Tech Talk for Friday October 25th 2024

Pre-opening Comments for Friday October 25th

U.S. equity index futures were higher this morning. S&P 500 futures added 17 points at 8:35 AM EDT.

S&P 500 futures unchanged following release of September U.S. Durable Goods Orders at 8:30 AM EDT. Consensus was a 1.0% drop versus unchanged in August. Actual was a 0.8% drop

Dexcom dropped $10.90 to $64.00 after lowering guindance.

Capital One Financial gained $4.76 to $158.02 after reporting higher than consensus third quarter earnings.

Capri plunged $20.41 to $21.19 after a judge blocked its takeover by Tapestry.

Olin dropped $4.26 to $40.78 after reporting a third quarter loss.

EquityClock's Stock Market Comment for October 25th

Palladium, an Accumulate candidate, is surging above a bottoming pattern as its period of seasonal strength gets underway. See:

https://equityclock.com/2024/10/24/stock-market-outlook-for-october-25-2024/

Editor's Note

Due to a previous commitment, there will be no pre-opening comment available on Monday, October 28th.

Technical Notes

Palladium ETN $PALL moved above $102.00 extending an intermediate uptrend.

Biotech ETF $BBH moved below $173.21 and $171.08 completing an intermediate topping pattern.

United Parcel $UPS an S&P 100 stock moved above $136.93 extending an intermediate uptrend. Responded to higher than consensus third quarter results!

Keurig Dr. Pepper $KDP a NASDAQ 100 stock moved below $35.94 completing a double top pattern. Third quarter revenues were less than consensus.

Newmont $NEM an S&P 100 stock moved below $51.82 and $50.01setting an intermediate downtrend. Reported less than consensus third quarter earnings!

Metro $MRU.TO a TSX 60 stock moved below Cdn$82.24 completing a double top pattern.

Trader's Corner

Equity Indices and Related ETFs

Green: Increase from previous day

Red: Decrease from previous day

Source for all positive seasonality ratings: www.EquityClock.com

Commodities

Daily Seasonal/Technical Commodities Trends for October 24th 2024

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for October 24th 2024

Green: Increase from previous day

Red: Decrease from previous day

Links offered by valued providers

TSLA Soars After Hours on Strong Results! Tom Bowley

TSLA Soars After Hours on Strong Results! - YouTube

Is Peter Schiff Right About the Imminent Financial Peril? David Keller

Is Peter Schiff Right About the Imminent Financial Peril? - YouTube

Tesla Stock Soars After Earnings Report:Guy Adami, DanNathan, Carter Worth

Tesla Stock Soars After Earnings Report - YouTube

Is This The Beginning Of The Election Jitters? | Profit Pilot

Is This The Beginning Of The Election Jitters? | Profit Pilot - YouTube

‘Too many unknowns’ with election & market to be overweight megacaps, says Clockwise’s Cakmak

‘Too many unknowns’ with election & market to be overweight megacaps, says Clockwise’s Cakmak - YouTube

Goldman Sees S&P Returning 3% Over 10 Next Years: David Kostin

Goldman Sees S&P Returning 3% Over 10 Next Years - YouTube

Chart of the day: Palladium ETN (Symbol: PALL)

S&P 500 Momentum Barometers

The intermediate term Barometer dropped another 1.00 to 62.60. It remains Overbought. Daily momentum trend remains down.

The long term Barometer dropped 1.20 to 72.80. It remains Overbought. Daily momentum trend turned down.

TSX Momentum Barometers

The intermediate term Barometer dropped 0.90 to 74.89. It remains Overbought.

The long term Barometer added 1.35 to 78.92. It remains Overbought.

Disclaimer: Seasonality ratings 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