Tech Talk for Tuesday July 30th 2024
U.S. equity index futures were higher this morning. S&P 500 futures were up 8 points at 8:30 AM EDT.
F5 advanced $22.66 to $200.25 after reporting higher than consensus fiscal third quarter earnings. The company also raised fourth quarter guidance.
![clip_image001[5]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2024/07/clip_image0015-3.png "clip_image001[5]")
Symbotic dropped $6.19 to $29.44 after reporting less than consensus fiscal third quarter earnings. The company also lowered fourth quarter guidance.
![clip_image002[5]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2024/07/clip_image0025-6.png "clip_image002[5]")
Merck dropped $2.29 to $125.49 after lowering its 2024 outlook.
![clip_image003[5]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2024/07/clip_image0035-3.png "clip_image003[5]")
Procter & Gamble dropped $5.92 to $164.01 after reporting less than consensus second quarter revenues.
![clip_image004[5]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2024/07/clip_image0045-5.png "clip_image004[5]")
EquityClock's Stock Market Outlook for July 30th
Major technology benchmarks are testing levels of rising intermediate-term levels of support, presenting the logical point to see a rebound attempted. See:
https://equityclock.com/2024/07/29/stock-market-outlook-for-july-30-2024/
Technical Notes
Canadian Dollar $CADUSD moved below US 0.72210 cents extending an intermediate downtrend.
Medical Devices iShares $IHI moved below $54.11 completing a double top pattern.
CVS Health $CVS an S&P 100 stock moved above $61.37 completing a double bottom pattern.
ConocoPhillps $COP an S&P 100 stock moved below $108.48 setting an intermediate downtrend.
Trader's Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for July 29th 2024
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 July 29th 2024
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for July 29th 2024
Green: Increase from previous day
Red: Decrease from previous day
Link offered by a valued provider
Where Do Markets Go From Here: Guy Adami and Liz Young
Where Do Markets Go From Here? - YouTube
S&P 500 Momentum Barometers
The intermediate term Barometer added 0.20 to 70.00. It remains Overbought.
The long term Barometer slipped 0.60 to 77.20. It remains Overbought.
TSX Momentum Barometers
The intermediate term Barometer slipped 0.44 to 73.45. It remains Overbought.
The long term Barometer slipped 0.44 to 81.42. 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
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