U.S. equity index futures were higher this morning. S&P 500 futures were up 94 points in pre-opening trade. Investors are anticipating passage of a bi-partisan economic relief package by the Senate today.
Gold jumped $102.80 to U.S. $1,670.40 per ounce after Goldman Sachs noted that it is "Time to Buy Gold"
Magna International (MG $35.31) is expected to open higher after KeyBanc Capital upgraded the stock from Sector Perform to Overweight.
Coca Cola added $2.24 to $39.80 despite a target reduction by SunTrust RH from $65 to $55.
Pepsico gained $5.06 to 110.24 despite a target reduction by SunTrust RH from $135 to $115.
EquityClock's Daily Market Comment
Following is a link:
http://www.equityclock.com/2020/03/23/stock-market-outlook-for-march-24-2020/
StockTwits released yesterday @EquityClock
Eli Lilly $LLY an S&P 100 stock moved below $121.50 setting an intermediate downtrend.
Josef Schachter on BNNBloomberg's Market Call
Looking for an update on the Canadian energy sector? Josef is the analyst on Market Call today at Noon.
Trader's Corner
Equity Indices and related ETFs
Daily Seasonal/Technical Equity Trends for March 23rd 2020
Green: Increase from previous day
Red: Decrease from previous day
Commodities
Seasonal/Technical Commodities Trends for March 23rd 2020
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for March 20th 2020
Green: Increase from previous day
Red: Decrease from previous day
S&P 500 Momentum Barometer
The Barometer was unchanged yesterday at 1.20. It remains deeply intermediate oversold, but has yet to show significant technical signs of bottoming.
TSX Momentum Barometer
The Barometer added 0.87 to 1.30 yesterday. It remains deeply intermediate oversold, but has yet to show significant technical signs of bottoming.
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... |
More from the network: |