StockTwits Released Yesterday @EquityClock Technical action by S&P 500 stocks to 10:00: Nil Editor’s Note: After 10:00 AM EST, intermediate breakouts included TWTR, DLR and CHD. Breakdowns: DRI, TGT and FLT Trader’s Corner Equity Indices and related ETFs Daily Seasonal/Technical Equity Trends for December 11th 2018 Green: Increase from previous day Red: Decrease from previous day Commodities Daily Seasonal/Technical Commodities Trends for December 11th 2018 Green: Increase from previous day Red: Decrease from previous day Sectors Daily Seasonal/Technical Sector Trends for December 11th 2018 Green: Increase from previous day Red: Decrease from previous day A Closer Examination of the Copper/Base Metals sector The sector looks attractive for a seasonal trade to spring. Possible ways to play the sector: Copper futures Copper ETN: JJCTF Copper equity ETF: COPX Base Metal Equity ETFs: PICK, XBM.TO ZMT.TO Base Metal equities Country ETF: ECH Fourth quarter earnings reports by major base metals producers will be mixed: lower on a year-over-year basis when copper in the fourth quarter last year averaged $3.10 U.S. per lb, but higher than the third quarter this year when copper averaged $2.65 per lb. Many producers likely will offer positive guidance when fourth quarter results are released. Technicals for copper improved yesterday: Intermediate trend already was up. Relative strength recently turned up. Short term indicators (20 and 50 day moving averages/ short term momentum) turned higher. A move by copper futures above $2.87 U.S. will extend an intermediate uptrend and attract technical buying. Seasonal influences for copper turn positive this week for a potential seasonal move to the end of April. Copper inventories on the London Metal Exchange recently dropped below their lowest level in five years. Ditto for zinc inventories! Largest demand for copper/base metals comes from China. Successful U.S/China trade negotiations during the next three months will boost significantly the demand for copper in China. Chile is the largest copper producing country in the world. Its ETF closely tracks the price of copper. Technical action by individual base metal stocks (e.g. Hudbay Minerals, Lundin Mining,Teck Resources) already has turned positive. All established intermediate uptrends and positive strength relative to the TSX Composite Index and S&P 500 Index during the past six weeks. Seasonal influences for base metal equity indices, stocks and ETFs recently turned positive for a move into spring. S&P 500 Momentum Barometer The Barometer added 1.40 to 30.20 yesterday. It remains intermediate oversold. TSX Momentum Barometer The Barometer dropped another 2.48 to 29.75 yesterday. It remains intermediate oversold. 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