Pre-opening Comments for Tuesday September 25th U.S. equity index futures were higher this morning. S&P 500 futures were up 6 points in pre-opening trade. Michael Kors (KORS $66.71) is expected to open lower after the company confirmed plans to purchase Gianni Versace for $2.1 billion. The company also announced plans to change its name to Capri Holdings. Facebook (FB $166.41) is expected to open lower after two key employees, the former founders of Instagram chose to leave the company. Jabil added $0.92 to $31.00 after reporting higher than consensus fiscal fourth quarter sales and earnings. EquityClock’s Daily Market Comment Following is a link: http://www.equityclock.com/2018/09/24/stock-market-outlook-f... Note seasonality charts on U.S. REIT Index, Margin Debt and Credit Balances. Observations Energy stocks on both sides of the border were notably stronger yesterday. Higher energy prices triggered weakness in the Transportation sector and its related ETF. $TRAN $IYT Anticipation of higher interest rates in the U.S. continues to impact the Home Construction industry. ITP fell below $36.68 to a 10 month low. StockTwits Released Yesterday @EquityClock Technical action by S&P 500 stocks to 10:00: Quietly bullish. Intermediate breakouts: $APC $CVX $HES $OXY $EW. Breakdowns: $KORS $GE. Breakouts mainly were energy stocks in response to higher crude oil prices including Chevron $CVX, a Dow Jones Industrial stock. S&P Oil and Gas Exploration iShares $XOP moved above $42.70 setting an intermediate uptrend. Crude Oil ETN $USO moved above $15.75 to a 3 year high extending an intermediate uptrend. Canadian oil stocks also responded to higher crude oil prices $IMO.CA Nice break by Natural Gas today above $2.99 extending its intermediate trend. ‘Tis the season for strength to late December! $UNG “Gassy” stocks and ETFs responded to higher natural gas prices $FCG $ZJN.CA Trader’s Corner Daily Seasonal/Technical Equity Trends for September 24th 2018 Green: Increase from previous day Red: Decrease from previous day Commodities Daily Seasonal/Technical Commodities Trends for September 24th 2018 Green: Increase from previous day Red: Decrease from previous day Sectors Daily Seasonal/Technical Sector Trends for September 24th 2018 Green: Increase from previous day Red: Decrease from previous day Changes in Seasonality Ratings Note changes in ratings indicated above. Following are seasonality charts that show the changes. Following show changes in seasonality by selected industries: Technical Scoop by David Chapman at Enriched Investing Rear View Mirror, Potential Divergence, Fed and Recession Watch, USD but not metals may be Up in Smoke Following is a link: http://www.enrichedinvesting.com/PDF/Technical-Scoop-2018-Sep-24-Final.pdf Tired of seeing your seasonal fund remain stagnant when seasonally favoured sectors move higher? Consider switching to the Seasonal Advantage Portfolio http://www.equityclock.com/About/Seasonal-Advantage-Portfoli... … https://twitter.com/hashtag/SeasonalInvestingDoneRight?src=hash!function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0],p=/^http:/.test(d.location)?'http':'https';if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src=p+"://platform.twitter.com/widgets.js";fjs.parentNode.insertBefore(js,fjs);}}(document,"script","twitter-wjs");t S&P 500 Momentum Barometer The Barometer dropped 9.40 to 63.80 yesterday. It remains intermediate overbought and has started to trend down. TSX Momentum Barometer The Barometer added 2.09 to 42.26 yesterday. It remains intermediate neutral and trending down. 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