Tech Talk for Tuesday January 23rd 2018

U.S. equity index futures were slightly lower this morning. S&P 500 futures were down 2 points in pre-opening trade.

Fourth quarter reports continue to pour in. Companies reporting results included Netflix, TD Ameritrade, Johnson & Johnson, Procter & Gamble, Travelers, Kimberly Clark and Verizon.

Adobe added $5.16 to $203.00 after the company raised its first quarter and full year guidance.

Netflix jumped $23.29 to $250.87 after reporting higher than consensus quarterly results. JP Morgan KeyBanc, Piper Jaffray, RBC Capital, Wedbush, Stifel Nicolaus, Oppenheimer and Moness raised their target price on the stock.

Whirlpool gained $6.85 to $173.50 after the U.S. placed a tariff on washing machine imports.

EquityClock's Daily Market Comment

Following is a link:

http://www.equityclock.com/2018/01/22/stock-market-outlook-for-january-23-2018/

Note seasonality charts on the Biotech industry, U.S. Energy sector and CAC 40 index.

StockTwits Released Yesterday @EquityClock

Technical action by S&P 500 stocks to 10:15: Quietly bullish. Breakouts: $PEP $PM $CINF $GPS. Breakdowns: $LLY $GGP.

Editor's Note: After 10:15 AM EST, breakouts included GS, ADM and YUM. No breakdowns.

iShares NASDAQ Biotech ETF $IBB moved above $114.03 extending an intermediate uptrend.

Goldman Sachs $GS, a Dow Jones Industrial stock moved above $248.84 to an all-time high extending an intermediate uptrend.

CI Financial $CIX.CA moved above $29.85 extending an intermediate uptrend.

Oil services sector is leading U.S. equity indices on the upside $OSX $OIH 'Tis the season for strength!

Trader's Corner

Daily Seasonal/Technical Equity Trends for January 22nd 2018

Green: Increase from previous day

Red: Decrease from previous day

Daily Seasonal/Technical Commodities Trends for January 22nd 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 22nd 2018

Green: Increase from previous day

Red: Decrease from previous day

S&P 500 Momentum Barometer

The Barometer gained 1.00 to 82.60 yesterday. It remains intermediate overbought

TSX Momentum Barometer

The Barometer gained 2.07 to 61.57 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

Sponsored By...