Tech Talk for Friday May 1st 2020

U.S. equity index futures were lower this morning. S&P 500 futures were down 60 points in pre-opening trade.

Amazon dropped $125.00 to $2,349.00 after lowering second quarter guidance.

Apple plunged $8.80 to $285.00 after declining to offer fiscal third quarter guidance.

Visa lost $2.03 to $176.69 after lowering second quarter guidance.

Amgen gained $3.78 to $243.00 after reporting higher than consensus first quarter earnings.

EquityClock's Daily Market Comment

Following is a link:

http://www.equityclock.com/2020/04/30/stock-market-outlook-for-may-1-2020/

Note seasonality charts on the S&P 500 Index and Canada's GDP.

Michael Campbell's Money Talks

Don Vialoux is a guest on Michael's weekly radio show tomorrow (Saturday) between 8:30 AM PST and 10:00 AM PST (11:30 AM EDT-1:00 PM EDT). Access is available through www.CNKW.com

StockTwits released yesterday @EquityClock

Canada GDP up 3.1% (NSA) in February, weaker than the 4.5% increase that is average for the second month of the year. $MACRO $STUDY #CDNecon #CAD

Perhaps no surprise, the strongest component in today’s Canadian GDP report was in the medical equipment and supplies manufacturing category, which is up 24.9% through the first two months of the year. Average increase over this timeframe is 10.9%. $MACRO $STUDY #CDNecon #CAD

Teck Resources $TECK, a TSX 60 stock moved above $8.98 U.S. resuming an intermediate uptrend.

Trader's Corner

Equity Indices and related ETFs

Daily Seasonal/Technical Equity Trends for April 30th 2020

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Seasonal/Technical Commodities Trends for April 30th 2020

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for April 30th 2020

Green: Increase from previous day

Red: Decrease from previous day

More Equity Indices and Sectors reach an Intermediate Seasonal Peak near May 2nd

Seasonal influences change from positive to Neutral or Negative

S&P 500 Momentum Barometer

The Barometer dropped 9.82 to 66.33 yesterday. It remains intermediate overbought and is showing early signs of peaking.

TSX Momentum Barometer

The Barometer dropped 8.11 to 58.85 yesterday. It changed from intermediate overbought to intermediate neutral on a move below 60.00 and is showing early signs of peaking.

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

Sponsored By...