Tech Talk for Thursday June 18th 2020

U.S. equity index futures were lower this morning. S&P 500 futures were down 18 points in pre-opening trade.

Index futures were virtually unchanged following release of economic news at 8:30 AM EDT. Consensus the June Philly Fed Index was -23.0 versus -43.1 in May. Actual was +27.5.

Consensus for Weekly Jobless Claims was 1.3 million versus 1,566 last week. Actual was 1.508 million.

The Bank of England extended its Quantitative Easing Program by 100 million pounds.

Kroger added $0.43 to $33.24 after reporting higher than consensus fiscal first quarter sales and earnings.

Carnival Cruise dropped $1.32 to $17.77 after reporting a larger than consensus fiscal second quarter loss.

Lennar (LEN $63.00) is expected to open higher after Raymond James raised its target price from $41 to $75.

EquityClock's Daily Market Comment

Following is a link:

http://www.equityclock.com/2020/06/17/stock-market-outlook-for-june-18-2020/

Note seasonality charts on Crude Oil Days of Supply, U.S. Housing Starts and Canadian Consumer Price Index.

Technical Notes

Nil

Trader's Corner

Equity Indices and related ETFs

Daily Seasonal/Technical Equity Trends for June 17th 2020

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Seasonal/Technical Commodities Trends for June 17th 2020

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for June 17th 2020

Green: Increase from previous day

Red: Decrease from previous day

Greg Schnell's "Market Buzz"

Greg checks out "Midcap high flyers". Following is a link:

https://www.youtube.com/watch?v=oKIJicjQaHo&feature=youtu.be

S&P 500 Momentum Barometer

The Barometer slipped 2.61 to 87.58 yesterday. It remains extremely intermediate overbought.

TSX Momentum Barometer

The Barometer dropped 7.24 to 76.02 yesterday. It remains extremely 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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