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April 20, 2024 | Tech Talk for Saturday April 20th 2024

Don Vialoux

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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

Short term technical action by world markets remains focused on the Israel/Iran conflict. Growing uncertainties had a negative impact on equity markets and a positive impact on commodity prices last week.

First quarter earnings report season ramps up this week. Responses to results released to date have been mixed. Focuses this week are reports by five of the seven “Magnificent Seven” companies. Reports by Exxon Mobil and Chevron on Friday also will be watched closely.

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April 20th, 2024

Posted In: Tech Talk

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