Tech Talk for Tuesday May 26th 2020

U.S. equity index futures were higher this morning. S&P 500 futures were up 55 points in pre-opening trade.

Bank of Nova Scotia (BNS $51.99 Cdn) is expected to open higher after reporting higher than consensus fiscal second quarter earnings.

Merck gained $2.33 to $78.70 after announcing a deal to develop coronavirus vaccines.

Autozone added $41.06 to $1164.00 after reporting higher than consensus fiscal third quarter sales and earnings.

EquityClock's Daily Market Comment

Following is a link:

http://www.equityclock.com/2020/05/23/stock-market-outlook-for-may-26-2020/

Note seasonality chart on Canadian Retail Trade.

Technical Notes

Dollarama (DOL), a TSX 60 stock moved above $44.71 extending an intermediate uptrend.

Cannabis sales soar at the restart of North American economies. Cannabis stocks quickly follow.

Trader's Corner

Editor's Note: No changes from Friay.

Equity Indices and related ETFs

Daily Seasonal/Technical Equity Trends for May 25th 2020

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Seasonal/Technical Commodities Trends for May 25th 2020

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for May 25th 2020

Green: Increase from previous day

Red: Decrease from previous day

Technical Scoop

Thank you to David Chapman and www.enrichedinvesting.com to a link to their weekly comment:

http://enrichedinvesting.com/wp-content/uploads/2020/05/Great-re-opening-buy-rumour-sell-news-disconnect-continues-Fed-liquidity-gold-highs-oil-steam.pdf

TSX Momentum Barometer

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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