Tech Talk for Tuesday May 22nd 2018

U.S. equity index futures were higher this morning. S&P 500 futures were up 5 points in pre-opening trade.

Micron jumped $3.24 to $58.72 after announcing a $10 billion share buyback program. The company also announced an arrangement to provide specialty chips to Intel.

Adobe (ADBE $238.10) is expected to open higher after announcing an $8 billion extension to its share buyback program.

Macy's added $0.82 to $35.43 after Susquehanna upgraded the stock to Positive from Neutral. Target price was raised to $43 from $25.

Kohl's advanced $3.33 to $68.80 after reporting higher than consensus first quarter earnings. The company also raised its guidance.

EquityClock's Daily Market Comment

Following is a link:

http://www.equityclock.com/2018/05/19/stock-market-outlook-for-may-22-2018/

Note seasonality charts on Canada CPI, Canada Retail Trade and Live Cattle Futures.

Observation

Southern European equity markets (e.g. Turkey, Greece, Italy) are under technical pressure. Yesterday, the Greek ETF moved below $9.42 extending an intermediate downtrend.

StockTwits Released Yesterday @EquityClock

Fertilizer ETF $SOIL moved above $10.76 extending an intermediate uptrend.

Vietnam ETF $VNM moved below $17.36 extending an intermediate downtrend.

Mid-cap SPDRs $MDY moved above $356.23 extending an intermediate uptrend.

Transportation iShares $IYT moved above $195.00 and 4195.22 extending an intermediate uptrend.

Technical action by S&P 500 stocks to 10:00: Quietly mixed. Intermediate breakouts: $EMR $UTX. Breakdown: $BXP.

Editor's Note: After 10:00 AM EDT, intermediate breakouts included HON, HCA, RRC and JNPR. Breakdown: STZ

U.S. Healthcare Providers ETF $IHF moved above $172.72 to an all-time high extending an intermediate uptrend

Materials SPDRs $XLB moved above $60.25 setting new intermediate uptrend.

Trader's Corner

Daily Seasonal/Technical Equity Trends for May 21st 2018

Green: Increase from previous day

Red: Decrease from previous day

Daily Seasonal/Technical Commodities Trends for May 21st 2018

Green: Increase from previous day

Red: Decrease from previous day

Daily Seasonal/Technical Sector Trends for May 21st 2018

Green: Increase from previous day

Red: Decrease from previous day

Support for a worthy charity

Tech Talk supports our friend, Michael Campbell in Vancouver. In addition to hosting the weekly Money Talks radio show on Saturday mornings, Michael also is a leading organizer and supporter for Special Olympics. Following is his appeal ...

Dear       ,
You're probably busy but please take 3 minutes to read this email. I promise to get right to the point.  
I need your help raising money for Special Olympics. Specifically I am looking for auction items for the Special Olympics annual golf tournament on June 28th - the Goldcorp Invitational.  In addition, as chairman of the tournament I still need to find five $1,500 tee sponsors. (Tax deductible - so the net cost is more like $750.)  Come to think of it - that's not much to be in my good books forever.
If you're still reading, allow me to elaborate.
I'm old fashioned.  I think people should do a lot more than talk a good game.  I think they should actually "do" something.  As I said, that's an old fashioned attitude in a world where "virtue signaling" is all the rage.
I've been involved with Special Olympics since I had a nice blond/brown head of hair....about 1931. Okay, not quite but it's a long time. The reason is straightforward. People with intellectual disabilities are too often the forgotten members of our communities - and that's unacceptable to me.  Special Olympics changes that by providing programs that end isolation for literally thousands of people from as young as 2 to as old as 80 and creating a bridge to the community at large.
I've found volunteering for Special Olympics incredibly rewarding because of the direct impact.  Literally the more money we raise - the more individuals who can participate in programs like Active Start, which teaches motor skills for kids as young as two.
It means an extra child can get essential medical screening in our Healthy Athlete program. People with intellectual disabilities have a 40% higher risk for health issues, and just as important, only one in 50 primary care physicians have received clinical training that qualifies them to treat people with intellectual disabilities

Most of our athletes are not able to advocate for themselves when it comes to health program screens participants in a variety of areas including vision, dental, nutrition and physical therapy. The results to date have been incredible, and life saving in at least one instance I'm personally aware of where gum cancer was detected. 
I could go on about the many Special O programs that directly improve the lives of our athletes - and would be happy at any time to elaborate - but I think you get the picture. So the question is - can you help? Do you know people who might be willing to donate items, a recreational activity, their travel points - any good or service that would be popular in a charity auction? Or if you would like to make a personal donation you can do that directly by CLICKING HERE.
Or maybe you or someone you know would be willing to buy a $1,500 tee sponsorship. If they do I can promise to make it my business to let the world know of their generosity and commitment to our community.
I should finish by telling you that looking for opportunities to help Special Olympics is a huge reason I continue to do MoneyTalks. That's why I'm reaching out to you and hope you'll be able to help.
I understand all the demands made upon us - but I also understand that one of the best foundations of financial success comes from lending a hand to others.
Thanks for taking the time to read this.

Mike

PS If you can help with the golf tournament auction or sponsorships, or would like more information, please let me know by responding to this email. Grant or Mark from my office will follow up with you directly.

Copyright (C)2018 High Performance Communications Inc., All rights reserved.

Our mailing address is:
High Performance Communications Inc.
Suite 200, 100 Park Royal 
West Vancouver, BC V7T 1A2

S&P 500 Momentum Barometer

The Barometer added 5.60 to 63.40 yesterday. It returned to the intermediate overbought level from the intermediate neutral level.

TSX Momentum Barometer

The Barometer was unchanged yesterday at 72.02. It remains intermediate overbought.

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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