Tech Talk for Thursday April 2nd 2020

U.S. equity index futures were higher this morning. S&P 500 futures were up 36 points in pre-opening trade.

Index futures were virtually unchanged following release of economic news at 8:30 AM EDT. Consensus for Weekly Jobless Claims was a slip to 3.000 million from 3.283 million last week. Actual was 6.65 million. Consensus for the February U.S. Trade Deficit was $43 billion versus $45.30 billion in January. Actual was $39.9 billion.

The Canadian Dollar was virtually unchanged at U.S.70.64 following release of Canada's February Trade Deficit. Consensus was $0.830 billion versus $1.47 billion in January. Actual was $0.980 billion

WTI Crude Oil added $2.07 to $22.38 per barrel on expectations that Russia and Saudi Arabia soon will end their dispute on oil production.

Darden Restaurants added $1.28 to $47.30 after Raymond James upgraded the stock from Market Perform to Strong Buy.

Paccar gained $0.86 to $60.98 after JP Morgan upgraded the stock from Neutral to Overweight.

Walgreen Boots advanced $1.64 to $44.67 after reporting higher than consensus second quarter revenues and earnings.

EquityClock's Daily Market Comment

Following is a link:

http://www.equityclock.com/2020/04/01/stock-market-outlook-for-april-2-2020/

Note seasonality charts on U.S. Construction Spending, Crude Oil Days of Supply and Gasoline Days of Supply.

StockTwits released yesterday @EquityClock

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Trader's Corner

Equity Indices and related ETFs

Daily Seasonal/Technical Equity Trends for April 1st 2020

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Seasonal/Technical Commodities Trends for April 1st 2020

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for April 1st 2020

Green: Increase from previous day

Red: Decrease from previous day

Greg Schnell's "Market Buzz"

Headline reads, "To Fizzle or Fly". Following is a link:

https://www.youtube.com/watch?v=dtnJ-H8N0_k&feature=youtu.be

S&P 500 Momentum Barometer

The Barometer slipped 1.40 to 3.01 yesterday. It remains deeply intermediate oversold.

TSX Momentum Barometer

The Barometer slipped 0.43 to 3.04 yesterday. It remains deeply intermediate oversold.

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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