Tech Talk for Tuesday August 21st 2018

U.S. equity index futures were higher this morning. S&P 500 futures were up 4 points in pre-opening trade.

NVIDIA gained $1.65 to $249.49 after the company announced launch of a new processor for gaming.

Toll Brothers added $3.26 to $37.99 after reporting higher than consensus fiscal third quarter sales and earnings.

Kohl's dropped $1.85 to $77.00 despite reporting higher than consensus second quarter results. The company also raised its guidance.

JM Smucker dropped $2.87 to $113.00 after reporting lower than consensus second quarter sales. The company also lowered guidance.

EquityClock's Daily Market Comment

Following is a link:

http://www.equityclock.com/2018/08/20/stock-market-outlook-for-august-21-2018/

Note seasonality charts on 10 year Treasury Note Futures, Dow Jones Transportation Average and Freight Shipments.

Observations

Canadian Marijuana stocks and related ETFs have been "on fire" since announcement of additional equity funding last week by Constellation Brands.

Short term momentum for Commodity prices and related equities recovered from deeply oversold levels thanks mainly to short term weakness in the U.S. Dollar Index.

StockTwits Released Yesterday @EquityClock

Technical action by S&P 500 stocks to 10:00: Quietly bullish. Intermediate breakouts: $CMA $CMI $FLIR.

Editor's Note: After 10:00 AM EDT, intermediate breakouts included FFIV, KIM, ALK, BBY, MSI and COF. No breakdowns.

Aerospace & Defense iShares $ITA moved above $207.00 to an all-time high extending an intermediate uptrend. $PPA also broke out.

Freight shipping activity showing little change in July, up 8.2% year-to-date. Average change: +6.6% $MACRO #Economy $IYT $FDX $UPS

Trader's Corner

Equities and Related ETFs

Daily Seasonal/Technical Equity Trends for August 20th 2018

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for August 20th 2018

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for August 20th 2018

Green: Increase from previous day

Red: Decrease from previous day

S&P 500 Momentum Barometer

The Barometer added another 2.40 to 6.60 yesterday. It remains intermediate overbought.

TSX Momentum Barometer

The Barometer was unchanged yesterday at 49.38. It remains intermediate neutral 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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