Tech Talk for Wednesday March 13th 2019

U.S. equity index futures were higher this morning. S&P 500 futures were up 7 points in pre-opening trade.

Index futures were virtually unchanged following release of economic news at 8:30 AM EDT. Consensus for January Durable Goods Orders was a drop of 0.6% versus an increase of revised 1.3% in December. Actual was an increase of 0.4%. Excluding Transportation, consensus for January Durable Goods Orders was an increase of 0.2% versus a gain of 0.1% in December. Actual was an increase of 0.8%. Consensus for February Producer Prices was an increase of 0.2% versus 0.1% in January. Actual was an increase of 0.1%. Excluding food and energy, consensus for February Producer Prices was an increase of 0.2% versus a gain of 0.3% in January. Actual was an increase of 0.1%.

Carnival Cruise Lines added $1.04 to $56.30 after Goldman Sachs upgraded the stock to Buy from Neutral.

CVS Health gained $0.50 to $55.15 after Bernstein initiated coverage with an Outperform rating.

Aurora Cannabis (ACB $10.64) is expected to open higher after Nelson Peltz was granted an option to purchase 20 million shares.

EquityClock's Daily Market Comment

Following is a link:

http://www.equityclock.com/2019/03/12/stock-market-outlook-for-march-13-2019/

Note seasonality charts on the Industrial sector and U.S. Consumer Prices.

Observation

7-10 Year Treasury Bond iShares moved above $104.89 to a 21 month high extending an intermediate uptrend.

StockTwits released yesterday @EquityClock

Technical action by S&P 500 stocks to 10:00: Quiet. Intermediate breakouts: $LH $SBAC. Breakdown: $FFIV

Editor's Note: After 10:00 AM EDT, one intermediate breakout: RIG. No breakdowns.

New Flyer Industries $NFI.CA moved below intermediate support at $33.00.

Franco -Nevada $FNV, a TSX 60 stock moved above $77.82 U.S. to a 15 month high extending an intermediate uptrend.

Eldorado Gold $ELD.CA moved above $6.25 extending an intermediate uptrend

Trader's Corner.

Equity Indices and related ETFs

Daily Seasonal/Technical Equity Trends for March 12th 2019

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for March 12th 2019

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for March 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 S&P 500 Barometer slipped 0.20 to 81.80 yesterday. It remains intermediate overbought.

TSX Momentum Barometer

The TSX Barometer slipped 0.84 to 73.95 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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