Tech Talk for Tuesday January 9th 2018

U.S. equity index futures were higher this morning. S&P 500 futures were up 2 points in pre-opening trade.

The Canadian Dollar was virtually unchanged following release of Canadian December Housing report. Starts at 8:15 AM EST. Consensus was 211,000 versus 251,000 in November. Actual was 217,000.

Target gained $2.40 to $69.58 after raising its fiscal fourth quarter profit and sales estimates

Under Armour dropped $0.58 to $14.20 after lowering fiscal fourth quarter guidance. Also, Susquehanna downgraded the stock to Negative from Neutral.

Amazon gained $7.13 to $1,254.00 after Piper Jaffray raised its target price on the stock to $1,400 from $1,200.

PayPal added $1.02 to $80.07 after Cowen upgraded the stock to Outperform from Market Perform. Target was raised to $88 from $67.

EquityClock's Daily Market Comment

Following is a link:

http://www.equityclock.com/2018/01/08/stock-market-outlook-for-january-9-2018/

Note seasonality chart on Margin Debt.

Observation

STOXX Europe 600 Index moved above 398.05 to a 30 month high extending an intermediate uptrend.

StockTwits Released Yesterday @EquityClock

Technical action by S&P 500 stocks to 10:15: Bullish. Breakouts: $CBOE $NDAQ $INFO $ROP $RTN $FLIR $NVDA. Breakdowns: $ESS $FRT

Editor's Note: After 10:15 AM EST, breakouts included ALGN, HRS, NTAP, XRX, FAST, XRX, DHR, CSX and ALB. Breakdowns: BBBY, CELG

Pan American Silver $PAAS moved above $15.89 completing a reverse Head & Shoulders pattern.

'Tis the season for Pan American Silver $PAAS to move higher to the end of February!

Toronto Dominion $TD.CA, a TSX 60 stock moved above $75.09 to an all-time high extending an intermediate uptrend.

Canadian "gassy" stocks remain under pressure. Breakdowns by $PEY.CA and $BIR.CA

Another oil services stock, Ensign Energy Services $ESI.CA breaks out. 'Tis the season for strength to April!

Trader's Corner

Daily Seasonal/Technical Equity Trends for January 8th 2018

Green: Increase from previous day

Red: Decrease from previous day

Daily Seasonal/Technical Commodities Trends for January 8th 2018

Green: Increase from previous day

Red: Decrease from previous day

* Excludes adjustment from rollover of futures contract

Daily Seasonal/Technical Sector Trends for January 8th 2018

Green: Increase from previous day

Red: Decrease from previous day

S&P 500 Momentum Barometer

The Barometer was unchanged yesterday at 82.80. It remains intermediate overbought.

TSX Momentum Barometer

The Barometer dropped another 3.33 yesterday to 56.25. 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

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