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Tech Talk Financial Network in Timing the market,

Tech Talk for Wednesday August 2nd 2017

 

Observations

The U.S. coal industry ETF briefly moved above $14.69 to a three year high, much to the chagrin of the environmentalists.

Apple reported higher than consensus quarterly results after the close last night. The stock moved to an all-time high at $159.21 following release of the news.

 

StockTwits Released Yesterday @EquityClock

S&P 500 Index has gained in 56% of Augusts over past 50 years averaging a return of 0.1%. See

http://www.equityclock.com/2017/07/31/stock-market-outlook-for-august-1-2017/

Air Canada $AC.CA moved above $20.93 to all-time high extending an intermediate uptrend.

WestJet $WJA.CA moved above $25.88 to a 2 year high on news extending an intermediate uptrend.

Technicals by S&P 500 stocks to 10:00: Bearish. Breakouts: $C $APD. Breakdowns: $HSIC $HRS $ECL $REGN $ETN $HCP $CMI

Editor’s Note: After 10:00 EDT, breakouts included VZ, WYN, WMT, PEG and FTV. Breakdowns included VTR MTD XRAY, HCN MLM, GRMN, CSX and IDXX.

Germany iShares $EWG moved above $31.15 extending an intermediate uptrend.

Telus $T.CA, a TSX 60 stock moved above $45.83 to all-time high extending an intermediate uptrend.

 

Trader’s Corner

Daily Seasonal/Technical Equity Trends for August 1st 2017

Green: Increase from previous day

Red: Decrease from previous day

 

Daily Seasonal/Technical Commodities Trends for August 1st 2017

Green: Increase from previous day

Red: Decrease from previous day

* Excludes adjustment from rollover of futures contracts

Daily Seasonal/Technical Sector Trends for August 1st 2017

Green: Increase from previous day

Red: Decrease from previous day

 

Don and Jon Vialoux are speakers at this year’s MoneyShow Toronto

Topic: Expected equity trends during the first 18 months of a Trump Administration

History shows that election of a Republican president following a two term Democrat president does not go well during the first nine months of his Presidency. Changes in Washington move slower than anticipated and the President’s mandates are delayed. Thereafter, a bull market in the U.S. ensues and the Canadian equity market goes along for the ride.

The MoneyShow Toronto 2017

September 8-9, 2017

Metro Toronto Convention Centre

The MoneyShow Toronto 2017 is the premier education event for self-directed investors and active traders in Canada. Your no-cost, two-day pass will give you unlimited access to meet and hear from the most successful experts in 60+ interactive workshops covering exciting array of topics to fit your investing and trading needs. Join us as we speak about the topic above. Whatever your experience, portfolio size, or risk posture, you simply cannot afford to miss this event.

Visit https://goo.gl/PMkw5X for information on registration, speakers, workshops, and more!

S&P 500 Momentum Barometer

The Barometer added 0.13 to 64.73 yesterday. It remains intermediate overbought and trending down.

 

TSX Momentum Barometer

The Barometer added 1.03 to 46.03 yesterday. It remains intermediate neutral.

 

Disclaimer: Seasonality and technical ratings offered in this report 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