Comerica is a financial services company headquartered in Dallas. It is primarily focused on relationship-based commercial banking. In addition to Texas, Comerica's other primary geographies are California and Michigan, with locations also in Arizona and Florida and select businesses operating in several other states as well as Canada and Mexico.

Based in Dallas, Comerica has 430 bank locations in Texas, California, Michigan, Arizona, and Florida, with some select business lines in several other states, as well as in Canada and Mexico. The company organizes its business into three segments: The Commercial Bank, The Retail Bank, and Wealth Management.

The trading week that ended on Friday July 19 was tough for stocks. As a result, the major indices worked off extreme overbought conditions on the daily charts, and quickly. But the daily uptrends in the 14-day relative strength index and the daily moving-average convergence/divergence were broken. The more worrisome condition existed with the high-beta indices like the Nasdaq 100 (QQQ). It broke an uptrend off the lows since early May, the 21-day rate of change was in negative territory, there had been multiple days of distributive action, the five-day/13-day exponential crossover was bearish, and price was sitting on the prior low from June 24 near $474. In addition, the biggest QQQ issues either were close to breaking or have had broken below their 50-day averages. But on Monday, July 22, it was semiconductors to the rescue! The major semi indices/ETFs spiked over 4% after taking it on the chin (though not really, considering how far they have come) since July 10. The chip stocks propelled the Information Technology sector and the sector reignited the Nasdaq, Nasdaq 100 (QQQ), and the S&P 500 (SPX). And it wasn't just tech, as nine of the 11 SPX sectors rose. The semi heavyweights did their usual thing, with NVDA up 5%, ASML +5.3%, QCOM +4.7%, AMAT +6.3%, LRCX +6.6%, and KLAC +6%. Yet it was only one day and the indices and ETFs rebounded only to the underside of their five-day exponential moving averages (EMAs). All of them remained on five-/day13-day EMA crossover sell signals and all have broken their uptrends off the early May secondary lows. The S&P 400 bounced 1.3% after hitting its 13-day EMA, and the Russell 2000 popped 1.7%, rebounding off its 10-day EMA. For the indices, there isn't a lot of resistance overhead and new all-time highs are not far away. It's very possible that the upcoming earnings reports will decide the short-term fate of the market, and it is also possible that the bearish seasonals may dictate the near term. Looking out to the end of 2024 and into 2025, there seems to be significant evidence that new highs will be posted, this based on historical studies that detail what prices have done since October 2022 as well as October 2023. In addition, based on the width and depth of the base traced out in 2022 and 2023, there are measured moves that target higher prices.

Comerica is a financial services company headquartered in Dallas. It is primarily focused on relationship-based commercial banking. In addition to Texas, Comerica's other primary geographies are California and Michigan, with locations also in Arizona and Florida and select businesses operating in several other states as well as Canada and Mexico.