Tech Talk for Tuesday October 13th 2020

Vietnam ETF (VNM) moved above $15.20 extending an intermediate uptrend.

Wills Tower Watson (WLTW), a NASDAQ 100 stock moved above $218.58 to an all-time high extending an intermediate uptrend.

Pre-opening Comments for Tuesday October 13th

U.S. equity indices moved lower this morning. S&P500 futures were down 6 points in pre-opening trade.

Index futures were virtually unchanged following release of the September U.S. Consumer Price Index at 8:30 AM EDT. Consensus was an increase of 0.2% versus a gain of 0.4% in August. Actual was an increase of 0.2%. Excluding food and energy, consensus was an increase of 0.2% versus a gain of 0.4% in August. Actual was an increase of 0.2%

Walt Disney gained $6.33 to $131.30 after announcing a reorganization of its media division.

JP Morgan Chase added $1.38 to $103.80 after reporting higher than consensus third quarter earnings.

Blackrock added $23.61 to $638.50 after reporting higher than consensus third quarter earnings.

Micron advanced $1.11 to $51.79 after Deutsche Bank upgraded the stock from Hold to Buy.

EquityClock's Daily Comment

Following is a link:

http://www.equityclock.com/2020/10/11/stock-market-outlook-for-october-13-2020/

Technical Notes for October 12th

FAANG stocks + Microsoft led the advance by broadly based U.S. equity indices yesterday. Apple was a prominent leader in anticipation of news today about its new 5G iPhone.

Consumer Discretionary SPDRs (XLY) moved above $153.81 to an all-time high extending an intermediate uptrend.

Materials SPDRs (XLB) moved briefly above $66.82 to an all-time high extending an intermediate uptrend, but retreated in late trading.

Healthcare SPDRs (XLV) moved above $109.31 to an all-time high extending an intermediate uptrend.

Global Timber iShares (WOOD) moved above $68.05 extending an intermediate uptrend.

EAFE iShares (EFA) moved above $66.02 extending an intermediate uptrend.

Ford (F), an S&P 100 stock moved above $7.74 extending an intermediate uptrend.

Colgate Palmolive (CL), an S&P 100 stock moved above $80.10 to an all-time high extending an intermediate uptrend.

IDEXX Laboratories (IDXX), a NASDAQ 100 stock moved above $407.86 to an all-time high extending an intermediate uptrend.

Cintas (CTAS), a NASDAQ 100 stock moved above $307.65 to an all-time high extending an intermediate uptrend.

CDW Corp (CDW), a NASDAQ 100 stock moved above $128.79 extending an intermediate uptrend.

Verisk Analytics (VRSK), a NASDAQ 100 stock moved above $193.32 to an all-time high extending an intermediate uptrend.

Synopsys (SNPS), a NASDAQ 100 stock moved above $230.12 to an all-time high extending an intermediate uptrend.

T Mobile (TMUS), a NASDAQ 100 stock moved above $119.20 to an all-time high extending an intermediate uptrend.

Surprising weakness in the grain ETN yesterday!!

Trader's Corner

Daily Seasonal/Technical Equity Trends for October 12th 2020

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for October 12th 2020

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for October 12th 2020

Green: Increase from previous day

Red: Decrease from previous day

Technical Scoop

Thank you to David Chapman and www.EnrichedInveting.com for a link to the weekly Technical Scoop . Headline reads, "Destabilizing swan, eery comparison, golden best, supply predictor, miraculous recovery, stimulus whipsaw" Following is the link:

https://www.enrichedinvesting.com/wp-content/uploads/2020/10/Destabilizing-swan-eery-comparison-golden-best-supply-predictor-miraculous-recovery-stimulus-whipsaw.pdf?EUR<

S&P 500 Momentum Barometer

The Barometer added 3.61 to 78.71 yesterday. It remains intermediate overbought, but has yet to shows signs of rolling over.

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

Sponsored By...