Tech Talk for Wednesday March 27th 2019

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

Index futures were virtually unchanged following release of the January trade deficit report. Consensus was $57.50 billion versus $59.80 billion in December. Actual was $51.1 billion.

The Canadian Dollar was virtually unchanged following release of Canada's January trade deficit report. Consensus was $3.85 billion versus $4.59 billion in December. Actual was$4.25 billion

Starbucks (SBUX $72.96) is expected to open higher after Wedbush raised its target price to $70 from $66. Starbucks has just launched a new customer incentive program.

Lennar (LEN $49.71) is expected to open lower after reporting lower than consensus first quarter sales and earnings.

Gildan Activewear (GIL $48.50) is expected to open lower after the company announced a write off following liquidation by a distributor.

Carnival Cruise (CCL $51.71) is expected to open lower after Instinet and Stifel Nicolaus lowered their target price on the stock.

EquityClock's Daily Market Comment

Following is a link:

http://www.equityclock.com/2019/03/26/stock-market-outlook-for-march-27-2019/

Note seasonality chart on Housing Starts

StockTwits released yesterday @EquityClock

Suddenly, the yield on 10-year treasury bonds relative to 3-month bills matters? equityclock.com/2019/03/25/… $TLT $IEF $STUDY

Technical action by S&P 500 stocks to 10:00: Mixed. Intermediate breakouts: $BBBY $CHD $FRT. Breakdowns: $CCL $NCLH $RCL $CI

Editor's Note: After 10:00 AM EDT, breakouts included WU and GRMN. Breakdowns included ANTM, UAL and ALB

US #Housing Starts down 4.5% (NSA) in February, negatively diverging from the 5.0% average increase for the month. $MACRO #Economy

US Home Prices showing an average change to start the year, down 0.2% (NSA), a shift from heated pace seen early last year. $MACRO #Housing

Telecom iShares $IYZ moved above $29.79 extending an intermediate uptrend

Canadian lumber stocks remain under technical pressure. $WFT.CA moved below $62.84 extending an intermediate downtrend.

Trader's Corner.

Equity Indices and related ETFs

Daily Seasonal/Technical Equity Trends for March 26th 2019

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for March 26th 2019

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for March 26th 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 slipped 0.40 to 62.40 yesterday. It remains intermediate overbought and trending down.

TSX Momentum Barometer

The Barometer dropped another 2.88 to 64.20 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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