Tech Talk for Friday April 20th 2018

U.S. equity index futures were mixed this morning. S&P 500 futures were unchanged in pre-opening trade.

First quarter earnings continue to pour in. Companies that reported since the close yesterday included General Electric, Honeywell, Rogers Communications, Schlumberger, Stanley Black & Decker, State Street, SunTrust and Waste Management.

The Canadian Dollar dropped US 0.37 to 78.76 cents following release of economic news at 8:30 AM EDT. Consensus for the March Canadian Consumer Index was 2.4% on an annual basis. Actual was 2.3%. Consensus for February Canadian Retail Sales was an increase of 0.5% versus a gain of 0.3% in January. Actual was an increase of 0.4%.

Rogers Communications (RCI.B $57.95 Cdn) is expected to open higher after reporting higher than consensus first quarter earnings.

General Electric gained $0.97 to $14.98 after reporting higher than consensus first quarter earnings.

EquityClock's Daily Market Comment

Following is a link:

http://www.equityclock.com/2018/04/19/stock-market-outlook-for-april-20-2018/

Note seasonality charts on the Financial sector, Philly Fed Index, CRB Index, Natural Gas Storage, Natural Gas and Swiss Franc

StockTwits Released Yesterday @EquityClock

Technical action by S&P 500 stocks to 10:00: Bearish. Breakout: $AXP. Breakdowns: $CLX $KMB $MO $PG $PM $QCOM.

Editor's Note: After 10:00 AM EDT, breakouts included CXO, PNR, RHI and GE. Breakdowns included PBCT, HOG, JWN, KSS, LEN, SWKS, PEP and GPS.

Procter & Gamble $PG a Dow Jones Industrial stock moved below $75.11 extending an intermediate downtrend.

American Express $AXP, a Dow Jones Industrial stock moved above $101.28 setting an intermediate uptrend.

Editor's Note: The stock subsequently moved above $102.00 to an all-time high.

Dollarama $DOL.CA moved below $147.28 and $147.35 completing a Head & Shoulders pattern.

General Electric $GE, a Dow Jones Industrial stock moved above $13.95 completing a double bottom pattern.

Shipping activity slightly weaker than average in March, but expenditures still showing above average growth #Economy $MACRO

Manufacturing sentiment surveys continue to come in strong. Philly Fed showing 31.4 (NSA) versus April average of 19.4. #Economy $MACRO

Trader's Corner

Daily Seasonal/Technical Equity Trends for April 19th 2018

Green: Increase from previous day

Red: Decrease from previous day

Daily Seasonal/Technical Commodities Trends for April 19th 2018

Green: Increase from previous day

Red: Decrease from previous day

* Excludes adjustment from rollover of futures contracts

Daily Seasonal/Technical Sector Trends for April 19th 2018

Green: Increase from previous day

Red: Decrease from previous day

S&P 500 Momentum Barometer

The Barometer dropped 8.20 to 53.40 yesterday. It fell back to intermediate Neutral from Intermediate Overbought, but continues to trend higher.

TSX Momentum Barometer

The Barometer slipped 3.73 to 60.58 yesterday. It remains intermediate overbought and trending higher.

Disclaimer: Seasonality and technical ratings offered in this report and at

www.equityclock.com are for information only. They should not be considered as advice to purchase or to sell mentioned securities. Data offered in this report is believed to be accurate, but is not guaranteed

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