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Tech Talk for Thursday October 1st 2015

 

Mr. Vialoux on BNN Yesterday

North American equity markets currently are in the weakest three week period in the year. Weakness during this period is setting up for equity market’s period annual period of seasonal strength from late October to early May. The current three week period provides an opportunity to buy equities on weakness.

Following is a link:

http://www.bnn.ca/Video/player.aspx?vid=716451

 

Interesting Charts

Canadian bank stocks led the advance in the TSX Composite yesterday. ‘Tis the season for strength in the sector until the end of November!

Interesting short term head and shoulders pattern by the Grain ETN!

More technical evidence that the S&P 500 Index reached an intermediate low on August 25th! Percent of S&P 500 stocks trading above their 50 day moving average continues to recover despite significant volatility by the Index. The Index appears to be forming a double bottom pattern.

Ditto for the TSX Composite Index!

 

StockTwits Released Yesterday

Technical activity by S&P 500 stocks to 10:15: Quiet. Breakouts: $RL, $NI. No breakdowns.

Tech Talk Note: After 10:15 AM, Breakouts included Intel and WEC Energy Group. Breakdowns included Mattel, Autodesk and ADT.

Nice breakout by $INTC above $30.23 to complete a reverse head and shoulders pattern!

‘Tis start of the season for strength in Intel !

Bank of Montreal $BMO.CA completed a base building pattern on a move above $71.87.

‘Tis the season for strength in $BMO until the end of November!

 

Trader’s Corner

Equity Indices

Daily Seasonal/Technical Equity Trends for September 30th 2015

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for September 30th 2015


Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for September 30th 2015

Green: Increase from previous day

Red: Decrease from previous day

Special Free Services available through www.equityclock.com

Equityclock.com is offering free access to a data base showing seasonal studies on individual stocks and sectors. The data base holds seasonality studies on over 1000 big and moderate cap securities and indices. To login, simply go to http://www.equityclock.com/charts/

Following is an example:

 

Keith Richards’ Blog

Keith is starting to take a more bullish stance on equity markets. Following is a link to his report:

http://www.valuetrend.ca/d-day/

 

 Special Annual CSTA 2015 Event

Technicians Day!

Register now..

In 2014 The CSTA held an annual meeting on the web that was the most successful meeting ever held by the CSTA.

This year, we are doing it again!! 

Join us on October 17, 2015.

Location Agendas: Toronto, Calgary, Winnipeg

With National Speakers Tom Demark and Ron Meisels; this will be a fabulous conference!

Don Vialoux is one of the speakers in Winnipeg.

 

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.