Tech Talk for Thursday May 27th 2021

U.S. equity index futures were lower this morning. S&P 500 futures were down 8 points in pre-opening trade.

U.S. equity index futures were quiet prior to release of economic news at 8:30 AM EDT. Consensus for April Durable Goods Orders was an increase of 0.7% versus a gain of 1.0% in March. Excluding Transportation Orders, consensus for April Durable Goods Orders was an increase of 0.7% versus a gain of 2.3% in March. Consensus for second estimate of annualized first quarter real GDP was growth at a 6.4% rate, unchanged from the previous estimate.

Nvidia dropped $8.00 to $620.00 despite reporting higher than consensus first quarter earnings. Revenues were less than consensus.

American Eagle Outfitters added $0.02 to $35.19 after reporting higher than consensus first quarter earnings.

Royal Bank (RY $124.45) is expected to open higher after releasing higher than consensus fiscal second quarter earnings.

Commerce Bank (CM $137.12) is expected to open higher after releasing higher than consensus fiscal second quarter earnings.

EquityClock's Daily Comment

Following is a link:

http://www.equityclock.com/2021/05/26/stock-market-outlook-for-may-27-2021/

Technical Notes released yesterday at StockTwits.com@EquityClock

Hot demand and limited supply continues to drive prices of homes strongly higher, but this is acting as a burden on broader economic activity. equityclock.com/2021/05/25/… $STUDY $MACRO $ITB $XHB $TOL $DHI $LEN #Housing

Hong Kong iShares $EWH moved above $27.90 to an all-time high extending an intermediate uptrend.

India ETF $PIN moved above $25.36 to an all-time high extending an intermediate uptrend.

US Real Estate iShares $IYR moved above $99.75 to an all-time high extending an intermediate uptrend.

Blackrock $BLK an S&P 100 stock moved above $880.80 to an all-time high extending an intermediate uptrend.

Ford $F an S&P 100 stock moved above $13.62 extending an intermediate uptrend.

American Tower $AMT an S&P 100 stock moved above $255.28 extending an intermediate uptrend

Trader's Corner

Equity Indices and Related ETFs

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for May 26th 2021

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for May 26th 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

Market Buzz

Greg Schnell focuses on "Dicey Rolls or Wieldy Dice". Following is a link:

https://www.youtube.com/watch?v=saiBppC-Mz8

S&P 500 Momentum Barometers

The intermediate Barometer added 1.80 to 74.35 yesterday. It remains Overbought.

The long term Barometer was unchanged at 91.38 yesterday. It remains Extremely Overbought.

TSX Momentum Barometers

The intermediate Barometer added 3.28 to 67.13 yesterday. It remains Overbought.

The long term Barometer added 0.77 to 78.70 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