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Tech Talk for Friday October 30th 2020

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Morning Technical Notes for Friday October 30th Check Point (CHKP), a NASDAQ 100 stock moved below $114.89 completing a double top pattern. Hong Kong iShares moved below $21.51 setting an intermediate downtrend.   Pre-opening Comments for Friday October 30th U.S. equity index futures were lower this morning. S&P 500 futures were down 29 points in […]

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Tech Talk for Thursday October 29th 2020

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Morning Technical Notes for Thursday October 29th Technical weakness in U.S equity markets continued in early trading. S&P 100 and NASDAQ 100 stocks that broke intermediate support by 10:00 AM included BKNG, MCD, ROST, CVS, KO, MNST, WBA, PFE, MMM, WLTW and VRSK. Selected ETFs that broke intermediate support included XOP, XLP, DIA, EWZ, GDXJ, […]

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Tech Talk for Wednesday October 28th 2020

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Pre-opening Comments for Wednesday October 28th U.S. equity index futures were sharply lower this morning. S&P 500 futures were down 52 points in pre-opening trade. This morning Bank of Canada is scheduled to release on update on the Canadian economy. No change in its 0.25% lending rate charged to major Canadian banks is anticipated. Microsoft […]

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Tech Talk for Tuesday October 27th 2020

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Morning Technical Notes for Tuesday October 27th American International Group (AIG), an S&P 100 stock moved above $32.67 resuming an intermediate uptrend. Eli Lilly (LLY), an S&P 100 stock moved below $139.00 extending an intermediate downtrend. Teck Resources (TECK), a TSX 60 stock moved below US$13.05 setting an intermediate downtrend. Dollarama (DOL), a TSX 60 […]

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Tech Talk for Monday October 26th 2020

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Morning Technical Notes for Monday October 26th Oracle (ORCL), an S&P 100 stock moved below $58.05 completing a double top pattern. Turkey iShares (TUR) moved below $19.12 extending an intermediate uptrend. Dow Jones Industrial Average moved below its 20 day moving average at28221.63 and its 50 day moving average at 28021.11. Cenovus (CVE), a TSX […]

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