Observations Wild market action before and after Federal Reserve Chairman Powell’s comments! S&P 500 Index moved higher prior to comments and dropped shortly after TSX Composite Index followed a similar, but slightly less volatile pattern Developed world equities and related ETFs followed a similar pattern. Precious metal prices tracked equity markets. The VIX Index moved in the opposite direction. The U.S. Dollar Index and its related ETN tracked the VIX Index Yield on long term Treasuries initially moved higher, but dropped in late trading. The S&P 500 Index, Dow Jones Industrial Average and NASDAQ Composite Index broke below lows set in February/March. The TSX Composite Index dropped to a 27 month low. StockTwits Released Yesterday @EquityClock American Express $AXP, a Dow Jones Industrial stock moved below $100.04 extending an intermediate downtrend. Technical action by S&P 500 stocks to 10:00: Quietly bearish. No intermediate breakouts. Breakdowns: $KMX $AXP $KIM 20 S&P 500 stocks broke intermediate support following Federal Reserve Chairman’s comments. Editor’s Note: Breakdowns included HLT, LB, NKE, MKC, SYY, VAR, VRTX, HOLX, ACN, APH, APH, CSCO, JNPR, LRCX, STX, V and AES. Materials SPDRs $XLB moved below $$50.09 extending an intermediate downtrend. Semiconductor ETF $SMH moved below $86.95 extending an intermediate downtrend. Royal Bank $RY.CA, a TSX 60 stock moved below $93.13 extending an intermediate downtrend. Brookfield Asset Management $BAM, a TSX 60 stock moved below $39.44 U.S. extending an intermediate downtrend. Editor’s Note: Other TSX 60 stocks that broke intermediate support included First Quantum Minerals and Cameco. Trader’s Corner Equity Indices and related ETFs Daily Seasonal/Technical Equity Trends for December 19th 2018 Green: Increase from previous day Red: Decrease from previous day Commodities Daily Seasonal/Technical Commodities Trends for December 19th 2018 Green: Increase from previous day Red: Decrease from previous day Sectors Daily Seasonal/Technical Sector Trends for December 19th 2018 Green: Increase from previous day Red: Decrease from previous day The Astrologers Fund 2019 Forecasts for the Stock Market, Trump, Gold and Crypto by Henry Weingarten Register here to attend our 11.55am December 21 Shindig webinar: https://shindig.com/login/event/astrologer2019 http://www.equityclock.com/about/seasonal-advantage-portfolio/ S&P 500 Momentum Barometer The Barometer dropped 2.80 to 12.20 yesterday. It remains intermediate oversold. TSX Momentum Barometer The Barometer dropped 7.12 to 22.63 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