Tech Talk for Thursday April 26th 2018

U.S. equity index futures were higher this morning. S&P 500 futures were up 8 points in pre-opening trade. Index futures are responding to higher than consensus sales and earnings reported by most of the 31 S&P 500 companies that released quarterly results since yesterday's close.

European Central Bank maintained its key lending rates at current levels.

Index futures were virtually unchanged following release of economic news at 8:30 AM EDT. Consensus for Weekly Jobless Claims was 230,000 versus revised 233,000 last week. Actual was 209,000. Consensus for March Durable Goods Orders was an increase of 1.2% versus a revised gain of 3.5% in February. Actual was an increase of 2.6%. Excluding transportation, consensus for March Durable Goods Orders was a gain of 0.4% versus a revised increase of 0.9% in February. Actual was a drop of 0.1%.

Facebook gained $11.94 to $171.63 after reporting higher than consensus first quarter results.

Visa advanced $3.30 to $124.51 after reporting higher than consensus first quarter results.

PayPal added $3.30 to $77.30 after reporting higher than consensus first quarter results.

Husky Energy (HSE $19.09 Cdn) is expected to open higher after reporting higher than consensus first quarter results.

EquityClock's Daily Market Comment

Following is a link:

http://www.equityclock.com/2018/04/25/stock-market-outlook-for-april-26-2018/

Note seasonality charts on Crude Oil Days of Supply, Gasoline Days of Supply and Crude Oil.

StockTwits released yesterday @EquityClock

Technical action by S&P 500 stocks to 10:00: Bearish. Breakdowns: $MHK $GT $COTY $MS $MYL $GD $LMT $UTX $APH $NVDA $TEL $AVY $CHTR $HII.

Editor's Note: After 10:00 AM EDT, breakdowns included EA, REG, PRGO, TRIP and TSS. Breakouts: CTL, AET

United Technologies $UTX, a Dow Jones Industrial stock moved below $120.66 extending an intermediate downtrend.

Teck Resources $TECK $TECK.B.CA, a TSX 60 stock moved below $24.49 U.S. extending an intermediate downtrend.

Aecon $ARE.CA moved below $17.98 extending an intermediate downtrend.

Canadian Pacific $CP.CA, a TSX 60 stock moved above $233.35 in anticipation of a labour agreement.

Trader's Corner

Daily Seasonal/Technical Equity Trends for April 25th 2018

Green: Increase from previous day

Red: Decrease from previous day

Daily Seasonal/Technical Commodities Trends for April 25th 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 25th 2018

Green: Increase from previous day

Red: Decrease from previous day

S&P 500 Momentum Barometer

The Barometer added 1.00 to 43.00 yesterday. It remains intermediate neutral.

TSX Momentum Barometer

The Barometer added 1.48 to 59.50 yesterday. It remains intermediate neutral.

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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