Tech Talk for Tuesday January 22nd 2019

U.S. equity index futures were lower this morning. S&P 500 futures were down 16 points in pre-opening trade.

Johnson & Johnson eased $1.98 to $128.71 despite reporting higher than consensus fourth quarter sales and earnings. The company also raised guidance.

Travelers eased $0.41 to $123.60 despite reporting higher than consensus fourth quarter sales and earnings.

Schlumberger (SLB $44.73) is expected to open higher after SunTrust raised its target price to $75 from $60.

Chipotle Mexican Grill (CMG $513.24) is expected to open higher after Morgan Stanley raised its target price to $500 from $475.

EquityClock's Daily Market Comment

Following is a link:

http://www.equityclock.com/2019/01/18/stock-market-outlook-for-january-22-2019/

Note seasonality charts on Industrial Production, Canadian Consumer Price Index, U.S. Energy sector and the U.S. Retail Industry.

Trader's Corner

No changes yesterday.

Equity Indices and related ETFs

Daily Seasonal/Technical Equity Trends for January 21st 2019

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for January 21st 2019

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for January 21st 2019

Green: Increase from previous day

Red: Decrease from previous day

Technical Scoop

David Chapman's Weekly Comment (compliments of www.EnrichedInvesting.com)

http://enrichedinvesting.com/wp-content/uploads/2019/01/Risk-On-without-Time-for-Damaged-Charts-to-Repair-No-Recession-Yet-but-Mixed-Indicators.pdf?EUR<

StockTwits released yesterday @EquityClock

None released yesterday.

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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