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Tech Talk for Tuesday October 6th 2015

 

Interesting Charts

Double bottom patterns continue to evolve by North American equity indices. All moved above their 20 day moving average.

Percent of S&P 500 stocks trading above their 50 day moving average continued to surge.

S&P Consumer Staples Index and related ETF were the first to break resistance and form a new intermediate uptrend.

Silver led a strong gain in commodity prices.

Strength in silver prompted positive technical action in gold/silver stocks and related ETFs

 

StockTwits released yesterday

Technicals by S&P 500 stocks to 10:30: Bullish. 38 stocks broke resistance. None broke support. Strongest: Energy, Industrials, Technology

Editor’s Note: After 10:30 AM EDT, another 26 S&P 500 stocks broke resistance.

Another Canadian bank broke above a base building pattern. $CM.CA broke above Cdn $96.94

‘Tis the season for strength in $CM!

 

Trader’s Corner

Most of the gains came from moves above the 20 day moving average

Daily Seasonal/Technical Equity Trends for October 5th 2015

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Green: Increase from previous day

Red: Decrease from previous day

Daily Seasonal/Technical Commodities Trends for October 5th 2015

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Green: Increase from previous day

Red: Decrease from previous day

Daily Seasonal/Technical Sector Trends for October 5th 2015

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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:

 

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.