Tech Talk for Thursday October 6th 2022
U.S. equity index futures were lower this morning. S&P 500 futures at 7:30 AM EDT were down 18 points.
Costco added $2.28 to $482.60 after announcing a sales gain in September of 10.1%.
![clip_image001[1]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2022/10/clip_image0011-2.png "clip_image001[1]")
Ford gained $0.04 to $12.55 after announcing an increase in the price of its electric F150 pickup truck.
![clip_image002[1]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2022/10/clip_image0021-2.png "clip_image002[1]")
Companies scheduled to report quarterly results today include Constellation Brands and ConAgra
![clip_image003[1]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2022/10/clip_image0031-2.png "clip_image003[1]")
EquityClock's Daily Comment
Headline reads "An abrupt surge in gasoline product supplied has elevated this metric of demand to the highest level of the year". Following is the link:
http://www.equityclock.com/2022/10/05/stock-market-outlook-for-october-6-2022/
Technical Notes for yesterday
Schlumberger $SLB an S&P 100 stock moved above $40.71 extending an intermediate uptrend.
Trip.com $TCOM a NASDAQ 100 stock moved above $30.03 extending an intermediate uptrend.
Dollarama $DOL.TO a TSX 60 stock moved above $83.44 to an all-time high extending an intermediate uptrend.
Trader's Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for October 5th 2022
Green: Increase from previous day
Red: Decrease from previous day
Commodities
Daily Seasonal/Technical Commodities Trends for October 5th 2022
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for October 5th 2021
Green: Increase from previous day
Red: Decrease from previous day
Link offered by valued provider
Mark Bunting and www.uncommonsenseinvestor.com offered the following:
Focus on These "Three Buckets" For Your Investments – Uncommon Sense Investor
S&P 500 Momentum Barometers
The intermediate term Barometer added 0.80 to 22.00 yesterday. It remains Oversold. Short term trend remains up.
The long term Barometer slipped 0.20 to 22.60 yesterday. It remains Oversold.
TSX Momentum Barometers
The intermediate term Barometer slipped 3.39 to 43.22 yesterday. It remains Neutral.
The long term Barometer slipped 0.85 to 31.36 yesterday. It remains Oversold.
Disclaimer: Seasonality ratings 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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