Tech Talk for Thursday April 29th 2021
Bank of America (BAC), an S&P 100 stock moved above $40.38 extending an intermediate uptrend.
![clip_image001[7]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2021/04/clip_image0017-9.png "clip_image001[7]")
Facebook (FB), an S&P 100 stock moved above $315.88 to an all-time high extending an intermediate uptrend.
![clip_image002[7]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2021/04/clip_image0027-8.png "clip_image002[7]")
QUALCOMM (QCOM), an S&P 100 stock moved above $140.68 extending an intermediate uptrend.
![clip_image003[9]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2021/04/clip_image0039-2.png "clip_image003[9]")
U.S. Broker iShares (IAI) moved above $97.84 to an all-time high extending an intermediate uptrend.
![clip_image004[7]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2021/04/clip_image0047-4.png "clip_image004[7]")
American International Group (AIG), an S&P 100 stock moved above $49.00 extending an intermediate uptrend.
![clip_image005[5]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2021/04/clip_image0055-3.png "clip_image005[5]")
Pre-opening Comments for Thursday April 29th
U.S. equity index futures were higher this morning. S&P 500 futures were up 28 points in pre-opening trade.
Facebook (FB) advanced $17.25 to an all-time high at $324.35 after reporting higher than consensus first quarter revenues and earnings. The company also offered positive guidance.
![clip_image001[5]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2021/04/clip_image0015-15.png "clip_image001[5]")
Ford dropped $0.19 to $12.40 despite reporting higher than consensus first quarter earnings. However, the company offered lower second quarter guidance due to a shortage of semiconductor chips.
![clip_image002[5]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2021/04/clip_image0025-12.png "clip_image002[5]")
Apple (AAPL) gained $4.50 to $138.08 after reporting higher than consensus quarterly sales and earnings. The company also raised its dividend and expanded its share buyback program.
![clip_image003[7]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2021/04/clip_image0037-6.png "clip_image003[7]")
eBay (EBAY) dropped $3.34 to $58.98 despite reporting higher than consensus quarterly earnings. The company also lowered guidance for the next quarter.
![clip_image004[5]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2021/04/clip_image0045-10.png "clip_image004[5]")
EquityClock's Daily Comment
Following is a link:
http://www.equityclock.com/2021/04/28/stock-market-outlook-for-april-29-2021/
Responses to the FOMC announcement at 2:00 PM EDT yesterday
The Fed Fund Rate was maintained at 0.00%-0.25%. Responses by markets were muted:
The S&P 500 Index initially moved slightly higher, but closed virtually unchanged.
The U.S. Dollar ETN moved lower.
Long term Treasury bond prices moved slightly higher.
Gold prices moved higher
![clip_image003[1]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2021/04/clip_image0031-5.png "clip_image003[1]")
Other than gold, Commodity prices were virtually unchanged
U.S. financial stocks and related ETFs moved slightly higher.
Technical Notes for Wednesday April 28th
Mondelez (MDLZ), an S&P 100 stock moved above $59.98 to an all-time high extending an intermediate uptrend. The stock responded to higher than consensus quarterly results.
Eli Lilly (LLY), an S&P 100 stock moved below $179.82 extending an intermediate downtrend.
American Express (AXP), a Dow Jones Industrial Average stock moved above $151.01 to an all-time high extending an intermediate uptrend.
Imperial Oil (IMO), a TSX 60 stock moved above $32.67 extending an intermediate uptrend.
Enbridge (ENB), a TSX 60 stock moved above $49.96 extending an intermediate uptrend.
Shopify (SHOP), a TSX 60 stock moved above $1,569.31 resuming an intermediate uptrend.
Trader's Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for April 28th 2021
Green: Increase from previous day
Red: Decrease from previous day
Commodities
Daily Seasonal/Technical Commodities Trends for April 28th 2021
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for April 28th 2021
Green: Increase from previous day
Red: Decrease from previous day
All seasonality ratings are based on performance relative to the S&P 500 Index
Comment by Greg Schnell
Greg says,"Everyone Needs to Get Paid" Greg focuses on Visa, MasterCard, Square and PayPal. Following is a link:
Everyone Needs To Get Paid – GREG SCHNELL
S&P 500 Momentum Barometer
The intermediate term Barometer was unchanged yesterday at 88.58. It remains Extremely Overbought.
The long term Barometer slipped 0.80 to 94.59 yesterday. It remains Extremely Overbought.
TSX Momentum Barometer
The intermediate term Barometer added 3.78 to 76.00 yesterday. It remains Overbought.
The long term Barometer added 0.69 to 82.00 yesterday. It remains Extremely 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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