Tech Talk for Friday June 7th 2019

U.S. equity index futures were higher this morning. S&P 500 futures were up 5 points in pre-opening trade.

Index futures moved lower following release of the May employment report released at 8:30 AM EDT. Consensus for May Non-farm Payrolls was 180,000 versus 263,000 in April. Actual was 75,000. Consensus for May Unemployment Rate was unchanged from April at 3.6%. Actual was 3.6%. Consensus for May Hourly Earnings was an increase of 0.3% versus a gain of 0.2% in April. Actual was an increase of 0.2%.

The Canadian Dollar moved higher to U.S. 75.17 cents following release of the May Canadian Employment Report at 8:30 AM EDT. Consensus was 5,000 versus 106,500 in April. Actual was 27,700. Consensus for May Unemployment Rate was unchanged from April at 5.7%. Actual was a drop to 5.4%

Norwegian Cruise Line dropped $0.44 to $51.94 after reducing guidance.

Barnes & Noble gained $0.68 to $6.64 after agreeing to a cash takeover by Elliott Advisors at $6.50 per share

EquityClock's Daily Market Comment

Following is a link:

http://www.equityclock.com/2019/06/06/stock-market-outlook-for-june-7-2019/

Note seasonality chart on Non-Farm Payrolls.

StockTwits released yesterday @EquityClock

Technical action by S&P 500 stocks to 10:00:Bullish. Intermediate breakouts: $UDR $SPGI $AMD $MLM $MTD. No breakdowns.

Editor's Note: After 10:00 AM EDT, intermediate breakouts included CL, ABT, DHR, PFE, SYK, XEC, CAG, BLL, AES, RTN, TSCO, COST, ALL, PRU and SHW. No breakdowns.

US #Exports down 8.9% (NSA) in April, while #Imports were higher by 0.5% (NSA). Average change for each in the month is -6.9% and -2.0%, respectively. Charts: charts.equityclock.com/u-s-… $MACRO #Trade

Canada #Exports down 4.1% (NSA) in April, while #Imports down 3.4%. Average change for each: -5.4% and -4.1%, respectively. Charts: charts.equityclock.com/cana… $MACRO #Trade

Strength this morning is notable among U.S. Healthcare stocks. Intermediate breakouts include $ABT $DHR $PFE $SYK

CI Financial $CIX.CA moved above $20.97 extending an intermediate uptrend.

Trader's Corner

Equity Indices and related ETFs

Daily Seasonal/Technical Equity Trends for June 6th 2019

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for June 6th 2019

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for June 6th 2019

Green: Increase from previous day

Red: Decrease from previous day

S&P 500 Momentum Barometer

The Barometer added 2.00 to 50.30 yesterday. It remains intermediate neutral.

TSX Momentum Barometer

The Barometer added 0.42 to 47.90 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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