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Tech Talk for Thursday November 9th 2017

 

StockTwits Released Yesterday @EquityClock

Wendy’s moved below $14.16 on earnings news extending an intermediate downtrend.

Linamar $LNR.CA moved below $76.55 on news establishing an intermediate downtrend.

DaVita $DVA moved below $53.58 extending an intermediate downtrend.

CSRA $CSRA moved below $30.79 extending an intermediate downtrend.

Palladium ETN $PALL moved above $96.19 to an all-time high extending an intermediate uptrend.

‘Tis the season for strength in Palladium! $PALL

Valeant Pharma $VRX.CA, a TSX 60 stock moved above resistance at $18.50 and $18.89.

Extendicare $EXE.CA moved above $9.47 completing a base building pattern.

Domestic production of crude hits the highest level on record at 9.62M bpd, up by 9.7% YTD. $USO $CL_F #OIL

 

Trader’s Corner

Daily Seasonal/Technical Equity Trends for November 8th 2017

Green: Increase from previous day

Red: Decrease from previous day

 

Daily Seasonal/Technical Commodities Trends for November 8th 2017

Editor’s Note: Technical scores on precious metals and precious metal stocks continue to creep higher despite strength in the U.S. Dollar Index

Green: Increase from previous day

Red: Decrease from previous day

* Excludes adjustment from rollover of futures contracts

Daily Seasonal/Technical Sector Trends for November 8th 2017

Green: Increase from previous day

Red: Decrease from previous day

S&P 500 Momentum Barometer

The Barometer added 1.00 to 65.40 yesterday. It remains intermediate overbought and trending down.

 

TSX Momentum Barometer

The Barometer slipped 1.25 to 68.33 yesterday. It remains intermediate overbought and trending down.

 

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