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 economic news at 8:30 AM EST. Consensus for Weekly Jobless Claims was a slip to 230,000 from 231,000 last week. Actual was a slip to 226,000. Consensus for March Philly Fed Index was a drop to 23.3 from 25.8 in February. Actual was a drop to 22.3. Consensus for the Empire State Manufacturing Survey was an increase to 14.6 from 13.1 in February. Actual was an increase to 22.5.
ADT gained $0.56 to $10.77 after reporting higher than consensus quarterly earnings.
Signet Jewelers dropped another $-/62 to $37.60 after Susquehanna lowered its target price to $35 from $52.
Dollar General gained $5.80 to $95.00 after announcing higher than consensus same store sales. The company also announced a share buy-back program and raised its guidance.
EquityClock's Daily Market Comment
Following is a link:
http://www.equityclock.com/2018/03/14/stock-market-outlook-for-march-15-2018/
Note seasonality charts on the Industrial sector, Materials sector, Crude Oil Days of Supply, Gasoline Days of Supply, Retail Trade and the Retail Industry.
StockTwits Released Yesterday @EquityClock
Technical action by S&P 500 stocks to 10:00: Bullish. Breakouts: $F $EIX $NEE $SJM. Breakdown: $MAT
First Quantum Minerals $FM.CA, a TSX 60 stock moved above $21.71 to a 3 year high extending an intermediate uptrend.
'Tis the season for First Quantum Minerals $FM.CA to move higher to mid-May!
Saputo $SAP.CA , a TSX 60 stock moved above $41.24 completing a double bottom pattern.
20 year Treasury Bond iShares $TLT moved above $119.62 completing a short term double bottom pattern.
Celestica $CLS.CA $CLS, one of Canada's largest tech companies moved above $14.59 completing a double bottom pattern.
'Tis the season for Celestica $CLS to move higher to early May!
PPI for All Commodities up 1.5% (NSA) in first two months of year, more than double the historical average. #Inflation #Economy $MACRO
US Retail Trade lower by 2.1% in February, well below the 0.1% decline that is average for month. #Economy $MACRO $XRT $RTH
Trader's Corner
Daily Seasonal/Technical Equity Trends for March 14th 2018
Green: Increase from previous day
Red: Decrease from previous day
Daily Seasonal/Technical Commodities Trends for March 14th 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 14th 2018
Green: Increase from previous day
Red: Decrease from previous day
S&P 500 Momentum Barometer
The Barometer dropped 4.60 to 46.50 yesterday. It remains intermediate neutral.
TSX Momentum Barometer
The Barometer added 1.63 to 40.41 yesterday. It changed to intermediate neutral from 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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