Tech Talk for Friday June 14th 2019

U.S. equity index futures were lower this morning. S&P 500 futures were down 7 points in pre-opening trade. Index futures responded to news that May industrial production in China increased less than consensus.

Equity index futures were virtually unchanged following release of May Retail Sales at 8:30 AM EDT. Consensus was an increase of 0.6% versus an upwardly revised gain of 0.3% in April. Actual was an increase of 0.5%. Excluding auto sales, consensus for May Retail Sales was an increase of 0.4% versus an upwardly revised gain of 0.4% in April. Actual was.an increase of 0.5%.

Broadcom dropped $28.58 to $253.03 after reporting less than consensus fiscal second quarter revenues. The company also lowered guidance.

Dollarama (DOL $46.99) is expected to open higher after reporting higher than consensus first quarter sales and earnings.

Comcast (CMCSA $41.69) is expected to open higher after Rosenblatt Securities initiated coverage with a Buy rating.

EquityClock's Daily Market Comment

Following is a link

http://www.equityclock.com/2019/06/13/stock-market-outlook-for-june-14-2019/

Note seasonality chart on Gold futures

StockTwits released yesterday @EquityClock

Technical action by S&P 500 stocks to 10:00: Quiet. Intermediate breakout: $KIM. No breakdowns

Editor's Note: After 10:00 AM EDT, intermediate breakouts: $SRE and $ROST. Breakdowns: MNST

IGM Financial $IGM.CA moved above $37.80 extending an intermediate uptrend.

Trader's Corner

Equity Indices and related ETFs

Daily Seasonal/Technical Equity Trends for June 13th 2019

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for June 13th 2019

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for June 13th 2019

Green: Increase from previous day

Red: Decrease from previous day

Setting up for the summer rally in gold and gold equities

Technical comments by Tim Ord, rated among top gold timers by Market Timer

https://www.youtube.com/watch?v=cNHSaN6i0-4&feature=youtu.be

Gold and gold stocks enter into a period of strength in the third week of July for a seasonal trade into October.

S&P 500 Momentum Barometer

The Barometer added 6.81 to 61.12 yesterday. It changed from intermediate neutral to intermediate overbought.

TSX Momentum Barometer

The Barometer added 0.21 to 49.79 yesterday. It remains intermediate neutral.

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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