Tech Talk for Thursday June 21st

Pre-opening Comments for Thursday June 21st

U.S. equity index futures were lower this morning. S&P 500 futures were down 2 points in pre-opening trade.

Index futures were virtually unchanged following release of economic news at 8:30 AM EDT. Consensus for Weekly Jobless Claims was 221,000 versus revised 221,000 last week. Actual was 218,000. Consensus for June Philly Fed Index was a slip to 28.0 from 34.4 in May. Actual was 19.9.

Bank of England maintained its overnight lending rate at 0.5%.

Kroger jumped $2.73 to $28.91 after reporting higher than consensus fiscal first quarter earnings. The company also raised its guidance.

Darden Restaurants added $11.82 to $105.09 after reporting higher than consensus fiscal fourth quarter earnings.

AMC gained $0.20 to $16.80 after Benchmark raised its rating on the stock to Buy from Hold. Target is $20.

EquityClock's Daily Market Comment

Following is a link:

http://www.equityclock.com/2018/06/20/stock-market-outlook-for-june-21-2018/

Note seasonality charts on MSCI World ex U.S., Crude Oil Days of Supply, Gasoline Days of Supply, Crude Oil and Existing Home Sales

StockTwits Released Yesterday @EquityClock

TSX Composite Index $TSX.CA moved above 16,421.42 to an all-time high extending an intermediate uptrend.

Technical action by S&P 500 stocks to 10:00: Bearish. Intermediate breakout: $WBA. Breakdowns: $SBUX $LNC $SWK $ORCL

Editor's Note: After 10:00 AM EDT, breakouts included ALXN and CVS. Breakdowns included LYB and BF.B

Walgreen $WBA, recent addition to the Dow Jones Industrial Average moved above $66.04 completing a base building pattern.

George Weston $WN.CA, a TSX 60 stock moved above $106.05 completing a reverse Head & Shoulders pattern.

Lundin Mining $LUN.CA moved below $7.88 to a lower trading range.

Dollarama $DOL.CA moved above $52.76 to resume an intermediate uptrend.

Toronto Dominion Bank $TD.CA moved above $76.81 to an all-time high extending an intermediate uptrend.

AMEX Biotech ETF $FBT moved above $147.10 to an all-time high extending an intermediate uptrend.

'Tis the season for strength in the Biotech sector! $FBT $IBB $BBH $XBI

Gasoline inventories touching the highest level since mid-March. Seasonal rise in stockpiles peaks on June 22nd, on average. $UGA $USO $XLE

US Existing Home Sales rebound by 16.5% (NSA) in May, well above the 10.3% average increase for the month. $MACRO #Economy #Housing

Trader's Corner

Daily Seasonal/Technical Equity Trends for June 20th 2018

Green: Increase from previous day

Red: Decrease from previous day

Daily Seasonal/Technical Commodities Trends for June 20th 2018

Green: Increase from previous day

Red: Decrease from previous day

Daily Seasonal/Technical Sector Trends for June 20th 2018

Green: Increase from previous day

Red: Decrease from previous day

S&P 500 Momentum Barometer

The Barometer slipped another 0.60 to 65.80. It remains intermediate overbought and rolling over.

TSX Momentum Barometer

The Barometer added 0.42 to 68.88. It remains intermediate overbought and rolling over.

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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