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Tech Talk for Friday June 24th 2022

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Pre-opening Comments for Friday June 24th U.S. equity index futures were higher this morning. S&P 500 futures added 27 points in pre-opening trade. Traders are waiting for release of May U.S. New Home Sales at 10:00 AM EDT. Consensus is a slip to 587,000 units from 591,000 units in April. FedEx advanced $5.77 to $233.90 […]

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Tech Talk for Thursday June 23rd 2022

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Pre-opening Comments for Thursday June 23rd U.S. equity index futures were higher at 7:30 AM EDT. S&P 500 futures were up 31 points in pre-opening trade. Federal Reserve Chairman continues his testimony today at 10:00 AM EDT before a House of Representative Committee Tesla slipped $1.77 to $706.49 after Morgan Stanley lowered its target price […]

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Tech Talk for Wednesday June 22nd 2022

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Pre-opening Comments for Wednesday June 22nd U.S. equity index futures were lower this morning. S&P 500 futures were down 61 points in pre-opening trade. Investors are waiting for testimony on monetary policy by Federal Reserve Chairman Powell to Congressional leaders today and tomorrow starting at 10:00 AM EDT. The Canadian Dollar was virtually unchanged at […]

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Tech Talk for Tuesday June 21st 2022

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Pre-opening Comments for Tuesday June 21st U.S. equity index futures were higher this morning. S&P 500 futures were up 57 points in pre-opening trade. The Canadian Dollar was virtually unchanged at US77.27 cents following release of Canada’s April Retail Sales report at 8:30 AM EDT. Consensus was an increase of 0.8% versus a gain of […]

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Tech Talk for Monday June 20th 2022

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The Bottom Line North American equity markets are extremely Oversold. Technical signs of an intermediate low have yet to be confirmed, but a mild recovery by broadly based indices on Friday gives early evidence of a developing bottom. Last week the “talking heads” on CNBC and Bloomberg attributed recent weakness by U.S. equity indices to […]

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