Tech Talk for Thursday February 14th 2019

U.S. equity index futures were mixed this morning. S&P 500 futures were unchanged in pre-opening trade.

Index futures moved lower following release of economic news at 8:30 AM EST. Consensus for Weekly Jobless Claims was 225,000 versus 234,000 last week. Actual was 239,000. Consensus for the January Producer Price Index was an increase of 0.1% versus a decline of 0.2% in December. Actual was a decline of 0.1%. Excluding food and energy, consensus for the January Producer Price Index was an increase of 0.2% versus a gain of 0.2% in December. Actual was an increase of 0.2%.Consensus for December Retail Sales was a gain of 0.1% versus an advance of 0.2% in November. Actual was a drop of 1.2%. Excluding auto sales, consensus for December Retail Sales was an increase of 0.4% versus a gain of 0.5% in November. Actual was a drop of 1.8%.

Cisco gained $2.00 to 49.50 after reporting higher than consensus fiscal third quarter earnings.

NetApp dropped $5.10 to $62.25 after reporting lower than consensus third quarter revenues. JP Morgan downgraded the stock to Neutral from Overweight.

Coca Cola dropped $2.09 to $47.70 after reporting lower than consensus fourth quarter earnings.

Canadian Tire (CTC.A $147.01 Cdn.) is expected to open lower after reporting lower than consensus fourth quarter earnings.

EquityClock's Daily Market Comment

Following is a link:

http://www.equityclock.com/2019/02/13/stock-market-outlook-for-february-14-2019/

Note seasonality charts on Crude Oil inventories, Gasoline inventories and the Consumer Price Index.

StockTwits Released Yesterday @EquityClock

Technical action by S&P 500 stocks to 10:00: Bullish. Intermediate breakouts: $HLT $TIF $MCK $ECL

Editor's Note: After 10:00 AM EST, intermediate breakouts included HON, JEC, TFX, DVA, FBHS and ALLE.

Equal Weighted S&P 500 ETF $RSP moved above $102.74 extending an intermediate uptrend

U.S. Broker iShares $IAI moved above $61.47 extending an intermediate uptrend

Tourmaline Oil $TOU.CA moved above $19.44 completing a base building pattern

Cenovus Energy $CVE.CA, a TSX 60 stock moved above $10.93 completing a reverse Head & Shoulders pattern.

Editor's Note: BNNBloomberg interview with the CEO offered an encouraging outlook.

ARC Resources $ARX.CA, a TSX 60 stock moved above $9.99 completing a base building pattern.

US #CPI up 0.2% (NSA) in January, weaker than the 0.3% average increase for the first month of the year. $MACRO $STUDY #Economy #Inflation

China ETF $ZCH.CA moved above $23.81 completing a double bottom pattern. Tracking the Shanghai Composite Index $SSEC

Trader's Corner.

Equity Indices and related ETFs

Daily Seasonal/Technical Equity Trends for February 13th 2019

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for February 13th 2019

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for February 13th 2019

Green: Increase from previous day

Red: Decrease from previous day

http://www.equityclock.com/about/seasonal-advantage-portfolio/

S&P 500 Momentum Barometer

The Barometer added 6.00 to 87.60 yesterday. It remains intermediate overbought.

TSX Momentum Barometer

The Barometer slipped 1.28 to 84.68 yesterday. It remains intermediate overbought.

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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