Tech Talk for Tuesday August 7th 2018
U.S. equity index futures were higher this morning. S&P 500 futures were up 6 points in pre-opening trade.
Marriott International dropped $3.53 to $125.75 after reporting lower than consensus second quarter revenues.
![clip_image001[1]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2018/08/clip_image0011-2.png "clip_image001[1]")
Mosaic (MOS $30.10) is expected to open higher after reporting higher than consensus second quarter earnings. The company also raised its guidance.
![clip_image002[1]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2018/08/clip_image0021-3.png "clip_image002[1]")
Bausch Healthcare, formerly Valiant Pharmaceuticals (BHC $29.59 Cdn.) is expected to open higher after reporting higher than consensus second quarter revenues.
![clip_image003[1]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2018/08/clip_image0031-3.png "clip_image003[1]")
Mallinckrodt gained $3.35 to $27.70 after reporting higher than consensus second quarter earnings.
EquityClock's Daily Market Comment
http://www.equityclock.com/2018/08/06/stock-market-outlook-for-august-7-2018/
Note seasonality charts on Non-Farm Payrolls, Manufacturing and Monetary Authorities-Central Bank Activity
StockTwits Released Yesterday @EquityClock
Turkey iShares $TUR moved below $25.99 extending an intermediate downtrend.
Technical action by S&P 500 stocks to 10:00: Quietly bullish. Intermediate breakouts: $HCP $BLL $DUK. Breakdown: $KORS.
Editor's Note: After 10:00 AM EDT, breakouts included ESS, DISH, ALL, NE and ALLE. Breakdown: NWL
S&P 500 SPDRs $SPY moved above $284.21 to an all-time high extending an intermediate uptrend.
Trader's Corner
Equities and Related ETFs
Daily Seasonal/Technical Equity Trends for August 6th 2018
Green: Increase from previous day
Red: Decrease from previous day
Commodities
Daily Seasonal/Technical Commodities Trends for August 6th 2018
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for August 6th 2018
Green: Increase from previous day
Red: Decrease from previous day
S&P 500 Momentum Barometer
The Barometer added 3.00 to 67.00 yesterday. It remains intermediate overbought and showing signs of rolling over.
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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