Tech Talk for Tuesday January 29th 2019
U.S. equity index futures were higher this morning. S&P 500 futures were up 3 points in pre-opening trade.
Biogen (BIIB $330.01) is expected to open higher after reporting higher than consensus fourth quarter sales and earnings.
![clip_image001[1]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2019/01/clip_image0011-13.png "clip_image001[1]")
Pfizer dropped $1.13 to $38.40 after lowering guidance.
![clip_image002[1]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2019/01/clip_image0021-14.png "clip_image002[1]")
Metro (MRU.TO $48.99) is expected to open higher after raising its dividend.
![clip_image003[1]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2019/01/clip_image0031-10.png "clip_image003[1]")
MMM gained $6.24 to 199.44 after reporting higher than consensus fourth quarter earnings.
![clip_image004[1]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2019/01/clip_image0041-9.png "clip_image004[1]")
Whirlpool dropped $8.21 to $116.25 after reporting lower than consensus fourth quarter earnings. The company also lowered guidance.
![clip_image005[1]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2019/01/clip_image0051-3.png "clip_image005[1]")
EquityClock's Daily Market Comment
Following is a link:
http://www.equityclock.com/2019/01/28/stock-market-outlook-for-january-29-2019/
Technical Action Yesterday
Editor's Note: StockTwits site was down yesterday. Following are comments that would have been posted @EquityClock.
Pfizer $PFE, a Dow Jones Industrial stock moved below $40.42 extending an intermediate downrend.
Vale $VALE moved below $12.55 following a dam break at one of its mines extending an intermediate downtrend.
Investco India ETF $PIN moved below $23.35 setting an intermediate downtrend.
SNC Lavalin $SNC.CA, a TSX 60 stock moved below $43.46 on negative guidance extending an intermediate downtrend.
Gold stocks are responding to higher gold prices. Nice breakout by Franco-Nevada $FNV $FNV.CA above $74.17 U.S. extending an intermediate uptrend.
'Tis the season for Franco-Nevada to move higher to the end of February! $FNV $FNV.CA
Technical action by S&P 500 stocks yesterday: Quietly bullish. Intermediate breakouts: KIM, UDR and ESS. Breakdown: PFE
TSX Composite Index continues to outperform the S&P 500 Index.
Trader's Corner
Equity Indices and related ETFs
Daily Seasonal/Technical Equity Trends for January 28th 2019
Green: Increase from previous day
Red: Decrease from previous day
Commodities
Daily Seasonal/Technical Commodities Trends for January 28th 2019
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for January 28th 2019
Green: Increase from previous day
Red: Decrease from previous day
2019 World Outlook Financial Conference
Feb 1 & 2 in Vancouver
92% Sold – Don’t Wait To Buy Your Tickets
CLICK HERE to order
Technical Scoop
David Chapman's Weekly report (compliments of www.enrichedinvesting.com)
Following is the link:
http://enrichedinvesting.com/wp-content/uploads/2019/01/Technical-Scoop-2019-Jan-28-Final.pdf
http://www.equityclock.com/about/seasonal-advantage-portfolio/
S&P 500 Momentum Barometer
The Barometer dropped 3.00 to 70.20 yesterday. It remains intermediate overbought, but continues to trend higher.
TSX Momentum Barometer
The Barometer gained 1.36 to 79.32 yesterday. It remains intermediate overbought, but continues to trend higher.
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
| Sponsored By... |
| More from the network: |