Tech Talk for Friday October 25th 2019

U.S. equity index futures were mixed this morning. S&P 500 futures were unchanged in pre-opening trade.

Amazon dropped $107.98 to $1672.80 after reporting lower than consensus third quarter earnings.

Intel gained $1.90 to $54.13 after reporting higher than consensus third quarter revenues and earnings. JP Morgan raised its target price to $68 from $64.

Verizon added $0.67 to $61.25 after reporting higher than consensus third quarter revenues and earnings.

Nvidia (NVDA $196.85) is expected to open higher after RBC Capital raised its target price to $251 from $217.

EquityClock's Daily Market Comment

Following is a link:

http://www.equityclock.com/2019/10/24/stock-market-outlook-for-october-25-2019/

Note seasonality chart on Durable Goods Orders

Observation

European equity markets and related ETFs continue to outperform U.S. equity indices. Nice move yesterday by Europe iShares above $44.67 extending an intermediate uptrend.

StockTwits released yesterday @EquityClock

eBay $EBAY, a NASDAQ 100 stock moved below $37.23 extending an intermediate downtrend following release of lower than consensus third quarter results

F Five Networks $FFIV, a NASDAQ 100 stock moved above $142.99 setting an intermediate uptrend.

Lam Research $LRCX, a NASDAQ 100 stock moved above $243.76 to an all-time high extending an intermediate uptrend

Auto ETF $CARZ moved above $33.36 and $33.43 setting an intermediate uptrend

Base metal stocks are moving higher on rising copper prices. Southern Copper $SCCO, one of the world’s largest copper producer moved above $36.41 setting an intermediate uptrend.

Procter & Gamble $PG, a Dow Jones Industrial stock moved above $124.56 to an all-time high extending an intermediate uptrend.

Comcast $CMCSA, an S&P 100 stock moved above $47.05 to an all-time high extending an intermediate uptrend.

Nutrien $NTR.CA, a TSX 60 stock moved below $63.00 setting an intermediate downtrend.

Johnson & Johnson $JNJ, a Dow Jones Industrial stock moved below $126.18 setting an intermediate downtrend.

Trader's Corner

Equity Indices and related ETFs

Daily Seasonal/Technical Equity Trends for October 24th 2019

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for October 24th 2019

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for October 24th 201

Green: Increase from previous day

Red: Decrease from previous day

S&P 500 Momentum Barometer

The Barometer added 0.40 to 67.33 yesterday. It remains intermediate overbought and trending up.

TSX Momentum Barometer

The Barometer slipped another 1.80 to 42.34 yesterday. It remains intermediate neutral.

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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