Tech Talk for Tuesday November 12th 2019
U.S. equity index futures were higher this morning. S&P 500 futures were up 2 points in pre-opening trade.
Tyson Foods dropped $4.24 to $78.49 after reporting lower than consensus fiscal fourth quarter revenues and earnings.
![clip_image001[1]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2019/11/clip_image0011-2.png "clip_image001[1]")
Rockwell Automation gained $14.80 to $194.00 after reporting higher than consensus fiscal fourth quarter revenues and earnings.
![clip_image002[1]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2019/11/clip_image0021-3.png "clip_image002[1]")
DR Horton added $1.15 to $53.80 after reporting higher than consensus fiscal fourth quarter earnings. The company also raised its dividend and offered an upbeat outlook.
![clip_image003[1]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2019/11/clip_image0031-2.png "clip_image003[1]")
EquityClock's Daily Market Comment
Following is a link:
http://www.equityclock.com/2019/11/08/stock-market-outlook-for-november-12-2019/
Note seasonality chart on Canadian Employment.
StockTwits released yesterday @EquityClock
Open Text $OTEX $OTEX.CA, a TSX 60 stock moved above intermediate resistance at $42.65 U.S. and $55.53 Cdn. following announcement of its acquisition of Carbonite for $23 per share.
CGI Inc $GIB $GIB.A.CA, a TSX 60 stock moved above $80.59 U.S. and $106.03 Cdn. to an all-time high extending an intermediate uptrend.
Platinum ETN $PPLT moved below $82.40 setting an intermediate downtrend.
Trader's Corner
Equity Indices and related ETFs
Daily Seasonal/Technical Equity Trends for November 11th 2019
Green: Increase from previous day
Red: Decrease from previous day
Commodities
Daily Seasonal/Technical Commodities Trends for November 11th 2019
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for November 11th 2019
Green: Increase from previous day
Red: Decrease from previous day
Technical Scoop
Thank you to David Chapman and www.EnrichedInvesting.com for a link to the following weekly report:
S&P 500 Momentum Barometer
The Barometer slipped 0.40 to 66.13 yesterday. It remains intermediate overbought.
TSX Momentum Barometer
The Barometer gained 3.17 to 62.44 yesterday. It changed to intermediate overbought from intermediate neutral on a move above 60.00.
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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