Tech Talk for Thursday December 13th 2018

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

Index futures were virtually unchanged following release of the Weekly Jobless Claims report at 8:30 AM EST. Consensus was a drop to 225,000 from an upwardly revised 233,000 last week. Actual was 206,000.

European Central Bank maintained its overnight lending rate. It will discontinue bond purchases at the end of December.

General Electric gained $0.67 to $7.37 after JP Morgan upgraded the stock to Neutral from Under Weight.

Procter & Gamble added $0.91 to $94.94 after Bank of America/Merrill upgraded the stock to Buy from Neutral.

Coca Cola (KO $49.22) is expected to open higher after UBS upgraded the stock to Buy from Neutral.

Lowe's (LOW $) is expected to open higher after Stifel Nicolaus raised its target price to $96 from $92.

EquityClock's Daily Market Comment

Following is a link:

http://www.equityclock.com/2018/12/12/stock-market-outlook-for-december-13-2018/

Note seasonality charts on Long Term Treasury Bond Prices, Crude Oil Days of Supply, Gasoline Days of Supply and U.S. Consumer Price Index.

StockTwits Released Yesterday @EquityClock

Technical action by S&P 500 stocks to 10:00: Quiet. Intermediate breakout: $AVGO. Breakdown: $UAA

Editor's Note: After 10:00 AM EST, intermediate breakouts included: OMC and PEG Breakdowns included MAC, UA and SLG

Silver equity ETF $SIL strengthen on higher silver prices. 'Tis the season for strength to the end of February!

Base metals equity ETFs $PICK $COPX $XBM.CA $ZMT.CA strengthen. 'Tis the season for strength to spring.

Another Canadian gold producer stock breakout! IAMGold $IMG.CA moved above $4.49 completing a base building pattern.

Editor's Note: Add Detour Gold to the list.

'Tis the season for strength in IAMGold $IMG.CA to the end of February!

Industrial Alliance $IAG.CA moved below $44.20 extending an intermediate downtrend.

Junior Gold Miners ETF $GDXJ moved above $28.24 completing a base building pattern. 'Tis the season for strength until the end of February!

Gasoline production jumping, alleviating the supply pressures with respect to Oil. $USO $UGA $CL_F $XLE $XOP

US CPI down 0.3% (NSA) in November, weaker than the 0.2% decline that is average for the month. $MACRO #Economy #Inflation

Trader's Corner

Equity Indices and related ETFs

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for December 12th 2018

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for December 12th 2018

Green: Increase from previous day

Red: Decrease from previous day

S&P 500 Momentum Barometer

The Barometer gained 4.20 to 34.40 yesterday. It remains intermediate oversold and showing short term signs of recovery.

TSX Momentum Barometer

The Barometer added 5.37 to 35.12 yesterday. It remains intermediate oversold and showing short term signs of 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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