Tech Talk for Tuesday March 19th 2019

U.S. equity index futures were higher this morning. S&P 500 futures were up 10 points in pre-opening trade.

Nike (NKE $87.82) is expected to open higher after JP Morgan raised its target price to $90 from $85.

Becton Dickenson (BDX $244.67) is expected to open lower after Raymond James lowered its target price to $280 from $290.

Styker (SYK $193.58) is expected to open higher after JP Morgan raised its target price to $215 from $200.

EquityClock's Daily Market Comment

Following is a link:
http://www.equityclock.com/2019/03/18/stock-market-outlook-for-march-19-2019/

Observations

The CRB Index and its related ETN: GSG broke to a four month high extending a reverse Head & Shoulders pattern. 'Tis the season for strength to the end of April!

The Energy sector led the advance in North American equity markets yesterday. Oil service stocks and related ETFs were notably stronger.

Equal Weight Canadian Bank ETF:ZEB moved above $29.26 extending an intermediate uptrend.

StockTwits Released Yesterday @EquityClock

Technical action by S&P 500 stocks to 10:00: Bullish. 17 Breakouts including $AZO $XOM $ROP $AMZN . Breakdown: $EMN

Editor's Note: After 10:00 AM EDT, breakouts included FIS, CPB, COTY, EFX, HON, XRX, JPM, ALL and MTB. Breakdowns included FB and BBBY.

Most of the S&P 500 breakouts were Financial: $AIG $AXP $BAC $BK $C $GS $IVZ $MCO

Financial SPDRs lead the advance by S&P 500 Index this morning. $XLF moved above $26.80 extending an intermediate uptrend.

American Express $AXP, a Dow Jones Industrial stock moved above $114.88 to an all-time high extending an intermediate uptrend.

Goldman Sachs $GS, a Dow Jones Industrial stock moved above $202.47 extending an intermediate uptrend.

Amazon $AMZN, a Dow Jones Industrial stock moved above $1736.41 extending an intermediate uptrend.

Discretionary SPDRs $XLY moved above $111.53 extending an intermediate uptrend.

Palladium ETN $PALL moved above $149.01 to an all-time high extending an intermediate uptrend.

JP Morgan $JPM, a Dow Jones Industrial stock moved above $107.27 extending an intermediate uptrend.

Shaw Communications $SJR, a TSX 60 stock moved above $20.80 U.S. extending an intermediate uptrend.

Facebook $FB, one of the FAANG stocks moved below $159.59 completing a double top pattern.

TMX Group $X.CA moved above $84.37 extending an intermediate uptrend.

Manulife Financial $MFC.CA, a TSX 60 stock moved above $23.00 after winning court case extending an intermediate uptrend.

Energy SPDRs $XLE moved above $66.41 extending an intermediate uptrend.

Trader's Corner.

Equity Indices and related ETFs

Daily Seasonal/Technical Equity Trends for March 18th 2019

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for March 18th 2019

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for March 18th 2019

Green: Increase from previous day

Red: Decrease from previous day

Technical Scoop

Thank you to David Chapman and www.EnrichedInvesting.com Here is the link:

http://enrichedinvesting.com/wp-content/uploads/2019/03/Black-swan-sparks-no-recession-yet-OPEC-vs-NOPEC-dovish-fed-week-hearts-out-to-New-Zealand-victims.pdf

S&P 500 Momentum Barometer

The Barometer added 0.20 to 80.40 yesterday. It remains intermediate overbought.

TSX Momentum Barometer

The Barometer gained 3.36 to 71.43 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

Sponsored By...