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ALWAYS CONSULT YOUR INVESTMENT PROFESSIONAL BEFORE MAKING ANY INVESTMENT DECISION

October 26, 2024 | Tech Talk for Saturday October 26th 2024

Donald Vialoux is author of the free blog Tech Talk, a daily investment report available during the past 20 years at www.timingthemarket.ca. Comments focus on the seasonal and technical outlook for equity indices, commodities and sectors. Mr. Vialoux has 53 years of experience in the investment industry and is a past president of the Canadian Society of Technical Analysts (CSTA).

The Bottom Line

Key focuses this week are on third quarter results released by some of the largest U.S. companies including:
Ford on Monday
Alphabet, McDonalds and Pfizer on Tuesday
Microsoft and Eli Lily on Wednesday
Apple and Amazon on Thursday
Exxon Mobil and Chevron on Friday

Volatility in U.S. equity markets (measured by the VIX Index) is expected to remain elevated until after the U.S. elections on November 5th. Current election polls show a “dead heat” in seven key states for the President race (with a slight momentum increase favouring Trump). Polls also show a “dead heat” for Senate seats (with Republicans leading by two additional
seats).

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October 26th, 2024

Posted In: Tech Talk

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