Tech Talk for Friday August 23rd 2019

U.S. equity index futures moved higher this morning. S&P 500 futures were down 17 points in pre-opening trade. Index futures moved lower following news that China plans to impose new tariffs on September 1st on an additional goods valued at $75 billion.

U.S. Investors are waiting for comments on monetary policy to be released at the Jackson Hole symposium this morning at 10:00 AM EDT.

The Canadian Dollar was virtually unchanged at U.S.75.00 cents following release of June Canadian Retail Sales. Consensus was a drop of 0.2% versus a slip of 0.3% in May. Actual was unchanged.

Salesforce.com jumped $9.37 to $157.61 after reporting higher than consensus second quarter revenues and earnings. The company also raised guidance.

Gap stores slipped $0.28 to $17.47 after reporting less than consensus second quarter sales.

Intuit jumped $15.04 to $290.75 after reporting higher than consensus fiscal fourth quarter revenues and earnings.

Hasbro dropped $4.55 to $109.80 following news of a cash deal to purchase Entertainment One for $4 billion.

EquityClock's Daily Market Comment

Following is a link:

http://www.equityclock.com/2019/08/22/stock-market-outlook-for-august-23-2019/

Note seasonality chart on Margin Debt.

StockTwits released yesterday @EquityClock

Synopsys $SNPS, a NASDAQ 100 stock moved above $138.72 to an all-time high extending an intermediate uptrend.

Aerospace & Defense ETF $PPA moved above $67.20 to an all-time high extending an intermediate uptrend.

India ETF $PIN moved below $22.61 extending an intermediate downtrend

KLA Tencor $KLAC, a NASDAQ 100 stock moved above $143.15 to an all-time high extending an intermediate uptrend.

Trader's Corner

Equity Indices and related ETFs

Daily Seasonal/Technical Equity Trends for August 22nd 2019

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for August 22nd 2019

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for August 22nd 2019

Green: Increase from previous day

Red: Decrease from previous day

S&P 500 Momentum Barometer

The Barometer added 0.40 to 45.00 yesterday. It remains intermediate neutral.

TSX Momentum Barometer

The Barometer dropped 4.07 to 43.78 yesterday. It remains intermediate neutral.

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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