Tech Talk for Wednesday January 29th 2020

U.S. equity index futures were higher this morning. S&P 500 futures were up 10 points in pre-opening trade.

Investors are waiting for an FOMC statement on interest rates to be released at 2:00 PM EST. The Fed Fund rate is expected to remain unchanged at 1.75%.

Apple added $5.47 to $323.16 after reporting higher than consensus fiscal first quarter revenues and earnings.

eBay dropped $0.94 to $35.27 after lowering first quarter guidance.

General Electric added $0.70 to $12.43 after reporting higher than consensus fourth quarter earnings.

McDonald's slipped $2.29 to $208.10 after reporting lower than consensus U.S. revenues.

L Brands jumped $1.96 to $22.52 following news that the company is exploring strategic alternative for its Victoria's Secrets unit.

Boeing added $6.84 to $323.40 despite reporting a fourth quarter loss of $2.33 per share.

EquityClock's Daily Market Comment

Following is a link:

http://www.equityclock.com/2020/01/28/stock-market-outlook-for-january-29-2020/

Note seasonality charts on 20 year Treasury Bond iShares and Durable Goods Orders.

StockTwits released yesterday @EquityClock

Base Metals ETN (one third each in copper, zinc and aluminum) $DBB moved below $14.40 setting an intermediate downtrend

US Durable Goods Orders down 3.7% (NSA) in 2019, the weakest calendar year performance since 2009. Average annual increase is 2.1%. $MACRO #Economy #Manufacturing

NetApp $NTAP, a NASDAQ 100 stock moved below $57.19 setting an intermediate downtrend

Trader's Corner

Equity Indices and related ETFs

Daily Seasonal/Technical Equity Trends for January 28th 2020

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for January 28th 2020

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for January 28th 2020

Green: Increase from previous day

Red: Decrease from previous day

S&P 500 Momentum Barometer

The Barometer added 4.61 to 60.12 yesterday. It returned to intermediate overbought on a move back above 60.00.

TSX Momentum Barometer

The Barometer slipped another 0.92 to 62.39 yesterday. It remains intermediate overbought 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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