Tech Talk for Friday December 27th 2019

U.S. equity index futures were higher this morning. S&P 500 futures were up 8 points in pre-opening trade.

The TSX 60 Index is expected to open at an all-time high this morning. Previous all-time high was 1,024.47

Observations

The CRB Index and its related ETN broke above 16.26 to a new high yesterday.

Strength in the CRB Index yesterday is attributed mainly to strength in precious metal prices. Related precious metal equity prices responded. Nice breakout by the Gold Bug Index above 237.34 extending an intermediate uptrend!

StockTwits released yesterday @EquityClock

Gasoline ETN $UGA moved above $33.24 extending an intermediate uptrend.

Teck Resources $TECK, a TSX 60 stock moved above $17.46 U.S. completing a double bottom pattern.

Amazon $AMZN, an S&P 100 stock moved above $1824.69 and 1853.66 extending an intermediate uptrend.

Editor's note: The stock responded to higher than consensus sales during the Christmas season.

Trader's Corner

Equity Indices and related ETFs

Daily Seasonal/Technical Equity Trends for December 26th 2019

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for December 26th 2019

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for December 26th 2019

Green: Increase from previous day

Red: Decrease from previous day

S&P 500 Momentum Barometer

The Barometer added 0.60 to 81.16 yesterday. It remains intermediate overbought, but has yet to show signs of peaking.

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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