Tech Talk for Tuesday March 29th 2016

Pre-opening Comments for Tuesday March 29^th

U.S. equity index futures were lower this morning. S&P 500 futures were down 5 points in pre-opening trade. Investors are waiting for a speech to be made by Federal Reserve Chairperson Janet Yellen at Noon.

Lions Gate added $0.27 to $21.83 after Pacific Crest initiated coverage with an Overweight rating and a $27 target.

Chipotle slipped $10.30 to $465.01 after Wedbush downgraded the stock to Underperform from Neutral. Target is $400.

Lennar added $1.59 to $48.29 after reporting higher than consensus first quarter revenues and earnings.

MMM (MMM $166.00) is expected to open higher after issuing positive long term earnings guidance.

Foot Locker added $1.12 to $66.32 after its shares were added to the S&P 500 Index this Friday. Foot Locker replaces Cameron International.

EquityClock’s Daily Market Comment

Following is a link:

http://www.equityclock.com/2016/03/28/stock-market-outlook-for-march-29-2016/

StockTwits Released Yesterday

Excluding transportation, new orders for durable goods is trending above the seasonal average so far in 2016.

Technical action by S&P 500 stocks to 10:00 AM: Quiet. One stock broke resistance: $IPG. None broke support.

Editor’s Note: After 10:00 AM, technical action remained quiet. Additional breakouts: General Electric and Robert Half. Breakdown: GameStop

Nice breakout by General Electric $GE above resistance at $31.24 to reach a 14 year high.

Trader’s Corner

Daily Seasonal/Technical Equity Trends for March 28^th 2016

Green: Increase from previous day

Red: Decrease from previous day

Daily Seasonal/Technical Commodities Trends for March 28^th 2016

Green: Increase from previous day

Red: Decrease from previous day

Daily Seasonal/Technical Sector Trends for March 28^th 2016

Green: Increase from previous day

Red: Decrease from previous day

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Disclaimer: Seasonality and technical ratings offered in this report by www.timingthemarket.ca and 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