Tech Talk for Tuesday June 11th 2019

U.S. equity index futures were higher this morning. S&P 500 futures gained 17 points in pre-opening trade. Index futures responded to a 2.58% gain by the Shanghai Composite Index in overnight trading

Equity index futures were virtually unchanged following released of the May Producer Price Index at 8:30 AM EDT. Consensus was an increase of 0.1% versus a gain of 0.2% in April. Actual was an increase of 0.1%. Excluding food and energy, consensus for May Producer Prices was an increase of 0.2% versus a gain of 0.2% in April. Actual was an increase of 0.2%.

Broadcom gained $9.69to $289.89 after reaching a two year supply agreement with Apple to provide electronic components.

H&R Block (HRB $26.94) is expected to open higher after reporting higher than consensus fiscal fourth quarter earnings. The company also raised its dividend.

Wells Fargo (WFC $46.43) is expected to open lower after Atlantic Equities downgraded the stock to Underweight from Neutral.

EquityClock's Daily Market Comment

Following is a link:

http://www.equityclock.com/2019/06/10/stock-market-outlook-for-june-11-2019/

Note seasonality charts on Total Vehicle Sales and Job Openings.

Stocktwits released yesterday @equityclock.com

Technical action by S&P 500 stocks to 10:15: Bullish. Intermediate breakouts: $MGM $TROW $LH $TMO $SNPS $TSN $ILMN $EQIX $MCO $AME $RTN. No breadown

Editor's Note: After 10:00 AM EDT, intermediate breakouts included NSC, JKHY and TFX. No breakdowns.

Healthcare Provider iShares $IHF moved above $170.08 extending an intermediate uptrend.

Medical Devices iShares $IHI moved above $233.99 to an all-time high extending an intermediate uptrend.

U.S. Aerospace & Defense iShares $ITA moved above $213.00 extending an intermediate uptrend.

Hudson’s Bay Company $HBC.CA moved above $8.63 on a $9.45 per share offer to take the company private

U.S. Broker iShares $IAI moved above $64.32 extending an intermediate uptrend

Trader's Corner

Equity Indices and related ETFs

Daily Seasonal/Technical Equity Trends for June 10th 2019

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for June 10th 2019

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for June 10th 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 weekly comment:

http://enrichedinvesting.com/wp-content/uploads/2019/06/Rate-Frenzy-Slowdown-Signs-Market-Pattern-Gold-Froth-Dollar-Repeat.pdf?EUR<

S&P 500 Momentum Barometer

The Barometer added 1.80 to 56.51 yesterday. It remains intermediate neutral.

TSX Momentum Barometer

The Barometer slipped 0.64 to 48.10 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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