Tech Talk for Monday January 20th 2020

Jan 20 07:01 2020 Print This Article

Pre-opening Comments for Monday January 20th

World equity markets were mixed in quiet overnight trading. U.S. equity markets are closed for the Martin Luther King holiday. European equity indices moved slightly lower. Far East equity indices moved higher, led by a 20.29 point gain by the Shanghai Composite Index to 3,095.79.

The TSX Composite Index is expected to open slightly higher in quiet trade. Focus at the opening is on the energy sector. WTI Crude Oil added $0.35 to $58.89 in overnight trade following political unrest in Libya. TSX Energy iShares are expected to open higher.

 

The Bottom Line

Surprising strength by equity indices around the world last week with the exception of Far East indices! Once again, Apple, Facebook, Google, Netflix and Microsoft led the advance. These stocks have been described as “frothy”, but have yet to show signs of peaking.

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Timing the Market

Tech Talk is a free stock market letter service offering free daily reports on equity markets, sectors, commodities and exchangetraded funds. The Web site has recently received an average of 1.6 million hits per month from 130 countries.

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