U.S. equity index futures were higher this morning. S&P 500 futures were up 11 points in pre-opening trade.
The Canadian Dollar slipped 0.07 to 75.04 cents U.S. following release of Canadian November Retail Sales at 8:30 AM EST. Consensus was a decrease of 0.6%. Actual was a drop of 0.9%.
IBM gained $9.53 to $132.05 after reporting higher than consensus fourth quarter sales and earnings.
Tesla fell $4.09 to $294.83 after RBC downgraded the stock to Under Perform from Sector Perform. Target price was reduced to $245 from $290.
Procter & Gamble added $3.11 to $93.67 after reporting higher than consensus fiscal second quarter earnings.
United Technologies gained $3.69 to $114.75 after reporting higher than consensus fourth quarter earnings.
EquityClock's Daily Market Comment
Following is a link:
http://www.equityclock.com/2019/01/22/stock-market-outlook-for-january-23-2019/
Note seasonality charts on Existing Home Sales and Manufactured Goods Sales
StockTwits Released Yesterday
Technical action by S&P 500 stocks to 10:15: Quiet. No intermediate breakouts. Breakdown: $MO.
Editor's Note: No additional breakouts or breakdowns after 10:15 AM EST.
Canada Manufacturing Sales down 2.8% (NSA) in November, weaker than the 2.6% average decline for the month. $MACRO #CDNecon #CAD
Trader's Corner
Equity Indices and related ETFs
Daily Seasonal/Technical Equity Trends for January 22nd 2019
Green: Increase from previous day
Red: Decrease from previous day
Commodities
Daily Seasonal/Technical Commodities Trends for January 22nd 2019
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for January 22nd 2019
Green: Increase from previous day
Red: Decrease from previous day
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S&P 500 Momentum Barometer
Percent of S&P 500 stocks trading above their 50 day moving average reached 72.80 yesterday. It remains intermediate overbought, but trending up.
TSX Momentum Barometer
Percent of TSX stocks trading above their 50 day moving average dipped 5.60 to 73.73 yesterday. It remains intermediate overbought, but trending up.
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