Tech Talk for Friday April 3rd 2020

U.S. equity index futures were lower this morning. S&P 500 futures were down 6 points in pre-opening trade.

Index futures moved higher following release of the U.S. March Employment Report at 8:30 AM EDT. Consensus for March Non-farm Payrolls was a drop of 123,000 versus a revised gain of 275,000 in February. Actual was a drop of 701,000. Consensus for the March Unemployment Rate was an increase to 3.9% from 3.5% in February. Actual was an increase to 4.4%. Consensus for March Average Hourly Earnings was an increase of 0.2% versus a gain of 0.3% in February. Actual was an increase of 0.4%.

Tesla gained $81.64 to536.11 after announcing higher than consensus first quarter deliveries.

Twitter added $1.02 to $24.04 after Goldman Sachs upgraded the stock from Neutral to Buy.

Restaurants International slipped $0.06 to $34.75U.S. after Stifel Nicolaus lowered its target price from $76 to $60.

EquityClock's Daily Market Comment

Following is a link:

http://www.equityclock.com/2020/04/02/stock-market-outlook-for-april-3-2020/

Note seasonality charts on Non-farm Payrolls and Natural Gas Storage.

StockTwits released yesterday @EquityClock

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Trader's Corner

Editor's Comment: Note the commodities and sectors that moved above their 20 day moving average yesterday, an encouraging sign.

Equity Indices and related ETFs

Daily Seasonal/Technical Equity Trends for April 2nd 2020

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Seasonal/Technical Commodities Trends for April 2nd 2020

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for April 2nd 2020

Green: Increase from previous day

Red: Decrease from previous day

S&P 500 Momentum Barometer

The Barometer added 2.40 to 5.41 yesterday. It remains deeply intermediate oversold and continues to show early technical signs of bottoming.

TSX Momentum Barometer

The Barometer added 2.61 to 5.65 yesterday. It remains deeply intermediate oversold and continues to show early technical signs of bottoming.

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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