Tech Talk for Friday September 20th 2019

U.S. equity index futures were higher this morning. S&P 500 futures were up 5 points in pre-opening trade

The Canadian Dollar slipped 0.12 to U.S. 75.25 cents following release of Canada's July Retail Sales report. Consensus was an increase of 0.6% versus a revised slip of 0.1% in June. Actual was an increase of 0.4%

Micron added $0.39 to $50.21 after JP Morgan raised its target price to $65 from $50.

Constellation Brands gained $0.66 to $208.00 after MKM Partners initiated coverage with a Buy rating and a $263 target.

Molson Coors gained $0.21 to $55.25 after MKM Partners initiated coverage with a Buy rating and a $66 target.

Texas Instruments gained $0.50 to $129.33 after the company announced a 17% increase on its quarterly dividend.

EquityClock's Daily Market Comment

Following is a link:

http://www.equityclock.com/2019/09/19/stock-market-outlook-for-september-20-2019/

Note seasonality charts on the Healthcare sector and Existing Home Sales

StockTwits released yesterday @EquityClock

Applied Materials $AMAT, a NASDAQ 100 stock moved above $52.18 extending an intermediate uptrend

Microsoft $MSFT, a Dow Jones Industrial stock moved above $141.20 to an all-time high extending an intermediate uptrend.

Solar ETF $TAN moved above $31.80 extending an intermediate uptrend.

Trader's Corner

Equity Indices and related ETFs

Daily Seasonal/Technical Equity Trends for September 19th 2019

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for September 19th 2019

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for September 19th 2019

Green: Increase from previous day

Red: Decrease from previous day

Jon and Don Vialoux at the Toronto MoneyShow

On Saturday, September 21st, we’ll be presenting at the Toronto Money Show on the topic of "Improving Investment Returns by Combining Seasonal, Fundamental, and Technical Analysis."

Panel Workshop Details

Sep. 21, 2:45 PM – 3:30 PM EST

Saturday

Improving Investment Returns by Combining Seasonal, Fundamental, and Technical Analysis

The end of September is the opportune time to review your investment portfolio prior to start of the traditional period of seasonal strength for equity markets in October. Which markets, sectors and securities have the best technical and fundamental profiles this year? Join the father-and-son team of Don and Jon Vialoux for an update.

Attend for free by navigating to the @MoneyShows website: https://conferences.moneyshow.com/moneyshow-toronto/workshop/991d533c1252427eba49b134bd6d6009/improving-investment-returns-by-combining-seasonal-fundamental-and-technical-analysis/?scode=048217 ... $MACRO $STUDYpic.twitter.com/5r5aRNk26H

S&P 500 Momentum Barometer

The Barometer slipped 1.40 to 74.80 yesterday. It remains intermediate overbought.

TSX Momentum Barometer

The Barometer added 5.17 to 70.59 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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