Tech Talk for Wednesday February 13th 2019

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

Index futures were virtually unchanged following release of the January Consumer Price Index at 8:30 AM EST. Consensus was an increase of 0.1% versus a decline of 0.1% in December. Actual was unchanged. Excluding food and energy, consensus for the January Consumer Price Index was an increase of 0.2% versus a gain of 0.2% in December. Actual was an increase of 0.2%.

The Shanghai Composite Index moved above 2703 to 2721 last night completing a double bottom pattern.

Hilton (HLT $74.32) is expected to open higher after reporting higher than consensus fourth quarter sales and earnings.

TripAdvisors dropped $2.80 to $57.59 after reporting lower than consensus fourth quarter earnings.

Akamai Technology added $0.42 to $69.75 after reporting higher than consensus fourth quarter earnings.

Louisiana Pacific gained $0.57 to $24.84 after announcing a $600 million share buyback program.

EquityClock's Daily Market Comment

Following is a link:

http://www.equityclock.com/2019/02/12/stock-market-outlook-for-february-13-2019/

Note seasonality chart on U.S. Job Openings.

Observations

U.S. equity indices managed to reach new recent highs following news that Congress moved to avoid another government shutdown. Note that the S&P 500 Index, Dow Jones Industrial Average and NASDAQ Composite Index are bumping their heads on the red line, the 200 day moving average.

StockTwits Released Yesterday @EquityClock

Technical action by S&P 500 stocks to 10:00: Bullish. Intermediate breakouts: $MTB $PBCT $ALK $UNP No breakdowns.

Editor's Note: After 10:00 AM EST, intermediate breakouts included AZO, ADP, PAYX, AEP, ANET, ADSK, FTV, ROL, BLK, ABT, ADBE, SHW, AEE, XEL, APD, EIX, GLW, DHI, GPC, TROW, ISRG and GPN.

Vietnam ETF $VNM moved above $15.97 completing a double bottom pattern.

Editor's Note: Frontier and Emerging markets such as Vietnam continue to show an improving technical profile. Nice move by Frontier iShares above $28.66 extending a base building pattern!

Industrial SPDRs $XLI moved above $74.00 extending an intermediate uptrend

Another gold producer stock breakout! New Gold $NGD.CA moved above $1.65 extending an intermediate uptrend

CCL Industries $CCL.B.CA, a TSX 60 stock moved above $57.53 extending an intermediate uptrend.

Total put-call ratio currently 0.68. Should it close around this level, it would be the lowest since January 23rd of last year. $CPC $SPX

Job Openings show the largest percentage growth on record last year, up 31.9%. $MACRO $STUDY #JOLTS #Employment

Agriculture ETF $COW.CA moved above $37.72 extending an intermediate uptrend

Trader's Corner.

Equity Indices and related ETFs

Daily Seasonal/Technical Equity Trends for February 12th 2019

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for February 12th 2019

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for February 12th 2019

Green: Increase from previous day

Red: Decrease from previous day

http://www.equityclock.com/about/seasonal-advantage-portfolio/

S&P 500 Momentum Barometer

The Barometer added 6.00 to 87.60 yesterday. It remains intermediate overbought.

TSX Momentum Barometer

The Barometer added 1.28 to 82.55 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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