Tech Talk for Friday January 12th 2018

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

Index futures moved lower following release of economic news at 8:30 AM EST. Consensus for December Consumer Prices was an increase of 0.1% versus a gain of 0.4% in November. Actual was an increase of 0.1%. Excluding food and energy, December Consumer Prices was an increase of 0.2% versus a gain of 0.1% in November. Actual was an increase of 0.3%. Consensus for December Retail Sales was an increase of 0.4% versus a gain of 0.8% in November. Actual was an increase of 0.4%. Excluding auto sales, consensus for December Retail Sales was an increase of 0.4% versus a gain of 0.1% in November. Actual was an increase of 0.4%.

Fourth quarter reports by major companies began to flow into equity markets this morning. Reporting companies included JP Morgan Chase, Blackrock and Wells Fargo.

Kohl's gained $2.06 to $63.18 after several investment dealers raised their target price on the stock.

McDonald's added $0.43 to $173.82 after JP Morgan raised its target price to $186 from $175.

Starbucks gained $0.11 to $60.11 after JP Morgan raised its target price to $64 from $60.

Microsoft gained $0.30 to $88.38 after KeyBanc Capital increased its target to $106 from $94

EquityClock's Daily Market Comment

Following is a link:
http://www.equityclock.com/2018/01/11/stock-market-outlook-for-january-12-2018/

Note seasonality charts on the Energy, Industrial, Materials and Consumer Discretionary sectors.

StockTwits Released Yesterday @EquityClock

Technical action by S&P 500 stocks to 10:30: Quietly mixed. Breakouts: $EXPE $ANTM $AOX $ATVI. Breakdowns: $INCY $EQIX.

Editor's Note: After 10:30 AM EST, breakouts included CRM, DAL, DG, VRTX, MGM, NEM, JEC and XYL. Breakdown: AEP.

Industrial Alliance $IAG.CA moved above $61.34 to an all-time high extending an intermediate uptrend.

Cogeco Cable $CCA.CA moved below $84.46 extending an intermediate downtrend.

Record U.S. natural gas inventory drawdown setting new five year lows for this time of year. $UNG

TransAlta $TA.CA moved below $7.13 extending an intermediate downtrend.

Crescent Point $CPG.CA moved above $33.07 extending an intermediate uptrend.

Gasoline ETN $UGA moved above $33.07 extending an intermediate uptrend. 'Tis the season for strength to May!

Newmont Mining $NEM moved above $38.76 extending an intermediate uptrend. 'Tis the season for strength to the end of February.

Trader's Corner

Daily Seasonal/Technical Equity Trends for January 11th 2018

Green: Increase from previous day

Red: Decrease from previous day

Daily Seasonal/Technical Commodities Trends for January 11th 2018

Green: Increase from previous day

Red: Decrease from previous day

* Excludes adjustment from rollover of futures contracts

Daily Seasonal/Technical Sector Trends for January 11th 2018

Green: Increase from previous day

Red: Decrease from previous day

S&P 500 Momentum Barometer

The S&P 500 Barometer added 1.20 to 80.40 yesterday. It remains intermediate overbought.

TSX Momentum Barometer

The TSX Barometer slipped another 0.41 to 54.77 yesterday. It remains intermediate overbought and rolling over.

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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