U.S. equity index futures were mixed this morning. S&P 500 futures were unchanged in pre-opening trade.
U.S. equity indices are testing their all-time highs. All-time inter-day high for the S&P 500 Index is 2940.91. All-time inter-day high for the NASDAQ Composite Index is 8,133.30.
Caterpillar slipped $2.21 to $139.82 despite reporting higher than consensus first quarter sales and earnings.
AT&T dropped $0.73 to $31.37 after reporting lower than consensus first quarter revenues.
Texas Instruments slipped $1.58 to $114.80 despite reporting higher than consensus first quarter sales and earnings.
eBay (EBAY $36.67) is expected to open higher after reporting higher than consensus first quarter sales and earnings. The company also offered positive guidance.
EquityClock's Daily Market Comment
Following is a link:
http://www.equityclock.com/2019/04/23/stock-market-outlook-for-april-24-2019/
Note seasonality chart on the Russell 2000 Index.
StockTwits released yesterday @EquityClock
echnical action by S&P 500 stocks to 10:00: Bullish. Intermediate breakouts: $HAS $RIG $RTN $TWTR. Breakdown: $ALB
Gold and silver breakdowns this morning: $PAAS $KGC $SMF.CA
Coal ETF $KOL moved above $13.90 setting an intermediate uptrend.
Netflix $NFLX, one of the FAANG stocks moved above $379.00 extending an intermediate uptrend
Encana $ECA.CA $ECA, a TSX 60 stock moved above $10.15 Cdn and $7.65 U.S. extending an intermediate uptrend
Editor's Note: Tourmaline $TOU.CA also broke to a new high in late trading.
Extendicare $EXE.CA moved above $7.62 extending an intermediate uptrend.
Home Capital $HCG.CA moved above $17.66 setting an intermediate uptrend
Trader's Corner
Equity Indices and related ETFs
Daily Seasonal/Technical Equity Trends for April 23rd 2019
Green: Increase from previous day
Red: Decrease from previous day
Commodities
Daily Seasonal/Technical Commodities Trends for April 23rd 2019
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for April 23rd 2019
Green: Increase from previous day
Red: Decrease from previous day
Keith Richard's Blog
Outlook for oil. See:
https://www.valuetrend.ca/outlook-for-oil/
S&P 500 Momentum Barometer
The Barometer added 8.80 to 74.80 yesterday. It remains intermediate overbought.
TSX Momentum Barometer
The Barometer dropped 4.73 to 60.83 yesterday. It remains intermediate overbought and trending down.
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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