Tech Talk for Thursday October 10th 2019

U.S. equity index futures were lower this morning. S&P 500 futures were down 5 points in pre-opening trade. Investors are focusing on news from U.S./China trade talks that started today.

Index futures were virtually unchanged following release of economic news at 8:30 AM EDT. Consensus for the September Consumer Price Index was an increase of 0.1% versus a gain of 0.1% in August. Actual was unchanged. Excluding food and energy, consensus for the September Consumer Price Index was an increase of 0.2% versus a gain of 0.3% in August. Actual was an increase of 0.1%. Consensus for Weekly Initial Jobless Claims was unchanged from last week at 219,000. Actual was down 10,000 to 209,000

Bed Bath & Beyond jumped $2.22 to $12.16 after the company named a former Target executive as its new Chief Executive Officer.

Delta dropped $1.83 to $52.09 after releasing lower than consensus fourth quarter guidance.

Nike (NKE $92.52) is expected to open higher after Oppenheimer raised its target price to $115 from $100.

EquityClock's Daily Market Comment

Following is a link:

http://www.equityclock.com/2019/10/09/stock-market-outlook-for-october-10-2019/

Note seasonality charts on Crude Oil Days of Supply, Job Openings and the U.S. Technology sector.

StockTwits released yesterday @EquityClock

Alexion $ALXN, a NASDAQ 100 stock moved below $94.93 extending an intermediate downtrend

Canadian energy stocks remain under technical pressure. Cenovus $CVE.CA, a TSX 60 stock moved below support at $10.71 Cdn.

Target $TGT, an S&P 100 stock moved above $110.94 to an all-time high extending an intermediate uptrend

Align Technologies $ALGN, a NASDAQ 100 stock moved above $188.16 completing a base building pattern

Trader's Corner

Equity Indices and related ETFs

Daily Seasonal/Technical Equity Trends for October 9th 2019

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for October 9th 2019

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for October 9th 2019

Green: Increase from previous day

Red: Decrease from previous day

Note change in seasonality to Positive from Neutral for the U.S. Technology sector

S&P 500 Momentum Barometer

The Barometer added 8.22 to 41.28 yesterday. It changed to intermediate oversold to intermediate neutral on a recovery above 40.00.

TSX Momentum Barometer

The Barometer added 1.53 to 46.78 yesterday. It remains intermediate neutral.

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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