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Tech Talk Financial Network in Timing the market,

Tech Talk for Thursday January 4th 2018

 

StockTwits Released Yesterday @EquityClock

Tech action by S&P 500 stocks to 10:15: Bullish. Breakouts: $DHI $LKQ $ULTA $PKI $ZBH $COL $CTXS $GLW $EMN $WRK $SCG. Breakdowns: $FTV $MSI

Editor’s Note: After 10:15 AM EST, breakouts included NFLX, AMGN, NFX, UPS, ARNC, FB and AME. Breakdowns: DTE and MAA

Precision Drilling $PDS moved above US$3.24 completing a reverse Head & Shoulders pattern.

Russia ETF $RSX moved above $21.71 extending an intermediate uptrend.

Auto ETF $CARZ moved above $42.56 to an all-time high extending an intermediate uptrend.

AMEX Biotech ETF $FBT moved above $127.62 to a 30 month high extending an intermediate uptrend. ‘Tis the season for strength!

Netflix $NFLX, one of the FAANG stocks moved above $204.38 to an all-time high extending an intermediate uptrend.

Editor’s Note: By the end of the day, two more FAANG stocks moved to all-time highs, Alphabet and Facebook.

More oil services stock breakouts: $RIG $NE

Medical Devices ETF $IHI moved above $177.99 to an all-time high extending an intermediate uptrend.

Platinum ETN $PPLT moved above $$91.22 changing trend.

‘Tis the season for strength in Platinum $PPLT to the end of April.

 

Trader’s Corner

Daily Seasonal/Technical Equity Trends for January 3rd 2018

Green: Increase from previous day

Red: Decrease from previous day

 

Daily Seasonal/Technical Commodities Trends for January 3rd 2018

Green: Increase from previous day

Red: Decrease from previous day

* Excludes adjustment from rollover of futures contracts

Daily Seasonal/Technical Sector Trends for January 3rd 2018

Green: Increase from previous day

Red: Decrease from previous day

 

Schachter Energy Report Update

Josef recently turned positive on the Canadian energy sector. Yesterday, he published his “Action Alert List”. Focus is on “gassy” and oil services stocks. More information is available at www.schachterenergyreport.ca

 

Keith Richards’ Blog

Keith notes, “Materials sector less bullish for Canadian investors. Following is a link: http://www.valuetrend.ca/materials-sector-less-bullish-canadian-investors/

 

S&P 500 Momentum Barometer

S&P 500 Momentum Barometer gained another 3.80 to 79.60 yesterday. It remains intermediate overbought.

 

TSX Momentum Barometer

TSX Momentum Barometer slipped 0.42 to 65.42 yesterday. It remains intermediate overbought.

 

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