Tech Talk for Tuesday September 18th 2018

U.S. equity index futures were higher this morning. S&P 500 futures were up 4 points in pre-opening trade.

FedEx dropped $6.22 to $249.51 after reporting lower than consensus fiscal first quarter earnings.

Oracle dropped $1.87 to $47.31 after reporting lower than consensus fiscal first quarter revenues.

Red Hat fell $2.37 to $142.00 after JP Morgan lowered its target price to $150 from $160.

Facebook fell $1.61 to $58.97 after JP Morgan lowered its target price to $195 from $205.

EquityClock's Daily Market Comment

Following is a link:

http://www.equityclock.com/2018/09/17/stock-market-outlook-for-september-18-2018/

Note seasonality chart on the Empire State Manufacturing Survey.

Observations

British Pound moved above 131.32 signalling completion of a bottoming pattern.

Israel iShares surged to an all-time high on a move above $56.74

StockTwits Releasd Yesterday @EquityClock

Technical action by S&P 500 stocks to 10:00: Bullish. Intermediate breakouts: $COP $HRS $ORCL $IP. No breakdowns.

Editor's Note: After 10:00 AM EDT, breakouts included $BBBY $DISH $MCK $ALB $MOS $PG

Agriculture ETFs $MOO $COW.CA $SOIL moved higher thanks to strength in fertilizer stocks: $NTR $MOS $CF

'Tis the season' for strength in Agriculture stocks and ETFs: $MOO $COW.CA $SOIL $NTR $MOS $CF.

Trader's Corner

Equities and Related ETFs

Daily Seasonal/Technical Equity Trends for September 17th 2018

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for September 17th 2018

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for September 17th 2018

Green: Increase from previous day

Red: Decrease from previous day

Technical Scoop

Link to David Chapman's latest Technical Scoop compliments of Enriched Investing

http://www.enrichedinvesting.com/PDF/Technical-Scoop-2018-Sep-17-Final.pdf

S&P 500 Momentum Barometer

The Barometer dropped 3.20 to 67.80 yesterday. It remains intermediate overbought and rolling over.

TSX Momentum Barometer

The Barometer added 0.84 to 39.08 yesterday. It remains intermediate oversold, but continues to trend down.

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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