Tech Talk for Tuesday March 12th 2019

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Pre-opening Comments for Tuesday March 12th

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

Index futures were virtually unchanged following release of the February Consumer Price Index at 8:30 AM EDT. Consensus was an increase of 0.2% versus a drop of 0.1% in January. Actual was an increase of 0.2%. Excluding food and energy, consensus was an increase of 0.2% versus a gain of 0.2% in January. Actual was an increase of 0.1%..

ADT fell $0.89 to $6.70 after reporting a fourth quarter loss.

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Dick’s Sporting Goods dropped $2.42 to $36.47 after reporting lower than consensus fourth quarter sales. The company also issued lower than consensus guidance.

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NVidia (NVDA $161.14) is expected to open higher after SunTrust raised its target price to $210 from $195.

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EquityClock’s Daily Comment

Following is a link:

http://www.equityclock.com/2019/03/11/stock-market-outlook-for-march-12-2019/

Note seasonality charts on Retail Sales and Technology sector relative to the S&P 500.

 

StockTwits released yesterday @EquityClock

Technical action by S&P 500 stocks to 10:00: Quietly bullish. Intermediate breakouts: $WMB $MLM. No breakdowns.

Editor’s Note: After 10:00 AM EST, one more breakout: ES. No breakdowns.

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Trader’s Corner.

Equity Indices and related ETFs

Daily Seasonal/Technical Equity Trends for March 11th 2019

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Green: Increase from previous day

Red: Decrease from previous day

 

Commodities

Daily Seasonal/Technical Commodities Trends for March 11th 2019

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Green: Increase from previous day

Red: Decrease from previous day

 

Sectors

Daily Seasonal/Technical Sector Trends for March 11th 2019

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Green: Increase from previous day

Red: Decrease from previous day

Technical Scoop

By David Chapman compliments of www.enrichedinvesting.com

http://enrichedinvesting.com/wp-content/uploads/2019/03/Canada-Jobs-Sparkle-Trade-Deficits-Widen-Houses-and-Ships-Signal-Slowdown-Dollar-Gains-Gold-Corrects.pdf

 

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http://www.equityclock.com/about/seasonal-advantage-portfolio/

 

S&P 500 Momentum Barometer

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The Barometer added 6.20 to 82.00 yesterday. It remains intermediate overbought.

 

TSX Momentum Barometer

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The Barometer gained 4.62 to 74.79 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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10 Responses to “Tech Talk for Tuesday March 12th 2019”

  1. Rol Lew Says:

    TD8150

    Hi Paula, Is there any more detail on this somewhere on the web?
    This is all I could find – which is not very much

    https://www.quicken.com/investing/mutual-funds/MUTUAL:TDB8150/TD-Investment-Savings-Account

    Thx

  2. mael11 Says:

    For info on TD8150 go to ;
    https://www.td.com/ca/en/asset-management/additional-solutions/

  3. Mary Says:

    Hi Ron

    The DOW is down 94 points as I write, S&P and Nasdaq up. Many stocks are up a lot. I am seeing kind of divergence. Am I over thinking? Cannabis stocks having a great day.

    Appreciate your comments and where you see the S&P heading. Thanks.

  4. Ron/BC Says:

    Not at a computer now. Dow is just responding to Boeing plunge aircraft disaster. I posted the $SPX chart and comments Monday or perhaps Friday’s post. Price tested important technical support and is now testing major resistance of 2815. A break out above could see a blow off to the October high of 2940 and beyond. Big test now in this tight range.

  5. dutchcanuck Says:

    Mary #3
    Boeing is taking the DOW down.

  6. Mary Says:

    Ron and Dutchcanuck

    Thanks, I thought its a bull trap and was planning on selling my stocks. I have to review past postings, just came back from Japan.

  7. KC Says:

    Hello Ron/BC,

    Would love to hear your updated TA on ECA now that it has bounced off the uptrend line.

    Also, about CDW Corp. Do you see it breaking resistance and heading for a short term bump up ?

    Thanks,
    KC

  8. Paula Says:

    Rol Lew re your #1. TDB8150

    I see that mael11 gave you a more timely response. I phoned and talked to someone about this, which sometimes is easier than figuring it out from a website.

  9. DougP Says:

    Thanks Ron Lew and mael11 for info on TD’s TDB8150 and other related funds. These do not show up on the Webbroker listings of funds. My interest lies in my advisory role in management of a RESP account. While the account contains the usual list of quality Canadian dividend stocks plus a good chunk of TDB902 (an S&P 500 ETF), I like to have a solid cash reserve that will carry at least two years of expenses; the RESP is already being used by one recipient, and another will be tapping it in 18 months from now. So really I need three student-years worth of reserve cash. As I see it, one cannot incorporate GICs into this RESP account, so I use TDB164 Money Market fund, which is very cheap, very convenient, and pays close to 1.5% p.a. From reading earlier comments it appeared that other TD funds offer more, which they do, but the difference is so small that I don’t think it is worth bothering with after all. I would be most interested to learn how others are dealing with this particular problem, i.e. how to manage a cash reserve in a RESP.

  10. Ron/BC Says:

    DougP

    I don’t know much at all about Money Market Funds as they have always payed very little interest. I have the bulk of my cash with Tangerine that is paying me 3% for cash that I can remove anytime I wish. Also Oaken Financial pays 3% on a one year GIC and Coast Capital in Victoria pay 3% on a 3 year convertible GIC so if rates rise you can switch to the new higher rate GIC. I did hear of a Money Market Fund that pays 2.5% on U.S.$ but have not put U.S.$ in there yet and am still considering this. JP/BC advised me on that one. Also EQ Bank pays 2.35% for a 3 month GIC. That’s not long to wait to get your hands on your money. And I believe you can use registered money for this or not. If you open an account with Interactive Brokers they pay 1.9% on U.S.$ sitting in your account.

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