Tech Talk for Tuesday September 18th 2018

Sep 18 06:09 2018 Print This Article

Pre-opening Comments for Tuesday September 18th

U.S. equity index futures were higher this morning. S&P 500 futures were up 4 points in pre-opening trade.

FedEx dropped $6.22 to $249.51 after reporting lower than consensus fiscal first quarter earnings.

Oracle dropped $1.87 to $47.31 after reporting lower than consensus fiscal first quarter revenues.

Red Hat fell $2.37 to $142.00 after JP Morgan lowered its target price to $150 from $160.

Facebook fell $1.61 to $58.97 after JP Morgan lowered its target price to $195 from $205.

 

EquityClock’s Daily Market Comment

Following is a link:

http://www.equityclock.com/2018/09/17/stock-market-outlook-for-september-18-2018/

Note seasonality chart on the Empire State Manufacturing Survey.

 

Observations

British Pound moved above 131.32 signalling completion of a bottoming pattern.

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About Article Author

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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