Tech Talk for Wednesday July 29th 2020

Responses to Reports Released after the Close Yesterday

Starbucks gained $1.78 to$76.42 after reporting higher than consensus fiscal third quarter revenues and earnings.

Advanced Micro Devices soared $7.02 to an all-time high of $74.64 after reporting higher than consensus quarterly revenues and earnings. The company also raised guidance.

eBay dropped $2.19 to $54.16 despite reporting higher than consensus third quarter revenues and earnings.

Amgen dropped $2.90 to $252.37 after reporting lower than consensus second quarter earnings.

Visa fell $4.49 to $192.25 after announcing a less than consensus revenue recovery in its travel sector.

Trader’s Corner

Equity Indices and related ETFs

Daily Seasonal/Technical Equity Trends for July 28^th 2020

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Seasonal/Technical Commodities Trends for July 28^th 2020

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for July 28^th 2020

Green: Increase from previous day

Red: Decrease from previous day

S&P 500 Momentum Barometer

The Barometer dropped another 5.61 to 67.13 yesterday. It remains intermediate overbought and trending down.

TSX Momentum Barometer

The Barometer added 2.29 to 73.79 yesterday. It remains intermediate 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