Tech Talk for Tuesday January 14th 2020
U. S equity index futures were lower this morning. S&P 500 futures were down 2 points in pre-opening trade.
Index futures were virtually unchanged following release of the December Consumer Price Index at 8:30 AM EST. Consensus was an increase of 0.3% versus a gain of 0.3% in November. Actual was an increase of 0.2%. Excluding food and energy, consensus for the December Consumer Price Index was an increase of 0.2% versus a gain of 0.2% in November. Actual was an increase of 0.1%.
JP Morgan gained $2.00 to $139.20 after reporting higher than consensus fourth quarter revenues and earnings.
![clip_image001[1]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2020/01/clip_image0011-4.png "clip_image001[1]")
Delta Airlines gained $2.61 to $62.10 after reporting higher than consensus fourth quarter revenues and earnings.
![clip_image002[1]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2020/01/clip_image0021-5.png "clip_image002[1]")
Citigroup added $0.10 to $80.75 after reporting higher than consensus fourth quarter earnings.
![clip_image003[1]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2020/01/clip_image0031-3.png "clip_image003[1]")
Wells Fargo dropped $1.92 to $50.19 after reporting lower than consensus fourth quarter revenues and earnings.
![clip_image004[1]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2020/01/clip_image0041-1.png "clip_image004[1]")
EquityClock's Daily Market Comment
Following is a link:
http://www.equityclock.com/2020/01/13/stock-market-outlook-for-january-14-2020/
StockTwits released yesterday @EquityClock
American Express $AXP, a Dpw Jones Industrial stock moved above $128.40 to an all-time high extending an intermediate uptrend.
NetApp $NTAP, a NASDAQ 100 stock moved above $63.99 extending an intermediate uptrend.
China Large Cap iShares $FXI moved above $44.66 extending a long term uptrend.
NextEra Energy $NEE, an S&P 100 stock moved above $245.01 to an all-time high extending an intermediate uptrend.
Southern Companies $SO, an S&P 100 stock moved above $64.25 to an all-time high extending an intermediate uptrend.
Fortis $FTS.CA, a TSX 60 stock moved above $54.98 extending an intermediate uptrend.
Shaw Communications $SJR $SJR.B.CA, a TSX 60 stock moved below U.S.$20.03 and $26.23 Cdn. extending an intermediate downtrend. Reported slightly lower than consensus quarterly results this morning.
Citrix Systems $CTXS, a NASDAQ 100 stock moved above $114.82 to an all-time high extending an intermediate uptrend.
Utilities SPDRs $XLU moved above $64.94 to an all-time high extending an intermediate uptrend.
Trader's Corner
Equity Indices and related ETFs
Daily Seasonal/Technical Equity Trends for January 13th 2019
Green: Increase from previous day
Red: Decrease from previous day
Commodities
Daily Seasonal/Technical Commodities Trends for January 13th 2019
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for January 13th 2019
Green: Increase from previous day
Red: Decrease from previous day
Technical Scoop
Thank you to David Chapman and www.enrichedinvesting.com for the following link:
S&P 500 Momentum Barometer
![clip_image001[5]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2020/01/clip_image0015-2.png "clip_image001[5]")
The Barometer added 1.80 to 76.15 yesterday. It remains intermediate overbought.
TSX Momentum Barometer
![clip_image002[5]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2020/01/clip_image0025-2.png "clip_image002[5]")
The Barometer slipped 1.38 to 66.82 yesterday. It remains intermediate overbought.
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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