Tech Talk for Tuesday June 12th 2018

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

Index futures were virtually unchanged following release of the U.S. May Consumer Price Index. Consensus was an increase of 0.2% versus a gain of 0.2% in April. Actual was an increase of 0.2%. Excluding food and energy, consensus for the Index was an increase of 0.2% versus a gain of 0.1% in April. Actual was an increase of 0.2%.

The Canadian Dollar slipped another 0.12 to 76.89 after political rhetoric against Canada was ramped up by President Trump during an overnight press conference.

Twitter gained after JP Morgan raised its target price to $50 from $39.

American Eagle Outfitters added after JP Morgan raised its target price to $22 from $19.

EquityClock's Daily Market Comment

Following is a link:

http://www.equityclock.com/2018/06/11/stock-market-outlook-for-june-12-2018/ Note "Grave stone doji on the S&P 500 Index" comment.

Observations

Shanghai Composite Index touched a 13 month low yesterday.

Grain prices remain under technical pressure.

Media ETF soars to an all-time high in anticipation of consolidation in the industry. News comes after the close to day.

StockTwits Released Yesterday @EquityClock

Technical action by S&P 500 stocks to 10:00: Bullish. Intermediate breakouts: $EL $TSN $AMP $IR $NLSN $IR $NLSN $SRE $CI $KEY $FLR. No breakdowns.

Editor's Note : After 10:00 AM EDT, breakouts included SIVB, HII, AET, ETN, GGP, HUM, HSIC, KHC, BMY, DLPH, APA, ANSS and PKG. Breakdowns: FE, AEE

Suncor $SU.CA, a TSX 60 stock moved above $53.06 to a 10 year high extending an intermediate uptrend.

Agriculture ETF $MOO moved above $64.49 extending an intermediate uptrend. Surprising given the drop in grain prices!

Pharmaceutical ETF $PPH moved above $60.46 extending an intermediate uptrend.

BCE $BCE.CA, a TSX 60 stock moved above $55.19 completing a double bottom pattern.

'Tis the season for BCE to move higher to mid-September!

Trader's Corner

Daily Seasonal/Technical Equity Trends for June 11th 2018

Green: Increase from previous day

Red: Decrease from previous day

Daily Seasonal/Technical Commodities Trends for June 11th 2018

Green: Increase from previous day

Red: Decrease from previous day

Daily Seasonal/Technical Sector Trends for June 11th 2018

Green: Increase from previous day

Red: Decrease from previous day

S&P 500 Momentum Barometer

The Barometer added another 2.20 to 74.80 yesterday. It remains intermediate overbought.

TSX Momentum Barometer

The Barometer was unchanged yesterday at 69.58. It remains intermediate overbought and showing signs of 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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