Tech Talk for Wednesday March 28th 2018

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

Index futures were virtually unchanged following release of the final estimate for fourth quarter real GDP at 8:30 AM EDT. Consensus was an increase in growth to a 2.7% rate versus the previous estimate of 2.5%. Actual was 2.9%.

Lululemon gained $5.78 to $84.49 after reporting higher than consensus quarterly sales and earnings. RBC Capital and Susquehanna raised their target price on the stock.

Blackberry jumped $0.60 to $13.00 U.S. after reporting higher than consensus fiscal fourth quarter sales and earnings

Walgreen Boots added$1.44 to $67.40 after reporting higher than consensus fiscal second quarter sales and earnings. The company also raised its guidance.

Facebook added $1.18 to $153.40 after announcing changes that will allow individuals to alter their privacy settings.

EquityClock's Daily Market Comment

Following is a link:

http://www.equityclock.com/2018/03/27/stock-market-outlook-for-march-28-2018/

Note seasonality charts on the Technology sector, Alphabet, Amazon, Netflix and the Utilities sector.

Observations

Technicals have started to turn positive for natural gas.

'Tis the season for natural gas and "gassy" stocks to move higher to mid-June!

StockTwits Released Yesterday @EquityClock

More U.S. utility stocks complete double bottom patterns: $AEE $ES

Another Canadian gold stock completes a double bottom pattern: Detour Gold $DGC.CA moved above $13.43

Another Canadian insurance stock breaks support: Manulife $MFC.CA dropped below $23.66 extending an intermediate downtrend.

Gildan Activewear $GIL.CA, a TSX 60 stock moved below $36.40 extending an intermediate downtrend.

Cara Operations $CARA.CA moved above $28.16 extending an intermediate uptrend.

CI Financial $CIX moved below $27.25 extending an intermediate downtrend.

Trader's Corner

Daily Seasonal/Technical Equity Trends for March 27th 2018

Green: Increase from previous day

Red: Decrease from previous day

Daily Seasonal/Technical Commodities Trends for March 27th 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 27th 2018

Green: Increase from previous day

Red: Decrease from previous day

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S&P 500 Momentum Barometer

The Barometer dropped 5.20 to 23.60 yesterday. It remains intermediate oversold.

TSX Momentum Barometer

The Barometer dropped 5.47 to 33.47 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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