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Tech Talk Financial Network in Timing the market,

Tech Talk for Thursday July 20th 2017

 

StockTwits Released Yesterday @EquityClock

Outlook for the seasonal traded in Gold. See http://www.equityclock.com/2017/07/18/stock-market-outlook-for-july-19-2017/

Techs to 10:00: Bullish: Breakouts: $CBS $DISCK $DISCA $SNI $TRIP $BIIB $GILD $VRTX $ADSK $MSI $GOOGL $ATVI $SYMC. Breakdowns: $MKC $IBM

Editor’s Note: After 10:00 AM EDT, breakouts included EOG, MPC, CBG, ISRG, MOS, HP, NWSA, APA, NWS, MRO, RIG, CTXS, ABT, CSCO, EMN, O and LH. Breakdowns included UAL and CSX.

IBM $IBM, a Dow Jones Industrial stock moved below $149.79 extending an intermediate uptrend.

Software iShares $IGV moved above $142.30 to an all-time high extending an intermediate uptrend.

U.S. Crude Oil ETN $USO moved above $9.63 setting new intermediate uptrend.

Mosaic $MOS moved above $24.45 completing a double bottom pattern.

‘Tis the season for Mosaic to move higher to mid-September.

Selected “gassy” stocks are completing double bottom patterns $BIR.CA $EOG

Editor’s Note: Add Crew Energy to the list.

Methanex $MX.CA moved above $58.35 completing a reverse Head & Shoulders pattern.

Technology SPDRs moved above $57.39 to an all-time high extending an intermediate uptrend.

Oil Service ETF $OIH moved above $25.78 completing a double bottom pattern.

First Trust Natural Gas ETF $FCG moved above $20.97 completing a double bottom pattern.

More energy stocks completing double bottom patterns: $APA $MRO $RIG

Canadian National Railway $CNR.CA moved below Cdn$104.27 completing a double top pattern.

Oil stockpiles fall again, pushing YTD change further below seasonal average despite increased production $USO $XLE

Canada Manufacturing Sales rebound in May, higher by 13.5% (NSA), more than double 5.8% average gain. #CAD #CDNEcon

June Housing starts up by 11.1% (NSA), well above 0.7% average gain; YTD trend remains below average #Economy $MACRO

 

Trader’s Corner

Daily Seasonal/Technical Equity Trends for July 19th 2017

Green: Increase from previous day

Red: Decrease from previous day

 

Daily Seasonal/Technical Commodities Trends for July 19th 2017

Green: Increase from previous day

Red: Decrease from previous day

* Excludes adjustment from rollover of futures contracts

Daily Seasonal/Technical Sector Trends for July 19th 2017

Green: Increase from previous day

Red: Decrease from previous day

 

S&P 500 Momentum Barometer

The Barometer gained another 4.00 to 74.20 yesterday. It became more intermediate overbought

 

TSX Momentum Barometer

The Barometer gained another 8.88 to 49.38 yesterday. It has returned to neutral from oversold.

 

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