Tech Talk for Thursday July 1st 2021
CANADA DAY
Pre-opening Comments for Thursday July 1st
U.S. equity index futures were higher this morning. S&P 500 futures were up 5 points in pre-opening trade.
Johnson & Johnson added $0.67 to $165.41 after the U.S. Surgeon General said that Johnson & Johnson's COVID 19 vaccine may protect against the Delta variant.
![clip_image001[1]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2021/07/clip_image0011.png "clip_image001[1]")
Micron slipped $1.24 to $83.74 despite reporting higher than consensus fourth quarter revenues and earnings.
![clip_image002[1]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2021/07/clip_image0021.png "clip_image002[1]")
Walgreens Boots added $1.49 to $54.10 after reporting higher than consensus fiscal third quarter revenues and earnings. The company also raised fourth quarter guidance.
![clip_image003[1]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2021/07/clip_image0031.png "clip_image003[1]")
Technical Notes released yesterday at
The signs of risk aversion that typically precede a market pullback continue to be absent. equityclock.com/2021/06/29/… $XLU $XLP $IYR
Apple $AAPL a Dow Jones Industrial Average stock moved above intermediate resistance at $136.84
Xilinx $XLNX a NASDAQ 100 stock moved above $139.85 resuming an intermediate uptrend.
Trader's Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for June 30th 2021
Green: Increase from previous day
Red: Decrease from previous day
Commodities
Daily Seasonal/Technical Commodities Trends for June 30th 2021
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for June 30th 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
Comments and video from www.uncommonsenseinvestor.com
Mark Bunting, host of uncommon Sense Investor interviews John O'Connell, CEO of Davis Rea Investment Counsel about Federal Reserve policy and its impact on your investment portfolio. Headline reads, "Enough with the Hand Wringing over the Fed". Following is the link:
Enough with the Hand Wringing Over the Fed – Uncommon Sense Investor
Market Buzz
Greg Schnell discusses "Alternative Energy". Following is a link:
https://www.youtube.com/watch?v=X_0hZE23cM
S&P 500 Momentum Barometers
The intermediate term Barometer added 2.20 to 48.70 yesterday. It remains Neutral.
The long term Barometer added 0.20 to 91.58 yesterday. It remains Extremely Overbought.
TSX Momentum Barometers
The intermediate Barometer added 1.37 to 61.19 yesterday. It changed from Neutral to Overbought on a move above 60.00.
The long term Barometers added 1.83 to 77.63 yesterday. It remains 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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