Tech Talk for Tuesday January 16th 2018

U.S. equity index futures were higher this morning. S&P 500 futures were up 10 points in pre-opening trade.

UnitedHealth Group gained $4.16 to $232.80 after reporting higher than consensus fourth quarter revenues and earnings.

General Electric dropped $0.85 to $17.91 after revealing a $6.2 billion charge to be released with fourth quarter results.

Merck added $3.24 to $61.90 after announcing positive results from a lung cancer trial.

Citigroup gained $1.55 to $78.39 after reporting higher than consensus adjusted fourth quarter earnings.

EquityClock's Daily Market Comment

Following is a link:

http://www.equityclock.com/2018/01/12/stock-market-outlook-for-january-16-2018/

Note seasonality charts on Retail Trade, Consumer Price Index and U.S. Dollar Index.

StockTwits released yesterday @EquityClock

Canadian gold stocks $ABX.CA $G.CA leading TSX higher at the opening.

Agnico-Eagle $AEM.CA moved above $59.25 extending an intermediate uptrend.

Editor's Note: Other Canadian gold producer stocks to break intermediate resistance yesterday included Kinross Gold and B2Gold.

'Tis the season for strength in Agnico-Eagle to move higher to the end of February!

Sun Life Financial $SLF.CA, a TSX 60 stock moved above $52.94 to an all-time high extending an intermediate uptrend.

Extendicare $EXE.CA moved below $8.73 extending an intermediate downtrend.

Manulife Financial $MFC.CA, a TSX 60 stock moved above $27.53 to a 9 year high extending an intermediate uptrend.

TSX Gold iShares $XGD.CA moved above $12.77 extending an intermediate uptrend. 'Tis the season for strength to the end of Feb!

Trader's Corner

Daily Seasonal/Technical Equity Trends for January 15th 2018

Green: Increase from previous day

Red: Decrease from previous day

Daily Seasonal/Technical Commodities Trends for January 15th 2018

Green: Increase from previous day

Red: Decrease from previous day

* Excludes adjustment from rollover of futures contracts

Daily Seasonal/Technical Sector Trends for January 15th 2018

Green: Increase from previous day

Red: Decrease from previous day

Keith Richards' Blog

Rotation, rotation, rotation! Keith says, "Here's where money is going". Following is a link:

http://www.valuetrend.ca/heres-money-going/

TSX Momentum Barometer

TSX momentum barometer added 1.66 to 55.60 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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