Tech Talk for Thursday March 14th 2019

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

Index futures were virtually unchanged following release of the Weekly Initial Jobless Claims report. Consensus was an increase to 225,000 from 223,000 last week. Actual was 229,000.

Dollar General dropped $6.69 to $113.99 after reporting lower than consensus fourth quarter earnings. The company also lowered guidance.

General Mills gained $0.58 to $47.66 after Deutsche Bank upgraded the stock to Buy from Hold.

Apple added $2.01 to $183.72 after Cowen initiated coverage with an Outperform rating.

EquityClock's Daily Market Comment

Following is a link:

http://www.equityclock.com/2019/03/13/stock-market-outlook-for-march-14-2019/

Note seasonality charts on MSCI World ex U.S. Index, Durable Goods Orders and Construction Spending

Observations

The S&P 500 Index continues to "hit its head" against the 2820 level.

Commodity prices continue moving higher. 'Tis the season for strength to the end of April!

Advances yesterday in Canadian and U.S. stocks, indices and related ETFs were prompted primarily by strength in crude oil prices above $57.88 U.S. per barrel.

Higher base metal prices also helped.

So much for Brexit fears! British Pound reaches a nine month high.

StockTwits released yesterday @EquityClock

Technical action by S&P 500 stocks to 10:00: Bullish. Intermediate breakouts: $DG $NRG $INFO. No breakdowns.

Editor's Note: After 10:00 AM EDT, breakouts included CSX, PKG, FTV and FITB. Breakdowns included VIAB and K

U.S. Oil Fund $USO moved above $12.06 extending an intermediate uptrend.

Linamar $LNR.CA moved below intermediate support at $47.74.

TSX 60 iShares $XIU.CA moved above $24.23 to an all-time high extending an intermediate uptrend.

Consumer Staples SPDRs $XLP moved above $54.84 extending an intermediate uptrend.

Trader's Corner.

Equity Indices and related ETFs

Daily Seasonal/Technical Equity Trends for March 13th 2019

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for March 13th 2019

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for March 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 2.00 to 83.80 yesterday. It remains intermediate overbought.

TSX Momentum Barometer

The Barometer gained 0.84 to 73.95 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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