Tech Talk for Tuesday March 27th 2018

U.S. equity index futures were higher this morning. S&P 500 futures were up 13 points in pre-opening trade.

Apple gained $0.93 to $173.70 prior to launch of new products later today.

Red Hat added $10.26 to $163.35 after reporting higher than consensus fourth quarter earnings. Stifel Nicolaus and RBC Capital raised their target price on the stock.

Newell Brands slipped $0.94 to $25.12 after SunTrust downgraded the stock to Hold from Buy.

McCormick gained $4.00 to 110.97 after fiscal first quarter earnings beat consensus estimates.

EquityClock's Daily Market Comment

Following is a link:

http://www.equityclock.com/2018/03/26/stock-market-outlook-for-march-27-2018/

Note seasonality charts for the PHLX Semiconductor Index, Intel and the Technology sector.

Don Vialoux on "Wolf on Bay Street"

Taped Friday afternoon. Following is a link:

https://globalnews.ca/toronto/program/the-wolfgang-klein-show

Observations

Nice bounce by the S&P 500 Index, Dow Jones Industrial Average and Dow Jones Transportation Averge from near their 200 day moving average!

U.S. Dollar Index and related ETF remains under technical pressure despite talks of another two increases in the Fed Fund rate this year.

Weakness in the U.S. Dollar Index is having a positive impact on gold and gold equities/ETFs.

Nice double bottom pattern completed by the Gold Bug Index yesterday!

StockTwits Released Yesterday @EquityClock

Technical action by S&P 500 stocks to 10:00: Quiet. No intermediate breakouts. Breakdown: $VIAB.

Editor's Note: After 10:00 AM EDT, breakdowns included NSC and CL. No breakouts.

IGM Financial $IGM.CA moved below $38.72 extending an intermediate downtrend.

Industrial Alliance $IAG.CA moved below $52.51 extending an intermediate downtrend.

HudBay Minerals $HBM.CA moved below $9.14 extending an intermediate downtrend.

Interfor $IFP.CA moved below $23.09 completing a double top pattern.

Canadian Utilities $CU.CA moved below $33.17 extending an intermediate downtrend.

Laurentian Bank $LB.CA moved below $48.09 extending an intermediate downtrend.

Stantec $STN.CA moved below $31.47 extending an intermediate downtrend.

Power Financial $PWF.CA moved below $31.81 extending an intermediate downtrend.

TransCanada PipeLines $TRP.CA, a TSX 60 stock moved below $52.05 extending an intermediate downtrend.

Facebook within points of fulfilling head and shoulders pattern which suggested a target of $147 $FB

Trader's Corner

Daily Seasonal/Technical Equity Trends for March 26th 2018

Green: Increase from previous day

Red: Decrease from previous day

Daily Seasonal/Technical Commodities Trends for March 26th 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 26th 2018

Green: Increase from previous day

Red: Decrease from previous day

Keith Richards' Blog

http://www.valuetrend.ca/let-show-begin/

Next Wealth 365 Conference: April 9-14th

An excellent conference featuring over 70 well known speakers! The conference is free and is done over the web. Following is a link:

https://summit.wealth365.com/register/

S&P Momentum Barometer

The Barometer jumped 13.20 to 28.80 yesterday. It remains intermediate oversold and showing signs of bottoming.

TSX Momentum Barometer

The Barometer gained 4.10 to 38.93 yesterday. It remains intermediate oversold and appears to be resuming an upward trend.

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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