Tech Talk for Friday July 31st 2020

Holiday Note

Monday is a holiday in Canada. Tech Talk will appear as usual.

Don Vialoux on Corus Radio 640

Join Don with Wolfe and Jack at 7:00 AM on Saturday for an update on markets at https://tunein.com/radio/Global-News-Radio-640-Toronto-s31152/

Technical Notes for July 30^th

Dow Jones Industrial Average briefly moved below its 20 and 50 day moving averages

QUALCOMM (QCOM), a NASDAQ 100 stock moved above $94.68 to an all-time high extending an intermediate uptrend.

ConocoPhillips (COP), an S&P 100 stock moved below $37.08 extending an intermediate downtrend.

Suncor (SU), a TSX 60 stock moved below $21.26 setting an intermediate downtrend.

Raytheon Technologies (RTX), a Dow Jones Industrial Average stock moved below $58.06 setting an intermediate downtrend

General Electric (GE), an S&P 100 stock moved below $58.06 setting an intermediate downtrend.

Colgate Palmolive (CL), an S&P 100 stock moved above $76.49 to an all-time high extending an intermediate uptrend

Responses to reports released after the close

All four FAANG companies reported higher than consensus quarterly revenues and earnings.

Facebook, up $10.00 to $244.50

Alphabet (GOOG L), up $9.92 to an all time high of $1,598.29

Apple, up $22.00 to all time high of $406.76. The company also announced a 4 for 1 stock split

Amazon up $166.47 to $3,200.00

Trader’s Corner

Equity Indices and related ETFs

Daily Seasonal/Technical Equity Trends for July 30^th 2020

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Seasonal/Technical Commodities Trends for July 30^th 2020

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for July 30^th 2020

Green: Increase from previous day

Red: Decrease from previous day

S&P 500 Momentum Barometer

The Barometer dropped 6.21 to 69.14 yesterday. It remains intermediate overbought.

TSX Momentum Barometer

The Barometer dropped 4.85 to 74.27 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