Tech Talk for Friday January 3rd 2020

U.S. equity index futures were lower this morning following news that a U.S. airstrike killed an Iranian general and a top Iraqi commander. S&P 500 futures were down 36 points to 3,222.75.

Iran warned retaliation for the U.S. airstrike. Commodity markets responded. WTI Crude Oil jumped $2.27 to $63.45 per barrel. Energy stocks are expected to open higher. . Gold jumped $36.00 to $1,548.30 per ounce. Gold stocks are expected to respond.

Crude oil moved above $63.38 per barrel extending an intermediate uptrend.

Gold is testing a previous high at $1,566.20 per ounce.

Air Canada (AC $50.00) is expected to open lower after Cowen downgraded the stock to Market Perform from Outperform.

EquityClock's Daily Comment

Following is a link:

http://www.equityclock.com/2020/01/02/stock-market-outlook-for-january-3-2020/

Note seasonality charts on U.S. International Imports and Exports.

StockTwits released yesterday @EquityClock

Align Technology $ALGN, a NASDAQ 100 stock moved above $281.57 extending an intermediate uptrend.

KLA Tencor $KLAC, a NASDAQ 100 stock moved above $179.95 to an all-time high extending an intermediate uptrend.

Hong Kong iShares $EWH moved above $24.72 extending an intermediate uptrend.

BCE $BCE.CA, a TSX 60 stock moved below $59.89 completing a double top pattern.

Grain ETN $JJGTF moved above $22.25 setting an intermediate uptrend

Energy SPDRs $XLE moved above $60.65 extending an intermediate uptrend

Industrial SPDRs $XLI moved above $82.24 to an all-time high extending an intermediate uptrend.

Chile iShares $ECH are responding to higher copper prices. Nice breakout above $34.26 setting an intermediate uptrend.

Israel iShares $EIS moved above $57.96 to an all-time high extending an intermediate uptrend.

Trader's Corner

Equity Indices and related ETFs

Daily Seasonal/Technical Equity Trends for January 2nd 2019

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for January 2nd 2019

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for January 2nd 2019

Green: Increase from previous day

Red: Decrease from previous day

S&P 500 Momentum Barometer

The Barometer added 0.60 to 79.76 yesterday. It remains intermediate overbought.

TSX Momentum Barometer

The Barometer slipped 0.77 to 67.58 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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