Tech Talk for Tuesday September 25th 2018

U.S. equity index futures were higher this morning. S&P 500 futures were up 6 points in pre-opening trade.

Michael Kors (KORS $66.71) is expected to open lower after the company confirmed plans to purchase Gianni Versace for $2.1 billion. The company also announced plans to change its name to Capri Holdings.

Facebook (FB $166.41) is expected to open lower after two key employees, the former founders of Instagram chose to leave the company.

Jabil added $0.92 to $31.00 after reporting higher than consensus fiscal fourth quarter sales and earnings.

EquityClock's Daily Market Comment

Following is a link:

http://www.equityclock.com/2018/09/24/stock-market-outlook-for-september-25-2018/

Note seasonality charts on U.S. REIT Index, Margin Debt and Credit Balances.

Observations

Energy stocks on both sides of the border were notably stronger yesterday.

Higher energy prices triggered weakness in the Transportation sector and its related ETF. $TRAN $IYT

Anticipation of higher interest rates in the U.S. continues to impact the Home Construction industry. ITP fell below $36.68 to a 10 month low.

StockTwits Released Yesterday @EquityClock

Technical action by S&P 500 stocks to 10:00: Quietly bullish. Intermediate breakouts: $APC $CVX $HES $OXY $EW. Breakdowns: $KORS $GE.

Breakouts mainly were energy stocks in response to higher crude oil prices including Chevron $CVX, a Dow Jones Industrial stock.

S&P Oil and Gas Exploration iShares $XOP moved above $42.70 setting an intermediate uptrend.

Crude Oil ETN $USO moved above $15.75 to a 3 year high extending an intermediate uptrend.

Canadian oil stocks also responded to higher crude oil prices $IMO.CA

Nice break by Natural Gas today above $2.99 extending its intermediate trend. 'Tis the season for strength to late December! $UNG

"Gassy" stocks and ETFs responded to higher natural gas prices $FCG $ZJN.CA

Trader's Corner

Daily Seasonal/Technical Equity Trends for September 24th 2018

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for September 24th 2018

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for September 24th 2018

Green: Increase from previous day

Red: Decrease from previous day

Changes in Seasonality Ratings

Note changes in ratings indicated above. Following are seasonality charts that show the changes.

Following show changes in seasonality by selected industries:

Technical Scoop

by David Chapman at Enriched Investing

Rear View Mirror, Potential Divergence, Fed and Recession Watch, USD but not metals may be Up in Smoke

Following is a link:

http://www.enrichedinvesting.com/PDF/Technical-Scoop-2018-Sep-24-Final.pdf

Tired of seeing your seasonal fund remain stagnant when seasonally favoured sectors move higher? Consider switching to the Seasonal Advantage Portfolio http://www.equityclock.com/About/Seasonal-Advantage-Portfolio/ ... #SeasonalInvestingDoneRight

S&P 500 Momentum Barometer

The Barometer dropped 9.40 to 63.80 yesterday. It remains intermediate overbought and has started to trend down.

TSX Momentum Barometer

The Barometer added 2.09 to 42.26 yesterday. It remains intermediate neutral and trending 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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