Tech Talk for Tuesday July 3rd 2018

U.S. equity index futures were higher this morning. S&P 500 futures were up 12 points in pre-opening trade.

U.S. equity markets are closing today at 2:00 PM EDT prior to the Independence Day holiday.

Roku added $2.11 to $45.40 after Oppenheimer upgraded the stock to Outperform from Perform. Target price is $50.

American Airlines dropped $0.33 to $38.03, Delta Airlines fell $0.19 to $49.73 and United Continental lost $0.79 to $70.13 after Deutsche Bank lowered their ratings from Buy to Hold.

Pepsico slipped $0.42 to $109.11 after Deutsche Bank lowered its rating to Hold from Buy.

EquityClock's Daily Market Comment

Following is a link:

http://www.equityclock.com/2018/06/29/stock-market-outlook-for-july-3-2018/

Note seasonality charts on KBW Bank Index, Canadian GDP, Canadian Producer Prices, Canadian Dollar and the U.S.REIT Index

Observations

U.S. equity markets recovered strongly from a downdraft in early trading yesterday. All major equity indices recorded gains by the close. Short term momentum indicators (Daily Stochastics, RSI, MACD) turned upward from oversold levels. 'Tis the season for U.S. equity indices to move higher until the third week in July

Strength was despite significant weakness by Far East equity markets. The Shanghai Composite Index and Hang Seng Index dropped to multi-month lows. The Nikkei Index dropped below support at 21,900. Japan iShares dropped below $57.14 to a 9 month low. The Kospi Index completed a Head & Shoulders pattern.

In response to weakness in Far East equity markets, copper completed a double top pattern on a move below $2.94 per lb.

Mexico ETF moved lower following election of a leftist leaning President.

StockTwit Released Yesterday @EquityClock

Technical action by S&P 500 stocks to 10:00: Bearish. No intermediate breakouts. Breakdowns:

$F $HAL $PBCT $PCAR.

Editor's Note: After 10:00 AM EDT, no intermediate breakouts. Breakdowns: BEN, PKG, GGP and CAG

Trader's Corner

Daily Seasonal/Technical Equity Trends for July 2nd 2018

Green: Increase from previous day

Red: Decrease from previous day

Daily Seasonal/Technical Commodities Trends for July 2nd 2018

Green: Increase from previous day

Red: Decrease from previous day

Daily Seasonal/Technical Sector Trends for July 2nd 2018

Green: Increase from previous day

Red: Decrease from previous day

S&P 500 Momentum Barometer

The Barometer added 0.80 to 53.40 yesterday. It remains intermediate neutral.

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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