Tech Talk for Thursday March 29th 2018

Tech Talk will not be publishing tomorrow, Good Friday.   Next report is to be released on Monday April 2nd.     Have a Happy Easter weekend.

Pre-opening Comments for Thursday March 29th

U.S. equity index futures were higher this morning. S&P 500 futures were up 9 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 a dip to 228,000 from revised 227,000 last week. Actual was 215,000. Consensus for February Personal Income was an increase of 0.4% versus a gain of 0.4% in January. Actual was an increase of 0.4%. Consensus for February Personal Spending was an increase of 0.2% versus a gain of 0.2% in January. Actual was an increase of 0.2%.

Constellation Brands added $6.75 to $227.24 after reporting higher than consensus fourth quarter earnings. The company also increased its dividend by 42%.

Dollarama (DOL $155.25 Cdn.) is expected to open higher after reporting higher than consensus quarterly earnings. The company also increased its dividend by 9%.

Starbucks slipped $0.65 to $57.25 after Wedbush downgraded the stock to Neutral from Outperform.

Boeing gained $2.93 to $322.95 after Barclay's upgraded the stock to Overweight.

Jon Vialoux's EquityClock Daily Market Comment

Following is a link:

http://www.equityclock.com/2018/03/28/stock-market-outlook-for-march-29-2018/

Note seasonality charts on U.S. REITs, Canadian REITs, EAFE, Crude Oil days of Supply, Gasoline days of Supply, Crude Oil, U.S. Imports, U.S. Exports and Copper

StockTwits Released Yesterday @EquityClock

Technical action by S&P 500 stocks to 10:00: Quietly bearish. No intermediate breakouts. Breakdowns: $BA $GOOG $RHT $GOOGL

Editor's Note: After 10:00 AM EDT, breakout included HCP and breakdowns included LH, BAC, AVGO, XRX, CCL, MAS, FCX and ALB

One of the FANG stocks $GOOG $GOOGL moved below support completing double top patterns.

More base metal equities/ETFs breaking support completing double top patterns $VALE $PICK

Metals & Mining SPDRs $XME (coal, steel, mining) moved below $33.13 completing a double top pattern.

Lithium ETN $LIT moved below $13.36 extending an intermediate downtrend.

Cascades $CAS.CA moved below $13.36 extending an intermediate downtrend.

Badger Daylighting $BAD.CA moved above $24.30 completing a double bottom pattern.

Aerospace/Defence ETF $PPA moved below $55.88 completing a double top pattern.

Another base metal stock completed a double top pattern. $FCX moved below $16.54.

Franco-Nevada $FNV $FNV.CA moved below $85.47 Cdn. extending an intermediate downtrend.

REITs bouncing between support and resistance within period of seasonal strength. equityclock.com/2018/03/28/… $IYR $XRE.CA

#Oil days of supply continues to suggest an earlier than average seasonal peak as demand for product commodities remains strong. $USO $XLE

Significant battle at the 200 day moving average as investors attempt to hold the long-term rising trend.

Trader's Corner

Daily Seasonal/Technical Equity Trends for March 28th 2018

Green: Increase from previous day

Red: Decrease from previous day

Daily Seasonal/Technical Commodities Trends for March 28th 2018

Green: Increase from previous day

Red: Decrease from previous day

* Excludes adjustment from rollover of futures contracts

Daily Seasonal/Technical Sector Trends for March 28th 2018

Green: Increase from previous day

Red: Decrease from previous day

Keith Richards' Blog

http://www.valuetrend.ca/safety-bike-riding-tech-stock-trading/

S&P 500 Momentum Barometer

The Barometer dipped 0.60 to 23.00 yesterday. It remains intermediate oversold

TSX Momentum Barometer

The Barometer added 0.14 to 33.61 yesterday. It remains intermediate oversold.

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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