U.S. equity index futures were higher this morning. S&P 500 futures were up 25 points in pre-opening trade. Investors were encouraged by news that China has committed to purchase $10 billion in agricultural products if a U.S./China trade agreement is reached.
Johnson & Johnson dropped $2.85 to $128.99 following a jury decision that awarded $8 billion against the company.
Verizons added $0.25 to $59.35 after SunTrust raised its target price to $68 from $61.
Apple added $2.50 to $226.90 after Canaccord Genuity raised its target price on the stock to $260 from $240.
Domino's Pizza slipped $0.59 to $252.89 after Argus Research lowered its rating on the stock to Hold from Buy.
EquityClock's Daily Market Comment
Following is a link:
http://www.equityclock.com/2019/10/08/stock-market-outlook-for-october-9-2019/
StockTwits released yesterday @EquityClock
First Trust Natural Gas ETF $FCG moved below $10.54 extending an intermediate downtrend
Rogers Communications $RCI, a TSX 60 stock moved below $48.19 U.S. and $64.11 Cdn. extending an intermediate downtrend
Occidental Petroleum $OXY, an S&P 100 stock moved below $41.10 extending an intermediate downtrend
Trader's Corner
Equity Indices and related ETFs
Daily Seasonal/Technical Equity Trends for October 8th 2019
Green: Increase from previous day
Red: Decrease from previous day
Commodities
Daily Seasonal/Technical Commodities Trends for October 8th 2019
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for October 8th 2019
Green: Increase from previous day
Red: Decrease from previous day
S&P 500 Momentum Barometer
The Barometer plunged 16.83 to 33.07 yesterday. It changed to intermediate oversold on a move below 40.00
TSX Momentum Barometer
The Barometer slipped 4.87 to 44.25 yesterday. It remains intermediate neutral.
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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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