Tech Talk: Market Momentum Drifts Lower, AAPL's Revenue Softens

April 27, 2016

2 minute read

StockTwits Released Yesterday @EquityClock

The weak spring housing market could have side effects on other areas of the economy.

Technical action by S&P 500 stocks to 10:30: Quietly bullish. Breakouts: $FOXA, $KHC, $AET, $HSIC. Breakdowns: $WYN, $HSY

Editor’s Note: After 10:30 AM EDT, breakouts included COH, AIG and NOC. Breakdowns included PG and FLIR

Canadian National Railway $CNR.CA broke support at $79.26 after lowering guidance.

Procter & Gamble $PG, a Dow Jones Industrial Average stock broke support at $79.83.

Trader’s Corner

Daily Seasonal/Technical Equity Trends for April 26^th 2016

Green: Increase from previous day

Red: Decrease from previous day

Daily Seasonal/Technical Commodities Trends for April 26^th 2016

Green: Increase from previous day

Red: Decrease from previous day

Daily Seasonal/Technical Sector Trends for March April 26^th 2016

Green: Increase from previous day

Red: Decrease from previous day

S&P 500 Momentum Barometer

[Tweet "The S&P 500 momentum barometer continues to drift lower"]

The S&P 500 momentum barometer continues to drift lower, down another 0.25%

TSX Momentum Barometer

[Tweet "The TSX momentum barometer continues to drift lower"]

The TSX momentum barometer continues to drift lower, down another 1.23%

Interesting Chart

[Tweet "Weakness in Apple is expected to spill into the NASDAQ 100"]

Apple plunged following release of quarterly results. The company also lowered guidance on margins. Weakness in Apple is expected to spill into the NASDAQ 100 at the opening today.

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Author

Don Vialoux, EquityClock.com

Don Vialoux is the author of free daily reports on equity markets, sectors, commodities and Exchange Traded Funds. All of the views expressed herein are his personal views although they may be reflected in positions or transactions in the various client portfolios. Daily reports are available at http://www.timingthemarket.ca.