Tech Talk for Wednesday August 14th 2019

U.S. equity index futures moved lower this morning. S&P 500 futures were down 39 points in pre-opening trade. Index futures responded partially to an inversion in the Treasury yield curve by two year and ten year treasuries and partially to sharp weakness in European equity indices.

Tilray dropped $4.62 to $41.40 after reporting a bigger than expected quarterly loss.

Canada Goose fell $1.01 to $42.20 after its loss in its fiscal first quarter widened from the same quarter last year.

CBS slipped $0.75 to $47.95 after Bernstein downgraded the stock to Underperform from Outperform.

Bristol Myers added $0.04 to $46.53 after Atlantic Equities upgraded the stock to Overweight from Neutral.

EquityClock's Daily Market Comment

Following is a link:

http://www.equityclock.com/2019/08/13/stock-market-outlook-for-august-14-2019/

Note seasonality chart on the U.S. Consumer Price Index

Observation

Surprisingly little technical action by broadly base equity indices, commodities and sectors yesterday despite general strength.

Trader's Corner

Equity Indices and related ETFs

Daily Seasonal/Technical Equity Trends for August 13th 2019

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for August 13th 2019

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for August 13th 2019

Green: Increase from previous day

Red: Decrease from previous day

Don Vialoux on Michael Campbell's Money Talks

Recorded last Saturday. Following is a link:

https://mikesmoneytalks.ca/complete-show-aug-10th/?mc_cid=9a2ab31a6c&mc_eid=592546b4b5

Momentum Barometers

Percent of S&P 500 and TSX stocks trading above their 50 day moving average has not been available since last Friday. An alternative is the Bullish Percent Index for both markets.

Bullish Percent Index for S&P 500 stocks

The Index added 0.60 to 50.20 yesterday. It remains intermediate neutral.

Bullish Percent Index for TSX stocks

The Index added 0.42 to 61.51 yesterday. It remains intermediate overbought.

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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