Tech Talk for Wednesday January 10th 2018

U.S. equity index futures were lower this morning. S&P 500 futures were down 10 points in pre-opening trade.

Signet Jewellers dropped $4.62 to $51.97 after lowering its fourth quarter sales guidance.

Lennar fell $1.12 to $65.55 after reporting less than consensus fourth quarter earnings.

Nutrien gained $0.12 to US$52.80 after Stifel Nicolaus initiated coverage with a Buy rating.

Deere improved $1.20 to $166.80 after RBC Capital upgraded the stock to Outperform from Sector Perform.

EquityClock's Daily Market Comment

Following is a link:

http://www.equityclock.com/2018/01/09/stock-market-outlook-for-january-10-2018/

Note seasonality charts on U.S. Bank industry, 10 Year Treasury Notes, Utility sector, U.S. REIT Index and Job Openings.

Observations

Higher crude oil prices have prompted higher gasoline prices.

'Tis the season for gasoline prices to move higher!

U.S. Interest Rates: OOOPs!

StockTwits Released Yesterday @EquityClock

Johnson & Johnson $JNJ, a Dow Jones Industrial stock moved above $143.80 to an all-time high extending an intermediate uptrend.

Tech action by S&P 500 to 10:00: Bullish. Breakouts: $AMP $BK $L $PRU $SCHW $STI $A $BDX $BSX $JNJ $APH $GPN $AYI

Editor's Note: After 10:00 AM EST, breakouts included BWA, AIG, PNC, STT, NOC, UAL, XLNX, AGN, MTD, HBI, L, GILD, HON, PYPL, ANSS, USB, HOG, MNST, CERN, ADBE. Breakdown: HCP, EXR

Money center banks SPDRs $KBE moved above $48.73 to a 10 year high extending an intermediate uptrend.

Searching for signs of investor euphoria.

More oil services stock breakouts: $CFW.CA $SCL.CA.

Enerplus $ERF.CA moved above $12.93 extending an intermediate uptrend.

Finning International $FTT.CA moved above $32.53 to an all-time high extending an intermediate uptrend.

Cineplex $CGX.CA moved below $35.02 extending an intermediate downtrend.

Another Canadian "gassy" stock "bites the dust"! $AAV.CA

Trader's Corner

Daily Seasonal/Technical Equity Trends for January 9th 2018

Green: Increase from previous day

Red: Decrease from previous day

Daily Seasonal/Technical Commodities Trends for January 9th 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 9th 2018

Green: Increase from previous day

Red: Decrease from previous day

Gold and Silver Outlook for 2018

The Fundamental Technician just released a comment on Kitco. Following is a link:

http://www.kitco.com/news/2018-01-08/Gold-and-Silver-2018-Outlook-The-Fundamental-Technician.html

S&P 500 Momentum Barometer

The S&P 500 Momentum Barometer added 0.20 to 83.00 yesterday. It remains intermediate overbought.

TSX Momentum Barometer

TSX Momentum Barometer added 1.01 to 57.26 yesterday. It remains intermediate overbought and rolling over.

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...