Tech Talk for Thursday November 15th 2018

U.S. equity index futures were lower this morning. S&P 500 futures were down 4 points in pre-opening trade.

U.S. equity index futures moved lower following release of economic news at 8:30 AM EST. Consensus for Weekly Jobless Claims was 215,000 versus 214,000 last week. Actual was 216,000. Consensus for October Retail Sales was a gain of 0.4% versus an increase of 0.1% in September. Actual was a gain of 0.8%. Excluding auto sales, consensus for October Retail Sales was an increase of 0.5% versus a decline of 0.1% in September. Actual was an increase of 0.7%. Consensus for November Empire State Manufacturing Survey was a slip to 20.5 from 21.1 in October. Actual was 23.3. Consensus for the Philly Fed Index was a slip to 20.9 from 22.2 in October. Actual was 12.9.

Wal-Mart (WMT $102.94) is expected to open higher after reporting higher than consensus third quarter earnings. The company also raised guidance for the fourth quarter.

Cisco gained $1.62 to $45.95 after reporting higher than consensus fiscal first quarter sales and earnings.

JC Penney dropped $0.15 to $1.07 after reporting lower than consensus third quarter sales.

PayPal (PYPL $) is expected to open higher after Barclays launched coverage on the Payment and Processing sector. PayPal was rated "Top Pick"

EquityClock's Daily Market Comment

Following is a link:

http://www.equityclock.com/2018/11/14/stock-market-outlook-for-november-15-2018/

Note seasonality chart on the U.S. Consumer Price Index

StockTwits Released Yesterday @EquityClock

Cineplex $CGX.CA moved below $32.34 and $31.08 setting an intermediate downtrend.

Tahoe Resources $THO.CA moved above $3.99 setting an intermediate uptrend.

Editor's Note: Pan American Silver offered to purchase the company.

Technical action by S&P 500 stocks to 10:00: Quiet. Intermediate breakouts: $FL $EQR. Breakdown: $PGR

Editor's Note: After 10:00 AM EST, breakout: EXR. Breakdowns: CELG, NOV, DVA, KSU, ZBH, VLO, CAG, MO, AMG, IVZ, ALL and PGR.

Methanex $MX.CA $MEOH moved below $$80.65 Cdn..and $61.63 U.S. extending an intermediate downtrend.

Trader's Corner

Equity Indices and related ETFs

Daily Seasonal/Technical Equity Trends for November 14th 2018

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for November 14th 2018

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for November 14th 2018

Green: Increase from previous day

Red: Decrease from previous day

S&P 500 Momentum Barometer

The Barometer dropped another 4.00 to 33.20 yesterday. It remains intermediate oversold.

TSX Momentum Barometer

The Barometer added 2.09 to 32.22 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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