Tech Talk for Wednesday January 30th 2019

U.S. equity index futures were higher this morning. S&P 500 futures were up 9 points in pre-opening trade.

Index futures were virtually unchanged following release of the ADP report at 8:15 AM EDT Consensus for January ADP Employment was a drop to 175,000 from 271,000 in November. Actual was 213,000.

Apple gained $8.17 to $162.85 after offering guidance on new products.

Advanced Micro Devices added $1.94 to $21.19 after releasing positive guidance.

Canadian National Railway (CNI CNR.TO) is expected to open higher after announcing an 18% increase in its dividend.

Boeing jumped $22.10 to 387.01 after reporting higher than consensus fourth quarter sales and earnings. The company also raised guidance.

EquityClock's Daily Market Comment

Following is a link:

http://www.equityclock.com/2019/01/29/stock-market-outlook-for-january-30-2019/

Technical Action Yesterday

TSX Composite Index moved above 15,393.05 extending an intermediate uptrend.

Silver ETN SLV moved above $14.80 extending an intermediate uptrend.

'Tis the season for silver SLV to move higher to April!

Gold Equity ETFs GDX and GDXJ moved above $21.54 and $31.58 respectively extending an intermediate uptrend.

Editor's Note: Add XGD.TO to the list

Agnico-Eagle AEM moved above $41.53 U.S. extending an intermediate uptrend.

'Tis the season for Agnico-Eagle AEM, gold stocks and gold equity ETFs to move higher to the end of February!

BHP Billiton BHP moved above $48.75 and $49.10 to a three year high extending an intermediate uptrend.

'Tis the season for BHP Billiton and base metal stocks to move higher to the end of April!

Franco-Nevada FNV.TO moved above $99.68 Cdn extending an intermediate uptrend.

Industrial Alliance IAG.TO moved above $48.68 and $49.07 completing a reverse Head & Shoulders pattern.

Equally Weighted Canadian Bank ETF ZEB.TO moved above $28.40 extending an intermediate uptrend

'Tis the season for Canadian Financial Services stocks and ETFs to move higher to mid-April! XFN.TO ZEB.TO IAG.TO

Constellation Software CSU.TO, a TSX 60 stock moved above $1000.50 extending an intermediate uptrend.

BCE BCE.TO, a TSX 60 stock moved above $56.93 extending an intermediate uptrend.

Technical action by S&P 500 stocks yesterday: Bullish. Intermediate breakouts: LLL, HRS, AVY, ALB, WHR, MAA, TDG, ARE, EQR and OMC. Breakdown: ABBV.

Trader's Corner

Equity Indices and related ETFs

Daily Seasonal/Technical Equity Trends for January 29th 2019

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for January 29th 2019

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for January 29th 2019

Green: Increase from previous day

Red: Decrease from previous day

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Feb 1 & 2 in Vancouver
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Wall Street Raw Update

Hosted by Mark Leibovit

Due to travel and a presentation deadlines,.there will be no live recording of Wall Street Raw Radio on February 1. Next broadcast February 8.

Editor's Note: Mark Leibovit and Don Vialoux are presenters at the 2019 World Outlook Conference

S&P 500 Momentum Barometer

The Barometer added 2.80 to 73.00 yesterday. It remains intermediate overbought, but continues to trend higher.

TSX Momentum Barometer

The Barometer added 0.42 to 79.75 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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