Technical Notes Materials SPDRs (XLB) moved above $53.70 to an all-time high extending an intermediate uptrend. Strength in XLB was led by gains in base metal stocks. VALE, one of the largest base metal producers in the world moved above $14.74 completing a double bottom pattern. Southern Copper (SCCO) one of the world’s largest copper […]

Pre-opening Comments for Monday August 24th U.S. equity index futures were lower this morning. S&P 500 futures were down 15 points at 8:30 AM EDT. The Canadian Dollar dropped 0.35 to US72.27 from late Friday to this morning.after trade negotiations between Canada and the U.S. broke down. EquityClock’s Market Outlook for August 24th New all-time […]

Pre-opening Comments for Friday August 21st U.S. equity index futures were higher this morning. S&P 500 futures were up 38 points at 8:30 AM EDT. Ross Stores (ROST) added $18.31 to$247.30 after reporting higher than consensus second quarter results. The company also raised guidance. EquityClock’s Market Outlook for August 21st Manufacturers are extremely optimistic and […]

Pre-opening Comments for Thursday August 20th U.S. equity index futures are lower this morning. S&P 500 futures were down 45 points at 8:35 AM EDT. S&P 500 futures dropped 4 points following release of economic news at 8:30 AM EDT. Consensus for the August Philly Fed Index was a drop to 25.0 from 41.4 in […]

Pre-opening Comments for Wednesday August 19th U.S. equity index futures were mixed this morning. S&P 500 futures were up 3 points at 8:30 AM EDT. President Trump has halted imposing tariffs on selected Canadian items for the next three days pending completion of an agreement on trade. The Canadian Dollar added 0.12 to U.S. 72.07 […]