Tech Talk for Friday February 23rd 2018

U.S. equity index futures were higher this morning. S&P 500 futures were up 11 points in pre-opening trade.

The Canadian Dollar moved higher following release of Canada's January Consumer Price Index. Consensus was an increase of 0.5% versus a decline of 0.4% in December. Actual was an increase of 0.7%.

Royal Bank (RY $102.16 Cdn) is expected to open higher after reporting higher than consensus operating earnings. The Bank also raised its dividend.

Blue Buffalo jumped $5.71 to $39.83 after General Mills offered to acquire the company at $40 per share. The all-cash deal is valued at $8 billion

FedEx gained $3.44 to $248.87 after Bernstein upgraded the stock to Outperform from Market Perform.

Jon Vialoux's EquityClock Daily Market Comment

Following is a link:

http://www.equityclock.com/2018/02/22/stock-market-outlook-for-february-23-2018/

Note seasonality charts on Crude Oil Days of Supply, Gasoline Days of Supply, Canadian Retail Trade and Auto & Components Industry

Media Appearances by Don Vialoux

Investor's Digest releases its latest electronic edition today. Published edition is released on Monday. The latest edition includes an overview on equity markets as well as favourable prospects for the base metal sector.

Listen to Wolf on Wall Street tomorrow at 7:00 AM EST on Radio 640 for equity market comments

Listen to Wall Street Raw hosted by Mark Leibovit tomorrow at 10:00 AM at http://www.gcnlive.com/JW1D/index.php#topADspace

Observations

Crude Oil prices have started to show seasonal strength both on a real and relative basis.

Energy stocks on both sides of the border also have strong seasonality through to the end of April.

StockTwits Released Yesterday @EquityClock

Technical action by S&P 500 stocks to 10:00: Quiet. No intermediate breakouts. Breakdown: $SRCL.

CCL Industries $CCL.B.CA , a TSX 60 stock moved above $60.95 setting an intermediate uptrend.

Stantec $STN.CA moved below $$33.83 completing a double top pattern.

Maple Leaf Foods $MFI.CA moved below $33.40 extending an intermediate downtrend.

TMX Group $X.CA moved above $77.72 extending an intermediate uptrend.

Editor's Note: Shares subsequent broke above $78.17 to an all-time high

Trader's Corner

Daily Seasonal/Technical Equity Trends for February 22nd 2018

Green: Increase from previous day

Red: Decrease from previous day

Daily Seasonal/Technical Commodities Trends for February 22nd 2018

Green: Increase from previous day

Red: Decrease from previous day

* Excludes adjustment from rollover of futures contracts

Daily Seasonal/Technical Sector Trends for February 22nd 2018

Green: Increase from previous day

Red: Decrease from previous day

S&P 500 Momentum Barometer

S&P 500 Momentum Barometer added 0.40 to 40.60 yesterday. It remains intermediate neutral after reaching an intermediate bottom.

TSX Momentum Barometer

The TSX Momentum Barometer was unchanged yesterday at 24.08. It remains intermediate oversold after reaching an intermediate 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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