Morning Technical Notes for Friday January 22nd Honeywell (HON), a Dow Jones Industrial Average stock moved below $204.85 completing a double top pattern. IBM ((IBM) moved below support at $121.72 after reporting lower than consensus fourth quarter revenues. Raytheon Technologies (RTX), an S&P 100 stock moved below $67.78 completing a double top pattern. Pre-opening Comments […]

Pre-opening Comments for Thursday January 21st U.S. equity index futures were higher this morning. S&P 500 futures were up 8 points in pre-opening trade. Index futures were virtually unchanged following release of economic news at 8:30 AM EST. Consensus for December U.S. Housing Starts was an increase to 1.560 million units from 1.547 million units […]

Morning Technical Notes for Wednesday January 20th Intuit (INTU), a NASDAQ 100 stock moved above $387.32 to an all-time high extending an intermediate uptrend. Open Text (OTEX), a TSX 60 stock moved above US$47.13 to an all-time high extending an intermediate uptrend. Netflix (NFLX), a NASDAQ 100 stock moved above $575.37 to an all-time high […]

Morning Technical Notes for Tuesday January 19th Costco (COST), an S&P 100 stock moved below $359.50 setting an intermediate downtrend. South Africa iShares (EZA) moved above $45.40 extending an intermediate uptrend. Pre-opening Comments for Tuesday January 19th U.S. equity index futures were higher this morning. S&P 500 futures were up 26 points in pre-opening trade. […]

Morning Technical Notes for Monday January 18th Brookfield Infrastructure (BIP/UN), a TSX 60 stock moved above $68.38 extending an intermediate uptrend.   Pre-opening comments for Monday January 18th Canadian equity markets are mixed in quiet trade this morning in response to close of U.S. exchanges for the Martin Luther King Jr. holiday. The Shanghai Composite […]