Tech Talk for Wednesday October 14th 2020

Exelon (EXC), an S&P 100 stock moved above $41.54 resuming an intermediate uptrend.

Pre-opening Comments for Wednesday October 14th

U.S. equity index futures were mixed this morning. S&P 500 futures unchanged in pre-opening trade.

Index futures were virtually unchanged following release of the September U.S. Producer Price Index at 8:30 AM EDT. Consensus was an increase of 0.2% versus a gain of 0.3% in August. Actual was an increase of 0.4%. Excluding food and energy, consensus was an increase of 0.9% versus a gain of 0.6% in August. Actual was an increase of 0.4%.

Bank of America slipped $0.55 to $24.40 after reporting lower than consensus third quarter revenues.

Goldman Sachs gained $6.29 to $217.00 after reporting higher than consensus third quarter earnings.

UnitedHealth Group advanced $2.58 to $334.00 after reporting higher than consensus third quarter revenues and profits. The company also raised guidance.

Peleton added $0.98 to $132.00 after Truist raised its target price from $115 to $144.

EquityClock's Daily Comment

Following is a link:

http://www.equityclock.com/2020/10/13/stock-market-outlook-for-october-14-2020/

Note seasonality charts on the KBW Banks Index and U.S. Consumer Price Index

Technical Notes for Tuesday October 13th

Vietnam ETF (VNM) moved above $15.20 extending an intermediate uptrend.

Wills Tower Watson (WLTW), a NASDAQ 100 stock moved above $218.58 to an all-time high extending an intermediate uptrend.

Micron (MU), a NASDAQ 100 stock moved above $52.17 resuming an intermediate uptrend following an upgrade to Buy by Deutsche Bank

KLA Tencor (KLAC), a NASDAQ 100 stock moved above $218.57 to an all-time high extending an intermediate uptrend.

ASML Holdings (ASML), a NASDAQ 100 stock moved above $402.86 to an all-time high extending an intermediate uptrend.

Canadian forest product stocks moved below short term support levels including Canfor (CFP), West Fraser (WFT) and Interfor (IFP).

Trader's Corner

Daily Seasonal/Technical Equity Trends for October 13th 2020

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for October 13th 2020

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for October 13th 2020

Green: Increase from previous day

Red: Decrease from previous day

S&P 500 Momentum Barometer

The Barometer slipped 5.62 to 73.09 yesterday. It remains intermediate overbought.

TSX Momentum Barometer

The Barometer eased 1.88 to 58.69 yesterday. It changed from intermediate overbought to intermediate neutral on a move below 60.00.

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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