Pre-opening Comments for Thursday October 6^th

U.S. equity index futures were lower this morning. S&P 500 futures at 7:30 AM EDT were down 18 points.

Costco added $2.28 to $482.60 after announcing a sales gain in September of 10.1%.

Ford gained $0.04 to $12.55 after announcing an increase in the price of its electric F150 pickup truck.

Companies scheduled to report quarterly results today include Constellation Brands and ConAgra

 

EquityClock’s Daily Comment

Headline reads “An abrupt surge in gasoline product supplied has elevated this metric of demand to the highest level of the year”. Following is the link:

http://www.equityclock.com/2022/10/05/stock-market-outlook-for-october-6-2022/

 

Technical Notes for yesterday

Schlumberger $SLB an S&P 100 stock moved above $40.71 extending an intermediate uptrend.

Trip.com $TCOM a NASDAQ 100 stock moved above $30.03 extending an intermediate uptrend.

Dollarama $DOL.TO a TSX 60 stock moved above $83.44 to an all-time high extending an intermediate uptrend.

 

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for October 5^th 2022

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for October 5^th 2022

Green: Increase from previous day

Red: Decrease from previous day

 

Sectors

Daily Seasonal/Technical Sector Trends for October 5^th 2021

Green: Increase from previous day

Red: Decrease from previous day

 

Link offered by valued provider

Mark Bunting and www.uncommonsenseinvestor.com offered the following:

Focus on These "Three Buckets" For Your Investments – Uncommon Sense Investor

 

S&P 500 Momentum Barometers

The intermediate term Barometer added 0.80 to 22.00 yesterday. It remains Oversold. Short term trend remains up.

The long term Barometer slipped 0.20 to 22.60 yesterday. It remains Oversold.

 

TSX Momentum Barometers

The intermediate term Barometer slipped 3.39 to 43.22 yesterday. It remains Neutral.

The long term Barometer slipped 0.85 to 31.36 yesterday. It remains Oversold.

Disclaimer: Seasonality ratings 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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