Tech Talk for Wednesday April 28th 2021
Mondelez (MDLZ), an S&P 100 stock moved above $59.98 to an all-time high extending an intermediate uptrend. The stock responded to higher than consensus quarterly results.
![clip_image001[7]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2021/04/clip_image0017-8.png "clip_image001[7]")
Pre-opening Comments for Wednesday April 28th
U.S. equity index futures were mixed this morning. S&P 500 futures were unchanged in pre-opening trade.
The Canadian Dollar was virtually unchanged at US80.70 after release of Canadian February Retail Sales at 8:30 AM EDT. Consensus was a gain of 4.0% versus a decline of 1.1% in January. Actual was a gain of 4.6%. Excluding auto sales, consensus was an increase of 3.7% versus a drop of 1.2% in January. Actual was an increase of 4.8%
Alphabet (GOOGL) added $102.01 to $2,393.00 after reporting higher than consensus first quarter results.
![clip_image001[5]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2021/04/clip_image0015-14.png "clip_image001[5]")
Microsoft dropped $8.57 to $253.42 despite reporting higher than consensus first quarter results
![clip_image002[5]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2021/04/clip_image0025-11.png "clip_image002[5]")
Shopify (SHOP) advanced $63.11 to US$1,220.00 after reporting higher than consensus first quarter revenues and earnings.
Amgen dropped $12.60 to $242.53 after reporting lower than consensus first quarter results.
![clip_image004[5]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2021/04/clip_image0045-9.png "clip_image004[5]")
EquityClock's Daily Comment
Following is a link:
http://www.equityclock.com/2021/04/27/stock-market-outlook-for-april-28-2021/
Technical Notes for Tuesday April 27th
Splunk (SPLK), a NASDAQ 100 stock moved below $130.55 extending an intermediate downtrend.
Simon Properties (SPG), an S&P 100 stock moved above $120.57 extending an intermediate uptrend.
Trader's Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for April 27th 2021
Green: Increase from previous day
Red: Decrease from previous day
Commodities
Daily Seasonal/Technical Commodities Trends for April 27th 2021
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for April 27th 2021
Green: Increase from previous day
Red: Decrease from previous day
All seasonality ratings are based on performance relative to the S&P 500 Index
S&P 500 Momentum Barometers
The intermediate term Barometer slipped 0.20 to 88.58 yesterday. It remains Extremely Overbought.
The long term Barometer slipped 0.40 to 95.39 yesterday. It remains Extremely Overbought.
TSX Momentum Barometers
The intermediate Barometer slipped 1.52 to 72.22 yesterday. It remains Overbought and trending down.
The long term Barometer was unchanged yesterday at 81.31. It remains Extremely Overbought.
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
| More from the network: |