U.S. equity index futures were mixed this morning. S&P 500 futures were unchanged in pre-opening trade.
Index futures were virtually unchanged following release of the first estimate of second quarter real GDP. Consensus was growth at a 4.0% rate versus an upwardly revised 2.2% in the first quarter. Actual was 4.1%.
Second quarter reports continue to pour in. Another 19 S&P 500 companies reported results since the close yesterday.
Amazon gained $80.00 to $1888 after reporting higher than consensus second quarter results. JP Morgan and SunTrust raised their target price on the stock.
![clip_image001[1]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2018/07/clip_image0011_thumb-6.png "clip_image001[1]")
Intel plunged $3.33 to $48.88 despite reporting higher than consensus second quarter sales and earnings. However, data center sales were less than expected.
![clip_image002[1]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2018/07/clip_image0021_thumb-7.png "clip_image002[1]")
Amgen added $1.95 to $196.00 after reporting higher than consensus second quarter results.
![clip_image003[1]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2018/07/clip_image0031_thumb-7.png "clip_image003[1]")
Twitter plunged $4.64 to $38.30 despite reporting higher than consensus second quarter sales and earnings. The stock responded to an unexpected decline in subscriptions.
EquityClock's Daily Market Comment
Following is a link:
http://www.equityclock.com/2018/07/26/stock-market-outlook-for-july-27-2018/
Note seasonality charts on Durable Goods Orders and the PHLX Gold/Silver Index
StockTwits Released Yesterday @EquityClock
US Durable Goods Orders running 6.9% above average through the first half of the year. $MACRO #Economy #Manufacturing
Technical Action by S&P 500 stocks yesterday
Extraordinary action yesterday on the upside and downside: 17 intermediate breakouts and 13 breakdowns. Breakouts included DHI, HSY, KMB, XOM, AON, CB, KEY, A, UHS, FLR, LLL, MMM, AMD, QCOM, XLNX, APD and AEE. Breakdowns included MHK, MCD, PHM, SYF, BIIB, EFX, NLSN, RTN, FB, MLM, IP, WRK and PKG.
Trader's Corner
Daily Seasonal/Technical Equity Trends for July 26th 2018
Green: Increase from previous day
Red: Decrease from previous day
Daily Seasonal/Technical Commodities Trends for July 26th 2018
Green: Increase from previous day
Red: Decrease from previous day
Daily Seasonal/Technical Sector Trends for July 26th 2018
Green: Increase from previous day
Red: Decrease from previous day
S&P 500 Momentum Barometer
The Barometer added 5.60 to 73.20 yesterday. It remains intermediate overbought.
TSX Momentum Barometer
The Barometer gained 2.09 to 55.23 yesterday. It remains intermediate neutral and trending down.
|
Join me at The MoneyShow Toronto, September 14-15, 2018, at the Metro Toronto Convention Centre, where you can meet face-to-face with North America's leading market experts and get answers to your investing and trading questions. The MoneyShow is committed to providing you with one-stop, personal access to 50+ world-renowned experts in the investment and trading industry. The Show will provide you with non-commercial insights and specific recommendations that will help you create your 2018-2019 investment plan to profit. When you attend The MoneyShow in Toronto you'll hear top experts' opinions on global markets and the economy; cannabis and cryptocurrencies, stocks, income, and bonds; ETFs, commodities, options, and trading during the 60+ presentations, interactive workshops, live trading demonstrations, and exciting panel discussions. Don’t miss out! 
|
|
|
Attend My Free Presentation(s): |
|
| | | | | | | | | | | | | | 
Donald Vialoux Saturday, September 15, 2018 | 9:15 am – 10:00 am
Timing the Market Using Fundamental, Technical, and Seasonality Analysis Looking for the investors’ edge? Traditional investment selection starts with fundamental analysis, followed by technical analysis, followed occasionally by seasonality analysis. Investors looking for higher-than-average returns do the opposite: First, they use seasonality analysis to determine… | | LEARN MORE ABOUT THE MONEYSHOW TORONTO |
|
| | Full Schedule Your free registration will provide you access to a plethora of quality presentations, workshops, panels, and special events, covering a wide variety of the latest investing and trading topics, trends, and projections. |
|
|
| | Exhibit Hall Experience the interactive Exhibit Hall, where you can meet representatives from 50+ global financial service companies! Test-drive and experience the latest in tools, products, and services available to investors and traders to reach your portfolio goals. |
|
|
|
|
|
| | | 2018 Speakers These renowned market experts can help you anticipate the market reaction to the rising US interest rates, and the potential effect on the loonie and the Canadian economy. Analyze the current market environment and determine the hot spots for potential investment opportunities, while discerning the possible long-term consequences of geopolitical turmoil around the globe. |
|
|
| | Hotel Information Attendees of The MoneyShow Toronto can stay at the 4-diamond InterContinental (R) Toronto Centre Hotel. This contemporary hotel offers the perfect combination of luxury accommodations and convenience, in the heart of the city, just steps from many popular attractions, and only an elevator ride away from the conference. |
|
|
|
| | The MoneyShow Toronto, September 14-15, 2018, will be your all-in-one resource for the most comprehensive investment and trading education, providing you with the knowledge you need to trade with confidence and invest for maximum profit! ![clip_image013[1]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2018/07/clip_image0131.png "clip_image013[1]")
I look forward to seeing you in Toronto! Sincerely,
Donald Vialoux |
|
| |
|
|
|
|
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
![clip_image001[1]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2018/07/clip_image0011-6.png "clip_image001[1]")
![clip_image002[1]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2018/07/clip_image0021-7.png "clip_image002[1]")
![clip_image003[1]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2018/07/clip_image0031-7.png "clip_image003[1]")
