Tech Talk for Thursday January 4th 2018

U.S. equity index futures were higher this morning. S&P 500 futures were up 6 points in pre-opening trade. Dow Jones Industrial Average futures are expected to open just below 25,000.

Index futures moved slightly higher following release of economic news. Consensus for December ADP Private Employment was a decline to 185,000 from 190,000 in November. Actual was 250,000. Consensus for Weekly Jobless Claims was a decline to 240,000 from 247,000 last week. Actual was 250,000.

L Brands dropped $6.28 to $51.88 after lowering its fiscal fourth quarter guidance. .

Republic Services gained 40.68 to $67.58 after Stifel Nicolaus upgraded the stock to Buy from Hold.

Tesla dropped $8.35 to $308.90 after reporting lower than consensus auto sales.

EquityClock's Daily Market Comment

Following is a link:

http://www.equityclock.com/2018/01/03/stock-market-outlook-for-january-4-2018/

Note seasonality charts on the Biotech sector, Construction Spending and the Homebuilding industry.

StockTwits Released Yesterday @EquityClock

Tech action by S&P 500 stocks to 10:15: Bullish. Breakouts: $DHI $LKQ $ULTA $PKI $ZBH $COL $CTXS $GLW $EMN $WRK $SCG. Breakdowns: $FTV $MSI

Editor's Note: After 10:15 AM EST, breakouts included NFLX, AMGN, NFX, UPS, ARNC, FB and AME. Breakdowns: DTE and MAA

Precision Drilling $PDS moved above US$3.24 completing a reverse Head & Shoulders pattern.

Russia ETF $RSX moved above $21.71 extending an intermediate uptrend.

Auto ETF $CARZ moved above $42.56 to an all-time high extending an intermediate uptrend.

AMEX Biotech ETF $FBT moved above $127.62 to a 30 month high extending an intermediate uptrend. 'Tis the season for strength!

Netflix $NFLX, one of the FAANG stocks moved above $204.38 to an all-time high extending an intermediate uptrend.

Editor's Note: By the end of the day, two more FAANG stocks moved to all-time highs, Alphabet and Facebook.

More oil services stock breakouts: $RIG $NE

Medical Devices ETF $IHI moved above $177.99 to an all-time high extending an intermediate uptrend.

Platinum ETN $PPLT moved above $$91.22 changing trend.

'Tis the season for strength in Platinum $PPLT to the end of April.

Trader's Corner

Daily Seasonal/Technical Equity Trends for January 3rd 2018

Green: Increase from previous day

Red: Decrease from previous day

Daily Seasonal/Technical Commodities Trends for January 3rd 2018

Green: Increase from previous day

Red: Decrease from previous day

* Excludes adjustment from rollover of futures contracts

Daily Seasonal/Technical Sector Trends for January 3rd 2018

Green: Increase from previous day

Red: Decrease from previous day

Schachter Energy Report Update

Josef recently turned positive on the Canadian energy sector. Yesterday, he published his "Action Alert List". Focus is on "gassy" and oil services stocks. More information is available at www.schachterenergyreport.ca

Keith Richards' Blog

Keith notes, "Materials sector less bullish for Canadian investors. Following is a link: http://www.valuetrend.ca/materials-sector-less-bullish-canadian-investors/

S&P 500 Momentum Barometer

S&P 500 Momentum Barometer gained another 3.80 to 79.60 yesterday. It remains intermediate overbought.

TSX Momentum Barometer

TSX Momentum Barometer slipped 0.42 to 65.42 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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