Tech Talk for Friday August 21st 2020

U.S. equity index futures were lower this morning. S&P 500 futures were down 17 points in pre-opening trade.

The Canadian Dollar was virtually unchanged at US 75.62 cents following release of Canada's June Retail Sales report at 8:30 AM EDT. Consensus was an increase of 24.5% versus a gain of 18.7% in May. Actual was an increase of 23.7%. Excluding auto sales, consensus was an increase of 15.0% versus a gain of 10.6% in May. Actual was an increase of 15.7%

Deere advanced $6.02 to $197.12 after reporting higher than consensus fiscal third quarter sales and earnings.

Foot Locker gained $1.56 to $28.85 after reporting higher than consensus second quarter sales and earnings.

Alibaba added $1.08 to $259.05 after Raymond James, Benchmark and Truist raised their target price on the stock.

Pfizer added $0.40 to $39.12 after noting that regulatory review of its COVID 19 vaccine could come as early as October.

EquityClock's Daily Market Comment

Following is a link:

http://www.equityclock.com/2020/08/20/stock-market-outlook-for-august-21-2020/

Note seasonality charts on Natural Gas Storage and Natural Gas Futures

Technical Notes for August 20th

Zoom (ZM), a NASDAQ 100 stock moved above $281.00 to an all-time high extending an intermediate uptrend.

Intuit (INTU), a NASDAQ 100 stock moved above $314.19 to an all-time high extending an intermediate uptrend.

Synopsys (SNPS), a NASDAQ 100 stock moved above $204.90 to an all-time high extending an intermediate uptrend.

Adobe (ADBE), a NASDAQ 100 stock moved above $470.61 to an all-time high extending an intermediate uptrend.

Trader's Corner

Equity Indices and related ETFs

Daily Seasonal/Technical Equity Trends for August 20th 2020

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Seasonal/Technical Commodities Trends for August 20th 2020

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for August 20th 2020

Green: Increase from previous day

Red: Decrease from previous day

S&P 500 Momentum Barometer

The Barometer dropped 5.61 to 68.34 yesterday. It remains intermediate overbought and rolling over.

TSX Momentum Barometer

The Barometer added 0.47 to 78.77 yesterday. It remains intermediate overbought.

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

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