Tech Talk for Tuesday July 10th 2018

U.S. equity index futures were higher this morning. S&P 500 futures were up 4 points in pre-opening trade.

Pepsico gained $3.64 to $111.40 after reporting higher than consensus second quarter revenues and core earnings.

Celgene advanced $1.30 to $85.15 after reporting positive results in a breast cancer trial.

eBay slipped $0.66 to $37.25 after SunTrust downgraded the stock to Hold from Buy.

Urban Outfitter eased $0.48to $45.32 after KeyBanc Capital downgraded the stock to Sector Perform from Outperform.

EquityClock's Daily Market Comment

Following is a link:

http://www.equityclock.com/2018/07/09/stock-market-outlook-for-july-10-2018/

Note seasonality charts on the U.S. Financial sector and U.S. Vehicle Sales.

Observations

TSX Composite Index closed at an all-time closing high.

The Biotech sector continues to move seasonally higher. FBT broke to an all-time high.

Oooops!

StockTwits Released Yesterday @EquityClock

Russian ETF $RSX moved above $21.84 extending an intermediate uptrend.

FaceBook $FB, one of the FAANG stocks moved above $203.55 to an all-time high extending an intermediate uptrend.

Technical activity by S&P 500 stocks to 10:00: Bullish. Intermediate breakouts included $DISH $GRMN $HSIC $ISRG $FB $IT. No breakdowns.

Editor's Note: After 10:00 AM EDT, breakouts included NLSN, EXPE, COO, ANTM, PRGO, WLTW, AJG, HP, JNPR, CTSH and NOV.

Pharmaceutical ETF $ PPH moved above $60.68 extending an intermediate uptrend.

Open Text $OTEX moved above $36.68 U.S. resuming an intermediate uptrend.

MidCap SPDRs $MDY moved above $365.08 to an all-time high extending an intermediate uptrned.

First Trust Natural Gas ETF $FCG moved above $23.98 extending an intermediate uptrend.

Editor's Note: Ditto for BMO Junior Gas ETF! It closed at an 18 month high.

Canadian National Railway $CNR.CA $CNI, a TSX 60 stock moved above $110.35 to an all-time high extending an uptrend.

Trader's Corner

Daily Seasonal/Technical Equity Trends for July 9th 2018

Green: Increase from previous day

Red: Decrease from previous day

Daily Seasonal/Technical Commodities Trends for July 9th 2018

Green: Increase from previous day

Red: Decrease from previous day

Daily Seasonal/Technical Sector Trends for July 9th 2018

Green: Increase from previous day

Red: Decrease from previous day

S&P Momentum Barometer

The Barometer added another 9.20 to 68.40 yesterday. It has returned to an intermediate overbought level from an intermediate neutral level, but continues to trend higher. Typical of the summer rally period!

TSX Momentum Barometer

The Barometer added another 0.96 to 66.67 yesterday. It remains intermediate overbought, but continues to trend higher.

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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