Tech Talk for Wednesday April 24th 2019

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

U.S. equity indices are testing their all-time highs. All-time inter-day high for the S&P 500 Index is 2940.91. All-time inter-day high for the NASDAQ Composite Index is 8,133.30.

Caterpillar slipped $2.21 to $139.82 despite reporting higher than consensus first quarter sales and earnings.

AT&T dropped $0.73 to $31.37 after reporting lower than consensus first quarter revenues.

Texas Instruments slipped $1.58 to $114.80 despite reporting higher than consensus first quarter sales and earnings.

eBay (EBAY $36.67) is expected to open higher after reporting higher than consensus first quarter sales and earnings. The company also offered positive guidance.

EquityClock's Daily Market Comment

Following is a link:

http://www.equityclock.com/2019/04/23/stock-market-outlook-for-april-24-2019/

Note seasonality chart on the Russell 2000 Index.

StockTwits released yesterday @EquityClock

echnical action by S&P 500 stocks to 10:00: Bullish. Intermediate breakouts: $HAS $RIG $RTN $TWTR. Breakdown: $ALB

Gold and silver breakdowns this morning: $PAAS $KGC $SMF.CA

Coal ETF $KOL moved above $13.90 setting an intermediate uptrend.

Netflix $NFLX, one of the FAANG stocks moved above $379.00 extending an intermediate uptrend

Encana $ECA.CA $ECA, a TSX 60 stock moved above $10.15 Cdn and $7.65 U.S. extending an intermediate uptrend

Editor's Note: Tourmaline $TOU.CA also broke to a new high in late trading.

Extendicare $EXE.CA moved above $7.62 extending an intermediate uptrend.

Home Capital $HCG.CA moved above $17.66 setting an intermediate uptrend

Trader's Corner

Equity Indices and related ETFs

Daily Seasonal/Technical Equity Trends for April 23rd 2019

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for April 23rd 2019

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for April 23rd 2019

Green: Increase from previous day

Red: Decrease from previous day

Keith Richard's Blog

Outlook for oil. See:

https://www.valuetrend.ca/outlook-for-oil/

S&P 500 Momentum Barometer

The Barometer added 8.80 to 74.80 yesterday. It remains intermediate overbought.

TSX Momentum Barometer

The Barometer dropped 4.73 to 60.83 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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