher this morning. S&P 500 futures were up 4 points in pre-opening trade.
Johnson & Johnson added $1.75 to $129.55 after a court decision on use of opioids produced by the company resulted in a lower than expected penalty.
![clip_image001[1]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2019/08/clip_image0011-9.png "clip_image001[1]")
JM Smucker (SJM $112.93) is expected to open lower after reporting lower than consensus first quarter sales and earnings.
![clip_image002[1]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2019/08/clip_image0021-11.png "clip_image002[1]")
Bank of Nova Scotia (BNS $67.77) is expected to open higher after reporting greater than consensus fiscal third quarter earnings. The Bank also raised its quarterly dividend by 3.5%.
Chipotle gained $1.97 to $828.77 after SunTrust raised its target price to $900 from $815.
![clip_image004[1]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2019/08/clip_image0041-9.png "clip_image004[1]")
EquityClock's Daily Market Comment
Following is a link:
http://www.equityclock.com/2019/08/26/stock-market-outlook-for-august-27-2019/
Note seasonality chart on Durable Goods Orders.
StockTwits released yesterday @EquityClock
Silver Miners ETF $SIL moved above $29.95 extending an intermediate uptrend.
Pembina Pipeline $PPL.CA, a TSX 60 stock moved below $47.03 setting an intermediate downtrend.
Trader's Corner
Equity Indices and related ETFs
Daily Seasonal/Technical Equity Trends for August 26th 2019
Green: Increase from previous day
Red: Decrease from previous day
Commodities
Daily Seasonal/Technical Commodities Trends for August 26th 2019
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for August 26th 2019
Green: Increase from previous day
Red: Decrease from previous day
Technical Scoop
Link to David Chapman's Weekly Comment compliments of www.enrichedinvesting.com
Josef Schachter on BNNBloomberg's Market Call Yesterday
Market comment
https://www.bnnbloomberg.ca/video/josef-schachter-s-market-outlook~1764595
Past picks
https://www.bnnbloomberg.ca/video/josef-schachter-s-past-picks~1764650
Top picks
https://www.bnnbloomberg.ca/video/josef-schachter-s-top-picks~1764651
Keith Richard's Blog
Keith notes that "Neartermed volatility up on "TTT" (Trumps Trade Tweets)". Following is a link:
https://www.valuetrend.ca/neartermed-volatility-up-on-ttt-trumps-trade-tweets/
S&P 500 Momentum Barometer
The Barometer added 5.40 to 35.40 yesterday. It remains intermediate oversold.
TSX Momentum Barometer
The Barometer added 0.43 to 38.89 yesterday. It remains intermediate oversold.
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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