Tech Talk for Thursday July 30th 2020

Responses to FOMC meeting comments released at 2:00 PM EDT Yesterday

U.S. equity indices moved slightly higher

The U.S. Dollar Index ETN initially moved higher, but closed near its 2:00 PM price.

U.S. long term bond prices moved higher.

Commodity prices moved higher

Technical Notes for July 29^th

Seagate Technologies (STX), a NASDAQ 100 stock moved below $45.93 and $45.50 setting an intermediate downtrend.

Costar (CSGP), a NASDAQ 100 stock moved above $747.11 extending an intermediate uptrend.

Agriculture ETFs on both sides of the border extended intermediate uptrends. COW moved above Cdn$38.98 and MOO moved above US$64.00.

Boeing (BA), a Dow Jones Industrial Average stock moved below $167.60 setting an intermediate downtrend.

Healthcare Providers iShares (IHF) moved above 206.37 to an all-time high extending an intermediate uptrend.

Liberty Global (LBTYK), a NASDAQ 100 stock moved above $23.41 extending an intermediate uptrend.

PayPal (PYPL), a NASDAQ 100 stock moved above $183.99 to an all-time high extending an intermediate uptrend.

CGI Group (GIB GIB.A), a TSX 60 company moved above $US 69.54 and $Cdn92.96 extending an intermediate uptrend.

Trader’s Corner

Equity Indices and related ETFs

Daily Seasonal/Technical Equity Trends for July 29^th 2020

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Seasonal/Technical Commodities Trends for July 29^th 2020

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for July 29^th 2020

Green: Increase from previous day

Red: Decrease from previous day

Greg Schnell’s “Market Buzz”

Greg discusses “A Restart For This Fast Moving Industry”. Greg looks at interesting charts in the marijuana industry. Following is a link:

https://www.youtube.com/watch?v=LLel3CSg9DM&feature=youtu.be

S&P 500 Momentum Barometer

The Barometer advanced 8.22 to 75.35 yesterday. It remains intermediate overbought.

TSX Momentum Barometer

The Barometer added 5.34 to 79.13 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