Tech Talk for Tuesday April 23rd 2019

U.S. equity index futures were higher this morning. S&P 500 futures were up 3 points in pre-opening trade. Futures responded to a series of better-than-consensus firsts quarter reports.

Whirlpool (WHR $139.36) is expected to open higher after reporting higher than consensus first quarter revenues and earnings. The company also raised guidance.

United Technologies (UTX $136.91) is expected to open higher after reporting higher than consensus first quarter sales and earnings.

Coca Cola (KO $47.40) is expected to open higher after reporting higher than consensus first quarter sales and earnings.

Teck Resources (TECK $32.80 Cdn.) is expected to open higher after reporting higher than consensus first quarter earnings.

EquityClock's Daily Market Comment

Following is a link:

http://www.equityclock.com/2019/04/22/stock-market-outlook-for-april-23-2019/

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 EDT, intermediate breakouts included BLL RIG, NFLX and INFO. Breakdowns included JWN, FRT, NWL and TPR

Enerplus $ERF.CA moved above $12.52 completing a base building pattern.

Trican Well Services $TCW.CA moved above $1.59 extending an intermediate uptrend.

Inter Pipeline $IPL.CA, a TSX 60 stock moved above $22.25 extending an intermediate uptrend.

Trader's Corner

Equity Indices and related ETFs

Daily Seasonal/Technical Equity Trends for April 22nd 2019

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for April 22nd 2019

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for April 22nd 2019

Green: Increase from previous day

Red: Decrease from previous day

Technical Scoop

Thank you to David Chapman and www.EnrichedInvesting.com Following is a link:

http://enrichedinvesting.com/wp-content/uploads/2019/04/Lonely-Highs-Poor-Gold-Relentless-Climb.pdf

Keith Richard's Blog

Outlook for oil. See:

https://www.valuetrend.ca/outlook-for-oil/

S&P 500 Momentum Barometer

The Barometer dropped another 2.80 to 68.00 yesterday. It remains intermediate overbought and trending down.

TSX Momentum Barometer

The Barometer dropped another 4.73 to 60.83 yesterday. It remains intermediate overbought and trending down.

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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