Tech Talk for Tuesday October 29th 2024
U.S. equity index futures were lower this morning. S&P 500 futures were down 8 points at 8:30 AM EDT.
Ford dropped $0.62 to $10.75 after reporting less than consensus third quarter results.
![clip_image001[1]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2024/10/clip_image0011-11.png "clip_image001[1]")
VF Corp advanced $3.72 to $20.75 after reporting higher than consensus fiscal second quarter results.
![clip_image002[1]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2024/10/clip_image0021-11.png "clip_image002[1]")
Crane added $3.34 to $152.39 after reporting higher than consensus third quarter revenues and earnings. The company also offered positive fourth quarter guidance.
![clip_image003[1]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2024/10/clip_image0031-9.png "clip_image003[1]")
McDonalds dropped $9.18 to $287.48 after lowering fourth quarter guidance.
![clip_image004[1]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2024/10/clip_image0041-8.png "clip_image004[1]")
EquityClock's Stock Market Outlook for October 29th
The technicals and the fundamentals favour consumer services stocks over consumer goods counterparts heading towards the prime end of year spending period. See:
https://equityclock.com/2024/10/28/stock-market-outlook-for-october-29-2024/
Technical Notes
Trump Media DJT, a barometer on the U.S. Presidential election soared to a four month high, reflecting changes in recent election polls.
Auto ETF $CARZ moved above $58.86 extending an intermediate uptrend.
Dow $DOW an S&P 100 stock moved below $49.52 extending an intermediate downtrend.
NXP Semiconductor $NXPI a NASDAQ 100 stock moved above $246.98 resuming an intermediate uptrend.
Trader's Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for October 28th 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 October 28th 2024
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for October 28th 2024
Green: Increase from previous day
Red: Decrease from previous day
Links offered by valued providers
CHART THIS with David Keller, CMT for October 28th
https://www.youtube.com/watch?v=ywtSv4qOdvo
Investment Radar: Earnings, Elections, and Economic Data: Guy Adami, Liz Young and Danny Moses
https://www.youtube.com/watch?v=E37CUh-kTQQ
Top 5 Breadth Indicators You Can’t Afford to Ignore! David Keller
Top 5 Breadth Indicators You Can’t Afford to Ignore! - YouTube
Market Approaches Make or Break Moment While Volatility Skew Rises
Market Approaches Make or Break Moment While Volatility Skew Rises - YouTube
S&P 500 Momentum Barometers
The intermediate term Barometer added 2.00 to 59.40. It remains Neutral.
The long term Barometer added 1.60 to 73.80. It remains Overbought.
TSX Momentum Barometers
The intermediate term Barometer added 1.35 to 70.85. It remains Overbought.
The long term Barometer added 1.79 to 80.27. 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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