Tech Talk for Wednesday January 24th 2018

U.S. equity index futures were higher this morning. S&P 500 futures were up 6 points in pre-opening trade. Futures are responding to Treasury Secretary Mnuchin's comments that prompted weakness in the U.S. Dollar Index.

Gold gained $16.50 per ounce in response to Mnuchin's comments.

Fourth quarter reports continue to pour in. Reports released since yesterday's close included Capital On, United Continental, Texas Instruments, Canadian National Railway, Rockwell Autonation, General Electric, United Technologies, Illinois Toolworks, Norfolk Southern, Stanley Black & Decker, Royal Caribbean, General Dynamics and Comcast.

Adobe gained $0.90 to $200.99 after CFRA increased its target price to $268 from $182.

Abercrombie & Fitch added $0.02 to $23.08 after RBC Capital raised its target price to $24 from $16.

Home Depot gained $1.10 to 206.00 after Credit Suisse raise\d its target price to $222 from $183.

EquityClock's Daily Market Comment

Following is a link:

http://www.equityclock.com/2018/01/23/stock-market-outlook-for-january-24-2018/

Note seasonality charts on Dow Jones REIT iShares, Utilities sector and Freight shipments

Don Vialoux on Michael Campbell's Money Talks

The interview was completed last Saturday. Following is a link:

http://moneytalks.net/article-and-commentary/michael-campbell/interview-of-the-week.html

StockTwits Released Yesterday

Technical action by S&P 500 stocks to 11:15: Quiet. Breakouts: $MAC $WY. No breakdowns

Editor's Note: After 11:15 AM EST, breakouts included CB, PAYX, ORCL, BMY and BIIB.

CGI Group $GIB, a TSX 60 stock moved above $54.99 to an all-time high extending an intermediate uptrend.

Imperial Oil $IMO.CA, a TSX 60 stock moved above $39.98 setting intermediate uptrend.

'Tis the season for Imperial Oil to move higher to the end of April!

SNC Lavalin $SNC.CA, a TSX 60 stock moved below $55.03 completing a double top pattern.

Trader's Corner

Daily Seasonal/Technical Equity Trends for January 23rd 2018

Green: Increase from previous day

Red: Decrease from previous day

Daily Seasonal/Technical Commodities Trends for January 23rd 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 23rd 2018

Green: Increase from previous day

Red: Decrease from previous day

S&P 500 Momentum Barometer

The Barometer gained another 1.60 to 84.20 yesterday. It remains intermediate overbought.

TSX Momentum Barometer

The Barometer gained another 0.83 to 62.40 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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