Tech Talk for Friday January 10th 2020

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

Index futures were virtually unchanged following release of the December Employment Report at 8:30 AM EST. Consensus for December Non-farm Payrolls was a drop to 165,000 from 266,000 in November. Actual was 145,000. Consensus for December Unemployment Rate was unchanged from November at 3.5%. Actual was unchanged at 3.5%. Consensus for December Average Hourly Earnings was an increase of 0.3% versus a gain of 0.2% in November. Actual was an increase of 0.1%.

The Canadian Dollar added 0.15 to U.S.76.67 cents following release of Canada's December Employment Report at 8:30 AM EST. Consensus for December Employment was an increase of 24,000 versus a drop of 71,200 in November. Actual was 35,200. Consensus for the December Unemployment Rate was 5.8% versus 5.9% in November. Actual was a drop to 5.6%.

Urban Outfitters dropped $2.29 to $25.40 after announcing lower than consensus sales in November and December.

Deere added $0.02 to $177.62 after Stifel Nicolaus raised its target price to $190 from $175.

Lennar gained $0.51 to $58.20 after announcing a triple increase in its dividend to 12.5 cents per quarter.

Foot Locker dropped $0.84 to $37.70 after Susquehanna downgraded the stock to Neutral from Positive. Target was reduced to $41 from $47.

EquityClock's Daily Market Comment

Following is a link:

http://www.equityclock.com/2020/01/09/stock-market-outlook-for-january-10-2020/

Note seasonality chart on Initial Jobless Claims

StockTwits released yesterday @EquityClock

S&P/TSX 60 Index $XIU.CA moved above 1,024.47 to an all-time high extending an intermediate uptrend.

Starbucks $SBUX, an S&P 100 stock moved above $89.30 on an analyst upgrade extending an intermediate uptrend.

Kraft Heinz $KHC, an S&P 100 stock moved below $30.16 setting an intermediate downtrend.

Synopsys $SNPS, a NASDAQ 100 stock moved above $146.66 to an all-time high extending an intermediate uptrend

Texas Instruments $TXN, a NASDAQ 100 stock moved above $131.21 to an all-time high extending an intermediate uptrend.

Solar ETF $TAN moved above $32.36 to a five year high extending an intermediate uptrend.

Waste Connections $WCN.CA, a TSX 60 stock moved above $122.30 and $122.81 setting an intermediate uptrend.

Pembina Pipeline $PPL.CA, a TSX 60 stock moved above $49.35 to an all-time high extending an intermediate uptrend.

Intuit $INTU, a NASDAQ 100 stock moved above $275.16 re-establishing an intermediate uptrend.

Trader's Corner

Equity Indices and related ETFs

Daily Seasonal/Technical Equity Trends for January 9th 2019

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for January 9th 2019

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for January 9th 2019

Green: Increase from previous day

Red: Decrease from previous day

S&P 500 Momentum Barometer

The Barometer gained 3.21 to 75.55 yesterday. It remains intermediate overbought.

TSX Momentum Barometer

The Barometer added 2.01 to 66.36 yesterday. It remains intermediate overbought.

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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