Tech Talk for Tuesday May 28th 2019

U.S. equity index futures were mixed this morning. S&P 500 futures were unchanged in pre-opening trade.

Bank of Nova Scotia (BNS $70.57) is expected to open lower after reporting lower than consensus fiscal second quarter earnings.

Husky Energy (HSE $12.51) is expected to open higher after raising its 2019 cash flow guidance.

Apple (AAPL $178.97) is expected to open lower after Citigroup lowered its target price to $205 from $220.

Amazon gained $8.76 to $1832.04 after Cowen raised its target price to $2500 from $2400.

EquityClock's Daily Market Comment

Following is a link:

http://www.equityclock.com/2019/05/24/stock-market-outlook-for-may-28-2019/

Note study on the S&P 500 Index during the U.S. Memorial Day week and the seasonality chart on Durable Goods Orders.

GlobeInvestor Article by Don Vialoux

Headline reads, "Why investors should be looking down under for a seasonal trade". Following is a link:

https://www.theglobeandmail.com/investing/markets/etfs/article-why-investors-should-be-looking-down-under-for-a-seasonal-trade/

StockTwit released yesterday @EquityClock

Home Capital Group $HCG.CA moved above $19.31 extending an intermediate uptrend.

Trader's Corner

Equity Indices and related ETFs

Daily Seasonal/Technical Equity Trends for May 27th 2019

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for May 27th 2019

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for May 27th 2019

Green: Increase from previous day

Red: Decrease from previous day

Keith Richard's Blog

Keith asks, "Is gold, or the gold producers ETF (XGD) a good buy right now"? Following is a link:

https://www.valuetrend.ca/ask-me-anything-2/

Technical Scoop

David Chapman's Weekly Comment compliments of www.enrichedinvesting.com

http://enrichedinvesting.com/wp-content/uploads/2019/05/Not-final-top-trade-war-spook-sliding-economic-numbers-falling-bond-yields-metals-below-breakout.pdf

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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