Tech Talk for Thursday February 15th 2018

U.S. equity index futures were higher this morning. S&P 500 futures were up 10 points in pre-opening trade.

Index futures were virtually unchanged following release of economic news at 8:30 AM EST. Consensus for the January Producer Price Index was an increase of 0.4% versus a decline of 0.1% in December. Actual was an increase of 0.4%. Excluding food and energy, consensus for the January Producer Price Index was an increase of 0.2% versus a decline of 0.1% in December. Actual was an increase of 0.4%. Consensus for February Philly Fed Index was a slip to 21.5 from 22.1 in January. Actual was an increase to 25.8. Consensus for February Empire State Survey was a slip to 17.5 from 17.7 in January. Actual was 13.1. Consensus for Weekly Jobless Claims was an increase to 229,000 from 221,000 last week. Actual was 230,000.

Cisco jumped $3.26 to $45.35 after reporting higher than consensus quarterly revenues and earnings.

Canadian REIT received a takeover offer from Choice Properties. Value of the cash and share offer is estimated at $6 billion.

Apple gained $1.87 to $169.24 on news that Berkshire Hathaway has raised its interest in the company.

Avon Properties added $0.23 to $2.50 after beating fourth quarter consensus earnings estimates.

EquityClock's Daily Market Comment

Following is a link:

http://www.equityclock.com/2018/02/14/stock-market-outlook-for-february-15-2018/

Note seasonality charts on U.S. Consumer Price Index, Gold, Retail Trade, Crude Oil days of Supply, Gasoline days of Supply, Crude Oil and NYSE Oil Index.

StockTwits Released Yesterday @EquityClock

Technical action by S&P 500 stocks to 10:00: Nil. No intermediate breakouts or breakdowns.

Editor's Note: After 10:00 AM EST, breakouts included UA, VFC, COTY and NOC. Breakdown: BIIB

U.S. precious and base metal prices and related equities and ETFs strongly higher on U.S. Dollar weakness $GLD $JJC $SLV $GDX $GDXJ $SIL $PICK $COPX

More base metal stocks breaking resistance extending their intermediate uptrend: $RIO $VALE

Editor's Note: The world's largest copper producer stock, Southern Copper also broke out in later trade.

US Domestic Production of Oil showing the strongest start to a year since 2009, up 5.0%. $USO #WTIC #OIL $XLE

Total Business Sales advanced by 4.6% in 2017, best year since 2011. Average annual gain: 3.5%. $MACRO #Economy $STUDY

US #Retail Sales down by 22.1% (NSA) in January, better than 23.0% decline that is average for start of year. $MACRO #Economy #Consumer

US #CPI higher by 0.5% in January, inline with last year’s result and above 0.3% average increase for first month of year. $MACRO #Economy

Trader's Corner

Daily Seasonal/Technical Equity Trends for February 14th 2018

Green: Increase from previous day

Red: Decrease from previous day

Daily Seasonal/Technical Commodities Trends for February 14th 2018

Green: Increase from previous day

Red: Decrease from previous day

* Excludes adjustment from rollover of futures contracts

Daily Seasonal/Technical Sector Trends for February 14th 2018

Green: Increase from previous day

Red: Decrease from previous day

S&P 500 Momentum Barometer

The Barometer gained back 12.40 to 41.00 yesterday. It has recovered to intermediate neutral from oversold.

TSE Momentum Barometer

The Barometer recovered 6.94 to 24.90 yesterday. It remains 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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