Tech Talk for Tuesday August 20th 2019

U.S. equity index futures were higher this morning. S&P 500 futures were up 3 points in pre-opening trade.

Home Depot gained $4.15 to $212.10 after reporting higher than consensus second quarter earnings.

McCormick dropped $1.62 to $166.94 after JP Morgan downgraded the stock to Underweight from Neutral.

Baidu jumped $8.78 to $113.00 after reporting higher than consensus quarterly sales and earnings.

Estee Lauder added $0.20 to $201.85 after Bernstein and Raymond James raised their price target on the stock.

EquityClock's Daily Market Comment

Following is a link:

http://www.equityclock.com/2019/08/19/stock-market-outlook-for-august-20-2019/

Jeff Parent on BNNBloomberg's Market Call Tonight

Market Outlook

https://www.bnnbloomberg.ca/video/jeff-parent-s-market-outlook~1757664

Top Picks

https://www.bnnbloomberg.ca/video/jeff-parent-s-top-picks~1757717

StockTwits released yesterday @EquityClock

Vertex Pharmaceutical $VRTX, a NASDAQ 100 stock moved above $186.33 setting an intermediate uptrend.

Dollarama $DOL.CA, a TSX 60 stock moved above $50.74 extending an intermediate uptrend.

Trader's Corner

Equity Indices and related ETFs

Daily Seasonal/Technical Equity Trends for August 19th 2019

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for August 19th 2019

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for August 19th 2019

Green: Increase from previous day

Red: Decrease from previous day

Technical Scoop

Headline reads, "Nerves break, curves invert, rates fall, re-election concerns, gold shines, unexpected turns, sector uptrends"

Thank you to David Chapman and www.enrichedinvesting.com for the link to this weekly report:

http://enrichedinvesting.com/wp-content/uploads/2019/08/Nerves-break-curves-invert-rates-fall-re-election-concerns-gold-shines-unexpected-turns-sector-uptrends.pdf

Charts with Changes in Seasonality Ratings

S&P 500 Momentum Barometer

The Barometer gained another 7.53 to 44.80 yesterday. It recovered to intermediate neutral from intermediate oversold on a recovery above 40.00.

TSX Momentum Barometer

The Barometer gained another 2.59 to 46.98 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

Sponsored By...