Tech Talk for Wednesday February 21st 2018

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

Amazon added $15.05 to $1483.40 after MKM Partners raised its target price to $1.750 from $1,350.

Garmin gained $0.57 to $65.43 after reporting higher than consensus fourth quarter sales and earnings.

Maple Leaf Foods (MFI $34.98) is expected to open higher after reporting higher than consensus quarterly results. The company also raised its dividend.

EquityClock's Daily Market Comment

Following is a link:

http://www.equityclock.com/2018/02/20/stock-market-outlook-for-february-21-2018/

Observation

Gasoline prices continue to move higher. 'Tis the season for strength to the end of May!

StockTwits Released Yesterday @EquityClock

Technical action by S&P 500 stocks to 10:00: Quiet. No intermediate breakouts. Breakdown: $WMT

Editor's Note: After 10:00 AM EST, breakouts included ALLE, NVDA, CRM and ADBE. No breakdowns.

Coffee ETN $JO moved below $14.64 extending an intermediate downtrend.

Cascades $CAS.CA moved above $16.16 extending an intermediate uptrend.

Bombardier $BBD.B.CA, a TSX 60 stock moved above $3.75 extending an intermediate uptrend.

Trader's Corner

Daily Seasonal/Technical Equity Trends for February 20th 2018

Green: Increase from previous day

Red: Decrease from previous day

Daily Seasonal/Technical Commodities Trends for February 20th 2018

Green: Increase from previous day

Red: Decrease from previous day

* Excludes adjustment from rollover of futures contracts

Daily Seasonal/Technical Sector Trends for February 20th 2018

Green: Increase from previous day

Red: Decrease from previous day

S&P 500 Momentum Barometer

The Barometer dropped 6.40 to 41.60 yesterday. It remains intermediate neutral after reaching an intermediate bottom.

TSX Momentum Barometer

The Barometer slipped 0.41 to 25.71 yesterday. It remains intermediate oversold after reaching an intermediate bottom.

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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