Tech Talk for Tuesday October 29th 2024

U.S. equity index futures were lower this morning. S&P 500 futures were down 8 points at 8:30 AM EDT.

Ford dropped $0.62 to $10.75 after reporting less than consensus third quarter results.

VF Corp advanced $3.72 to $20.75 after reporting higher than consensus fiscal second quarter results.

Crane added $3.34 to $152.39 after reporting higher than consensus third quarter revenues and earnings. The company also offered positive fourth quarter guidance.

McDonalds dropped $9.18 to $287.48 after lowering fourth quarter guidance.

EquityClock's Stock Market Outlook for October 29th

The technicals and the fundamentals favour consumer services stocks over consumer goods counterparts heading towards the prime end of year spending period. See:

https://equityclock.com/2024/10/28/stock-market-outlook-for-october-29-2024/

Technical Notes

Trump Media DJT, a barometer on the U.S. Presidential election soared to a four month high, reflecting changes in recent election polls.

Auto ETF $CARZ moved above $58.86 extending an intermediate uptrend.

Dow $DOW an S&P 100 stock moved below $49.52 extending an intermediate downtrend.

NXP Semiconductor $NXPI a NASDAQ 100 stock moved above $246.98 resuming an intermediate uptrend.

Trader's Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for October 28th 2024

Green: Increase from previous day

Red: Decrease from previous day

Source for all positive seasonality ratings: www.EquityClock.com

Commodities

Daily Seasonal/Technical Commodities Trends for October 28th 2024

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for October 28th 2024

Green: Increase from previous day

Red: Decrease from previous day

Links offered by valued providers

CHART THIS with David Keller, CMT for October 28th

https://www.youtube.com/watch?v=ywtSv4qOdvo

Investment Radar: Earnings, Elections, and Economic Data: Guy Adami, Liz Young and Danny Moses

https://www.youtube.com/watch?v=E37CUh-kTQQ

Top 5 Breadth Indicators You Can’t Afford to Ignore! David Keller

Top 5 Breadth Indicators You Can’t Afford to Ignore! - YouTube

Market Approaches Make or Break Moment While Volatility Skew Rises

Market Approaches Make or Break Moment While Volatility Skew Rises - YouTube

S&P 500 Momentum Barometers

The intermediate term Barometer added 2.00 to 59.40. It remains Neutral.

The long term Barometer added 1.60 to 73.80. It remains Overbought.

TSX Momentum Barometers

The intermediate term Barometer added 1.35 to 70.85. It remains Overbought.

The long term Barometer added 1.79 to 80.27. It remains Overbought.

Disclaimer: Seasonality ratings 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