Tech Talk for Friday July 5th 2019
U.S. equity index futures were lower this morning. S&P 500 futures were down 4 points in pre-opening trade.
Index futures were virtually unchanged following release of the June Employment Report released at 8:30 AM EDT. Consensus for June Non-farm Payrolls was 160,000 versus downwardly revised 72,000 in May. Actual was 224,000. Consensus for the June Unemployment Rate was unchanged from May at 3.6%. Actual was an increase to 3.7%. Consensus for June Hourly Earnings was an increase of 0.3% versus a gain of 0.2% in May. Actual was an increase of 0.2%
The Canadian Dollar dropped 0.29 to U.S.76.29 cent following release of Canada's June Employment Report. Consensus for June Employment was an increase of 9,900 versus a gain of 27,700 in May. Actual was a drop of 2,200. Consensus for June Unemployment Rate was 5.5% versus 5.4% in May. Actual was 5.5%.
Qualcomm dropped $2.18 to $74.45 and Micron fell $0.57 to $39.02 after Samsung reported a significant decline in demand for memory chips.
![clip_image001[1]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2019/07/clip_image0011-2.png "clip_image001[1]")
![clip_image002[1]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2019/07/clip_image0021-1.png "clip_image002[1]")
EquityClock's Daily Market Comment
Following is a link:
http://www.equityclock.com/2019/07/04/stock-market-outlook-for-july-5-2019/
StockTwits released yesterday @EquityClock
Toronto Dominion Bank $TD.CA, a TSX 60 stock moved above $77.79 to an all-time high extending an intermediate uptrend.
Air Canada $AC.CA moved above $41.47 to an all-time high extending an intermediate uptrend.
Trader's Corner
Equity Indices and related ETFs
Daily Seasonal/Technical Equity Trends for July 4th 2019
Green: Increase from previous day
Red: Decrease from previous day
Commodities
Daily Seasonal/Technical Commodities Trends for July 4th 2019
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for July 4th 2019
Green: Increase from previous day
Red: Decrease from previous day
TSX Momentum Barometer
![clip_image001[3]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2019/07/clip_image0013.png "clip_image001[3]")
The Barometer slipped 0.14 to 66.24 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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