U.S. equity index futures were lower this morning. S&P 500 futures were down 13 points in pre-opening trade.
The Canadian Dollar was virtually unchanged at U.S. 74.67 cents following release of March Canadian Retail Sales at 8:30 AM EDT. Consensus was an increase of 1.0% versus a gain of 0.8% in February. Actual was an increase of 1.1%.
Lowe's dropped $8.10 to $103.00 after reporting lower than consensus first quarter sales and earnings. The company also lowered guidance.
Commerce Bank (CM.TO $112.12) is expected to open lower after reporting slightly lower than consensus fiscal second quarter earnings.
Target gained $5.35 to $77.31 after reporting higher than consensus first quarter sales and earnings.
Nordstrom dropped $3.85 to $34.00 after reporting lower than consensus first quarter sales and earnings.
EquityClock's Daily Market Comment
Following is a link:
http://www.equityclock.com/2019/05/21/stock-market-outlook-for-may-22-2019/
Note seasonality chart on Existing Home Sales.
StockTwits released yesterday @EquityClock
Technical action by S&P 500 stocks to 10:00: Quietly mixed. Intermediate breakout: $ABBV. Breakdowns: $KSS $VAR
Dollarama $DOL.CA, a TSX 60 stock moved above $42.27 extending an intermediate uptrend after Wells Fargo upgraded the stock to Outperform from Market Perform. Target was raised to $48 from $34.
CGI Group $GIB.A $GIB, a TSX 60 stock moved above $98.00 Cdn to an all-time high extending an intermediate uptrend.
Extendicare $EXE.CA moved above $8.10 extending an intermediate uptrend
Cott Corp $BCB.CA moved below $17.85 extending an intermediate downtrend.
U.S. Dollar Index ETN $UUP moved above $26.35 extending an intermediate uptrend.
Trader's Corner
Equity Indices and related ETFs
Daily Seasonal/Technical Equity Trends for May 21st 2019
Green: Increase from previous day
Red: Decrease from previous day
Commodities
Daily Seasonal/Technical Commodities Trends for May 21st 2019
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for May 21st 2019
Green: Increase from previous day
Red: Decrease from previous day
S&P 500 Momentum Barometer
The Barometer dropped on Monday, but more than recovered yesterday to close at 50.40. It remains intermediate neutral and trending down.
TSX Momentum Barometer
The Barometer added 1.26 to 51.88 yesterday. It remains intermediate neutral.
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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