Tech Talk for Tuesday February 13th 2018

U.S. equity index futures were lower this morning. S&P 500 futures were down 8 points in pre-opening trade.

AmerisourceBergen gained $12.00 to $101.45 on reports that Walgreen is in discussions to take over the company.

ADT added $0.37 to $13.05 after RBC Capital initiated coverage with an Outperform rating. Target is $16.

Under Armour jumped $1.12 to $14.30 after reporting higher than consensus fourth quarter revenues.

EquityClock's Daily Market Comment

Following is a link:

http://www.equityclock.com/2018/02/12/stock-market-outlook-for-february-13-2018/

Note seasonality charts on the Utility sector, U.S. REIT Index and Canada Employment.

Observations

Nice bounce by broadly based U.S. equity indices from their 200 day moving average!

Josef Schachter on BNN's Market Call Today

Following are links to Josef's appearance yesterday:

https://www.bnn.ca/video/josef-schachter-s-top-picks~1324733 Top Picks

https://www.bnn.ca/video/josef-schachter-s-past-picks~1324697 Past Picks

https://www.bnn.ca/video/josef-schachter-s-market-outlook~1324682 Market Outlook

Josef offered a bullish case for Canadian "gassy" stocks. He noted that a drop in U.S. inventories below the 1 trillion cubic foot level during the next couple of weeks due to colder than average weather in Eastern U.S. states could trigger a short term surge in natural gas prices and natural gas stock prices. As indicated in the chart below, inventories recently set 5 year lows for this time of year.

StockTwits Released Yesterday @EquityClock

Surprisingly, no S&P 500 stocks broke intermediate support or resistance yesterday.

Aecon Group $ARE.CA moved below $19.13 on news that the Canadian government is reviewing its takeover by a Chinese company.

Trader's Corner

Daily Seasonal/Technical Equity Trends for February 12th 2018

Green: Increase from previous day

Red: Decrease from previous day

Daily Seasonal/Technical Commodities Trends for February 12th 2018

Green: Increase from previous day

Red: Decrease from previous day

* Excludes adjustment from rollover of futures contracts

Daily Seasonal/Technical Sector Trends for February 12th 2018

Green: Increase from previous day

Red: Decrease from previous day

S&P 500 Momentum Barometer

The Barometer gained 7.60 to 25.80 yesterday. Nice bounce from a deeply oversold level! More technical evidence is needed to confirm a bottom.

TSX Momentum Barometer

The Barometer gained 4.84 to 17.96 yesterday. Nice bounce from a deeply oversold level. More technical evidence is needed to confirm a bottom.

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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