Tech Talk for Friday March 27th 2020

U.S. equity index futures were lower this morning. S&P 500 futures were down 62 points in pre-opening trade.

Index futures were virtually unchanged following release of economic news at 8:30 AM EDT. Consensus for February Personal Income was an increase of 0.4% versus a gain of 0.6% in January. Actual was a gain of 0.6%. Consensus for February Personal Spending was an increase of 0.2% versus a gain of 0.2% in January. Actual was an increase of 0.2%.

Lululemon dropped $8.30 to $192.50 despite reporting higher than consensus fiscal fourth quarter earnings. However, the company did not offer forward guidance. Susquehanna lowered its target price from $310 to $240.

KB Homes was unchanged at $19.08 after reporting higher than consensus first quarter earnings.

Gap Stores (GPS $8.45) is expected to open lower halting its dividend.

Hilton dropped $2.70 to $70.50 after suspending its dividend and share buyback program.

EquityClock's Daily Market Comment

Following is a link:

http://www.equityclock.com/2020/03/26/stock-market-outlook-for-march-27-2020/

StockTwits released yesterday @EquityClock

Nil

Schachter Energy Report

Josef gave a timely update on the Canadian energy sector on BNNBloomberg's Market Call Today on Tuesday. He followed with a report to subscribers on Wednesday with several key observations:

? The Canadian energy sector has suffered from "a double Black Swan event: COVID 19 and an oil price war".

? "We are near the end of the waterfall washout"

Accordingly, Josef issued Buy recommendations for traders on a series of eight special situations.

The Schachter Energy Report is available by paid subscription at www.SchachterEnergyReport.ca

Trader's Corner

Equity Indices and related ETFs

Daily Seasonal/Technical Equity Trends for March 26th 2020

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Seasonal/Technical Commodities Trends for March 26th 2020

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for March 26th 2020

Green: Increase from previous day

Red: Decrease from previous day

S&P 500 Momentum Barometer

The Barometer added 2.00 to 3.21 yesterday. It remains deeply intermediate oversold and showing early signs of bottoming

TSX Momentum Barometer

The Barometer gained another 1.74 to 7.39 yesterday. It remains deeply intermediate oversold and showing more signs of a recovery.

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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