Tech Talk for Wednesday June 5th 2019

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

Index futures moved lower following release of the May ADP Employment Report at 8:15 AM EDT. Consensus was 173,000 versus 275,000 in April. Actual was 27,000.

Salesforce.com gained $4.39 to $155.20 after the company reported higher than consensus first quarter earnings. The company also raised guidance.

UnitedHealth Group (UNH $240.76) is expected to open higher after the company raised its dividend by 20%.

American Eagle Outfitters added $1.24 to $18.52 after reporting higher than consensus first quarter sales and earnings.

Campbell Soup gained $0.74 to $38.11 after reporting higher than consensus fiscal third quarter sales and earnings.

EquityClock's Daily Market Comment

Following is a link:

http://www.equityclock.com/2019/06/04/stock-market-outlook-for-june-5-2019/

Note seasonality charts on Gold and Manufacturers' New Orders.

StockTwits released yesterday @EquityClock

Technical action by S&P 500 stocks to 10:00: Bullish. Intermediate breakouts: $HAS $TGT $MDT $APD $COO. Breakdown: $NCLH

Editor's Note: After 10:00 AM EDT, breakouts included CME, ECL, PNC, CF, UA, XRX and IFF. Breakdowns included RCL and DLR.

Cameco $CCJ $CCO.CA moved above $10.45 U.S. and $14.00 Cdn. completing a short term double bottom pattern.

Uranium producer ETF $URA completed a double bottom pattern on a move above $11.69. Largest holding is $CCJ.

Solar ETF $TAN moved above $26.25 extending an intermediate uptrend.

US Factory Orders down 6.3% (NSA) in April, stronger than the 7.3% decline that is average for the month. $MACRO #Economy #Manufacturing

Trader's Corner

Equity Indices and related ETFs

Daily Seasonal/Technical Equity Trends for June 4th 2019

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for June 4th 2019

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for June 4th 2019

Green: Increase from previous day

Red: Decrease from previous day

S&P 500 Momentum Barometer

The Barometer jumped 9.62 to 40.08 yesterday. It moved to intermediate neutral from intermediate oversold on a move above 40.00, but maintains a downtrend.

TSX Momentum Barometer

The Barometer gained 3.78 to 46.64 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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