Tech Talk for Tuesday August 3rd 2021
U.S. equity index futures were higher this morning. S&P 500 futures were up 8 points in pre-opening trade.
Micron added $0.95 to $78.59 after announcing a $0.10 per share dividend paid quarterly.
![clip_image001[1]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2021/08/clip_image0011.png "clip_image001[1]")
Take Two dropped $7.34 to $165.87 after the company offered guidance below consensus.
![clip_image002[1]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2021/08/clip_image0021-1.png "clip_image002[1]")
Mosaic added $1.31 to US$31.23 after reporting higher than consensus second quarter earnings.
![clip_image003[1]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2021/08/clip_image0031.png "clip_image003[1]")
Clorox dropped $17.20 to $164.00 after reporting lower than consensus fiscal fourth quarter revenues and earnings.
![clip_image004[1]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2021/08/clip_image0041-1.png "clip_image004[1]")
EquityClock's Daily Comment
Following is a link:
http://www.equityclock.com/2021/07/31/stock-market-outlook-for-august-3-2021/
Technical Notes released yesterday at
India ETF $PIN moved above $26.38 to an all-time high extending an intermediate uptrend.
Philip Morris International $PM an S&P 100 stock moved above $100.53 to an all-time high extending an intermediate uptrend.
Bank of New York Mellon $BK an S&P 100 stock moved above $52.54 extending an intermediate uptrend.
Verisk Analytics $VRSK a NASDAQ 100 stock moved above $189.94 resuming an intermediate uptrend.
CDW Corp $CDW a NASDAQ 100 stock moved above $184.58 to an all-time high extending an intermediate uptrend.
Charter Communications $CHTR a NASDAQ 100 stock moved above $749.31 to an all-time high extending an intermediate uptrend.
Trader's Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for August 2nd 2021
Green: Increase from previous day
Red: Decrease from previous day
Commodities
Daily Seasonal/Technical Commodities Trends for August 2nd 2021
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for August 2nd 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
Seasonality Chart of the Day from www.EquityClock.com
Seasonality for Copper Futures on a real and relative basis (relative to the S&P 500 Index) changed from Positive at the end of July to Neutral to the beginning of October. Thereafter, it turns Positive to mid-April.
Seasonality for copper equities and related ETFs (e.g. COPX, XBM.TO and PICK) changed from Positive at the end of July to Negative to the beginning of October. Thereafter, it turns Positive to early March.
S&P 500 Momentum Barometers
The intermediate term Barometer slipped 0.80 to 55.51 yesterday. It remains Neutral.
The long term Barometer eased 0.60 to 87.37 yesterday. It remains Extremely Overbought and showing early signs of resuming a down trend..
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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