Tech Talk for Friday January 4th 2019

U.S. equity index futures were higher this morning. S&P 500 futures were up 24 points in pre-opening trade. Index futures are responding to a 2.0% gain by the Shanghai Composite Index. During overnight trading, the Bank of China has added monetary stimulus by cutting bank reserve requirements.

Index futures dipped slightly following release of the U.S. December Employment Report. Consensus for December Non-farm Payrolls was 178,000 versus 155,000 in November. Actual was 312,000. Consensus for December Unemployment Rate was unchanged from November at 3.7%. Actual was an increase to 3.9%. 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 0.4%.

The Canadian Dollar moved slightly lower to 74.25 cents U.S. following release of the Canadian December Employment Report. Consensus was an increase in employment of 5,000 versus 94,100 in November. Actual was an increase of 9,300. Consensus for the December Unemployment Rate was an increase to 5.7% from 5.6% in November. Actual was unchanged at 5.6%.

Intel added $1.16 to $45.65 after Bank of America/Merrill Lynch upgraded the stock to Buy from Neutral. Target was raised to $60 from $52.

Netflix gained $8.05 to $279.44 after Goldman Sachs added the stock to its Conviction Buy list.

United Technologies (UTX $103.48) is expected to open lower after RBC downgraded the stock to Sector Perform from Outperform.

EquityClock's Daily Market Comment

Following is a link:

http://www.equityclock.com/2019/01/03/stock-market-outlook-for-january-4-2019/

Note seasonality charts on the Technology sector and Non-farm Payrolls.

StockTwits Released Yesterday @EquityClock

Technical action by S&P 500 stocks to Noon: Bearish. Intermediate breakout: $CELG. Breakdowns: $ALGN $BMY $ALK $UAL.

Silver equity ETF $SIL moved above $25.62 and #25.63 completing a base building pattern. 'Tis the season for strength in silver stocks!

Trader's Corner

Equity Indices and related ETFs

Daily Seasonal/Technical Equity Trends for January 3rd 2019

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for January 3rd 2019

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for January 3rd 2019

Green: Increase from previous day

Red: Decrease from previous day

2019 World Outlook Financial Conference

Don Vialoux is scheduled to be one of the presenters this year

Tickets Still Available
Feb 1st & 2nd in Vancouver

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S&P 500 Momentum Barometer

Percent of S&P 500 stocks trading above their 50 day moving average dropped 4.97 to 6.83yesterday. It remains deeply intermediate oversold.

TSX Momentum Barometer

Percent of TSX stocks trading above their 50 day moving average was unchanged at 27.98 yesterday. It remains intermediate oversold.

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

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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