Tech Talk for Wednesday January 16th 2019

U.S. equity index futures were higher this morning. S&P 500 futures were up 5 points in pre-opening trade.

First Data gained $3.50 to $20.99 and Fiserv dropped $3.44 to 71.60. Fiserv has offered to acquire First Data (FDC $) in a share exchange valued at $22 billion. Each share of First Data will convert into 0.303 shares of Fiserv.

United Continental (UAL $81.20) is expected to open higher after reporting higher than consensus fourth quarter results.

Nordstrom (JWN $47.26) is expected to open lower after lowering its fiscal fourth quarter guidance.

Goldman Sachs gained $5.58 to $185.46 after reporting higher than consensus fourth quarter earnings.

Bank of America gained $1.22 to $27.77 after reporting higher than consensus fourth quarter earnings.

EquityClock's Daily Market Comment

Following is a link:

http://www.equityclock.com/2019/01/15/stock-market-outlook-for-january-16-2019/

Note seasonality chart on the Empire State Manufacturing Survey.

StockTwits Released Yesterday @EquityClock

Facebook $FB, one of the FAANG stocks moved above $147.19 completing a double bottom pattern.

Hudbay Minerals $HBM.CA moved above $7.34 completing a Reverse Head & Shoulders pattern.

'Tis the season for Hudbay Minerals $HBM.CA and other base metal stocks to move higher to May!

Technical action by S&P 500 stocks to 10:15: Quietly bullish. Intermediate breakouts: $FB $UNH $AVGO $CNP. No breakdowns.

Editor's Note: After 10:15 AM EST, breakouts included AFL and VRSN. Breakdown: $GT.

'Tis the season for Broadcom $AVGO to move higher to the end of March!

UnitedHealth Group $UNH, a Dow Jones Industrial stock moved above $250.28 on higher than consensus Q4 earnings completing a short term bottom pattern.

Barrick Gold $ABX.CA, a TSX 60 stock moved below $16.06 Cdn. extending an intermediate downtrend.

TMX Group $X.CA moved above$73.62 completing a base building pattern.

Empire State Manufacturing Survey shows +7.6 in January, firmly below +12.3 that is average for the month. $MACRO #Economy #Manufacturing

Bonavista Energy $BNP.CA, a "gassy" Canadian energy stock moved above $1.35 extending an intermediate uptrend.

'Tis the season for Canadian energy stocks to move higher to May! $XEG.CA

Trader's Corner

Equity Indices and related ETFs

Daily Seasonal/Technical Equity Trends for January 15th 2019

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for January 15th 2019

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for January 15th 2019

Green: Increase from previous day

Red: Decrease from previous day

S&P 500 Momentum Barometer

Percent of S&P 500 stocks trading above their 50 day moving average slipped 3.00 to 35.60 yesterday. It remains intermediate oversold, but continues to trend higher.

TSX Momentum Barometer

Percent of TSX stocks trading above their 50 day moving average increased yesterday by 6.30 to 68.07. It remains intermediate overbought, but continues to trend higher.

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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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