Tech Talk for Thursday September 30th 2021

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Editor’s Note

Next Tech Talk report is scheduled to be released on Monday October 4th

Pre-opening Comments for Thursday September 30th

U.S. equity index futures were higher this morning. S&P 500 futures were up 17 points at 7:00 AM EDT

U.S. equity index futures were waiting for release of an updated annualized second quarter real GDP growth report at 8:30 AM EDT. Consensus is unchanged from the previous estimate at 6.6%.

Today is a partial holiday in Canada. The Toronto Exchange is open, but federally regulated services are closed.

Starbucks added $0.23 to $112.40 after the company announced a 9% increase in its quarterly dividend.

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Fortis gained $0.17 to US$44.25 after the company announced a 6% increase in its quarterly dividend.

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EquityClock’s Daily Comment

Following is a link:

http://www.equityclock.com/2021/09/29/stock-market-outlook-for-september-30-2021/

Technical Notes released yesterday at

StockTwits.com@EquityClock

Large-cap benchmark confirming previous trend channel support as resistance. equityclock.com/2021/09/28/… $SPX $SPY $ES_F

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Silver iShares $SLV moved below $20.45 completing a Head & Shoulders pattern

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Coffee ETN $JJOFF moved below $14.41 completing a double top pattern.

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Open Text $OTEX a TSX 60 stock moved below intermediate support at US$48.82.

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Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for September 29th 2021

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Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for September 29th 2021

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Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for September 29th 2021

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Green: Increase from previous day

Red: Decrease from previous day

All seasonality ratings are based on performance relative to the S&P 500 Index

Comments and video from valued providers

Market Buzz by Greg Schnell

As The Market Sells Off, Where Will We See The Buyers? | Greg Schnell, CMT (09.29.21) – YouTube

Thank you to Mark Bunting and www.uncommonsenseinvestor.com for a link to the following:

Investing or Gambling? What to Know About Risk, Robinhood & Gamification. – Uncommon Sense Investor

S&P 500 Momentum Barometers

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The intermediate Barometer added 1.60 to 34.87 yesterday. It remains Oversold.

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The long term Barometer added 1.00 to 70.54 yesterday. It remains Overbought.

TSX Momentum Barometers

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The intermediate term Barometer added 0.63 to 34.74 yesterday. It remains Oversold.

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The long term Barometer slipped 0.18 to 61.97 yesterday. It remains 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




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