Tech Talk for Tuesday April 24th 2018

U.S. equity index futures were higher this morning. S&P 500 futures were up 16 points in pre-opening trade.

First quarter reports poured in since yesterday's close. Reporting companies included Alphabet, Biogen, Canadian National Railways, Caterpillar, Coca Cola, Corning, Freeport McMoran, Google, Harley Davidson, JetBlue, Lockheed Martin, MMM, Masco, Restaurant Brands International, Sherwin Williams, TD Ameritrade, Travelers, United Technologies and Verizon.

Alphabet slipped $3.01 to $1070.80 despite reporting higher than consensus first quarter results. Target on the stock was raised by Stifel Nicolaus, Monness and SunTrust.

Caterpillar added $5.81 to $159.90 after reporting higher than consensus first quarter results.

Verizon gained $1.59 to $50.26 after reporting higher than consensus first quarter results.

MMM dropped $10.29 to $205.59 after lowering guidance.

EquityClock's Daily Market Comment

Following is a link:

http://www.equityclock.com/2018/04/23/stock-market-outlook-for-april-24-2018/

Note seasonality charts on 10 Year Treasury Note Futures, U.S. Dollar Index, Existing Home Sales and Inventory of Existing Homes for Sale.

StockTwits released yesterday @EquityClock

Technical action by S&P 500 stocks to 10:15: Quiet. No intermediate breakouts. Breakdowns: $IBM $FBHS

Editor's Note: After 10:15 AM EDT, intermediate breakouts: ALK, OXY. Intermediate breakdowns: CBOE, AAPL.

U.S. Dollar ETF $UUP moved above $23.77 completing a double bottom pattern.

Apple $AAPL, a Dow Jones Industrial stock moved below $164.47 completing a double top pattern.

Trader's Corner

Daily Seasonal/Technical Equity Trends for April 23rd 2018

Green: Increase from previous day

Red: Decrease from previous day

Daily Seasonal/Technical Commodities Trends for April 23rd 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 23rd 2018

Green: Increase from previous day

Red: Decrease from previous day

S&P 500 Momentum Barometer

The Barometer added 1.40 to 49.40 yesterday. It remains intermediate neutral and trending up.

TSX Momentum Barometer

The Barometer added 2.07 to 62.40 yesterday. It remains intermediate overbought, but continues to trend up.

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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