Tech Talk for Thursday September 26th 2019

U.S. equity index futures were higher. S&P 500 futures advanced 7 points in pre-opening trade.

Index futures were virtually unchanged following final estimate of economic news at 8:30 AM EDT. Consensus for U.S. second quarter real GDP was unchanged from the previous estimate at 2.00%. Actual was unchanged at 2.00%. Consensus for Weekly Initial Jobless Claims was an increase to 212,000 from 208,000 last week. Actual was 213,000.

Conagra gained $1.93 to $31.85 after reporting higher than consensus fiscal first quarter earnings.

Beyond Meat jumped $27.62 to 138.32 after McDonald's announced a pilot project that will include Beyond Meat's plant-based burgers.

KB Homes gained $0.52 to $32.90 after reporting higher than consensus third quarter earnings.

EquityClock's Daily Market Comment

Following is a link:

http://www.equityclock.com/2019/09/25/stock-market-outlook-for-september-26-2019/

Note seasonality chart on New Home Sales.

Observations

U.S. Dollar Index and its related ETF moved sharply higher

Commodity prices responded by moving lower. See changes in technical score in the Commodities section of this report.

StockTwits released yesterday @EquityClock

Nike $NKE, a Dow Jones Industrial stock moved above $89.64 to an all-time high extending an intermediate uptrend. Responded to higher than consensus fiscal first quarter earnings.

eBay $EBAY, a NASDAQ 100 stock moved below $38.41 completing a double top pattern. Change in CEO announced this morning.

Intuit $INTU, a NASDAQ 100 stock moved below support at $261.94

TSX Technology iShares $XIT.CA moved below support at $26.00.

Trader's Corner

Equity Indices and related ETFs

Daily Seasonal/Technical Equity Trends for September 25th 2019

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for September 25th 2019

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for September 25th 2019

Green: Increase from previous day

Red: Decrease from previous day

S&P 500 Momentum Barometer

The Barometer added 3.20 to 70.00 yesterday. It remains intermediate overbought.

TSX Momentum Barometer

The Barometer dipped 0.87 to 67.53 yesterday. It remains intermediate 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

Sponsored By...