Tech Talk for Tuesday February 12th 2019

U.S. equity index futures were higher this morning. S&P 500 futures were up 19 points in pre-opening trade. Index futures are responding to a tentative agreement by the U.S. Congress that will avoid a government shutdown by the end of the week.

Gilead (GILD $67.62) is expected to open lower after its drug trial on chronic liver disease failed to reach expectations.

Molson Coors (TAP $66.36) is expected to open lower after the company issued negative guidance related to accounting issues.

Under Armour (UA $19.15) is expected to open higher after reporting higher than consensus fourth quarter sales and earnings.

Shopify dropped $8.07 to $165.10 after reporting a fourth quarter loss.

EquityClock's Daily Market Comment

Following is a link:

http://www.equityclock.com/2019/02/11/stock-market-outlook-for-february-12-2019/

StockTwits Released Yesterday @EquityClock

Restaurant Brands Int’l $QSR $QSR.CA, a TSX 60 stock moved above $64.11U.S. on Q4 results extending an intermediate uptrend

Technical action by S&P 500 stocks to 10:00: Bullish. Intermediate breakouts: $ROST $HSY $NSC. No breakdowns

Editor's Note: After 10:00 AM EST, intermediate breakouts included REG and NKTR. No breakdowns.

Major equity benchmarks struggling at 50-week moving averages as signs of indecision become apparent. equityclock.com/2019/02/09/… $SPX $SPY

CI Financial $CIF.CA moved above $18.58 completing a base building pattern

U.S. Dollar Index ETF $UUP moved above $25.84 extending an intermediate uptrend

Trader's Corner.

Equity Indices and related ETFs

Daily Seasonal/Technical Equity Trends for February 11th 2019

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for February 11th 2019

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for February 11th 2019

Green: Increase from previous day

Red: Decrease from previous day

Technical Scoop

A link to David Chapman's weekly report compliments of www.enrichedinvesting.com

http://enrichedinvesting.com/wp-content/uploads/2019/02/Seasonal-script-January-barometer-background-spark-commodity-bull-junk-sign-golden-dig.pdf

Updates on Previous Seasonal Trading Ideas

Since January 4th, sixty seasonal trading ideas have been offered through Stocktwits@EquityClock and our daily Tech Talk reports. The ideas were identified when price charts recorded upside breakouts and were supported by favourable seasonal charts. Most of the ideas currently are profitable. Now, technicals for North American equity markets indicate short term signs of weakness. Accordingly, trading ideas showing short term technical weakness (including declining Stochastics, RSI, MACD and a drop below their 20 day moving average) no longer are favoured. They include:

Martinrea recommended on January 14th

Cdn. Energy iShares on January 14th

Bank of America on January 17th

Tyson Foods on January 18th

Kansas City Southern on January 18th

Canfor on January 24th

Magna International on January 25th

Crude Oil futures and ETN on January 30th

Anadarko Petroleum on February 5th

All currently are trading at a slight profit or loss. The remaining 50 ideas will be monitored. Stay tuned for updates.

http://www.equityclock.com/about/seasonal-advantage-portfolio/

Equity Opportunities outside of North America

The Shanghai Composite Index traditionally starts moving higher following the Chinese New Year for a move to at least the middle of April.

The Index has started to follow its traditional pattern.

S&P 500 Momentum Barometer

The Barometer added 0.80 to 81.80 yesterday. It remains intermediate overbought and showing early signs of rolling over.

TSX Momentum Barometer

The Barometer added 1.28 to 82.55 yesterday. It remains intermediate overbought and showing early signs of rolling over.

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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