Tech Talk for Friday December 28th 2018

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

TransOcean (RIG $6.71) is expected to open higher after receiving a five year drilling contract from Chevron valued at $830 million.

Abercrombie & Fitch (ANF $19.28) is expected to open higher after Wedbush raised its target price to $19 from $17.

Aphria (APHA $7.57 Cdn) is expected to open higher after Green Growth Brands announced plan to buy the company at $11.00 Cdn per share.

Don Vialoux on Berman's Call

Join us on BNNBloomberg at 11:00 AM EST on Monday

Observations

Another wild and crazy day in U.S. equity markets! They opened lower, but closed higher. The Dow Jones Industrial Average closed up 260 points after recovering from a 612 point loss in mid-day trading.

StockTwits Released Yesterday @EquityClock

Technical action by S&P 500 stocks to 10:00: Nil

Editor's Note: After 10:00 AM EST, one S&P 500 stock broke intermediate support: Kroger. None broke resistance.

Trader's Corner

Equity Indices and related ETFs

Daily Seasonal/Technical Equity Trends for December 27th 2018

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for December 27th 2018

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for December 27th 2018

Green: Increase from previous day

Red: Decrease from previous day

http://www.equityclock.com/about/seasonal-advantage-portfolio/

S&P 500 Momentum Barometer

The Barometer gained 3.80 to 8.20 yesterday. First signs of a technical bottom!

TSX Momentum Barometer

The Barometer gained 5.74 to 21.31 yesterday. Signs of a technical bottom.

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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