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Tech Talk for Tuesday November 14th 2017

 

Observations

Weakness by European equity indices was led yesterday by Greece’s Equity Index. The Athens General Share Index broke below 725.03 extending an intermediate downtrend.

Related to the Index, the Greek ETF broke below $9.01.

In contrast, the Hong Kong ETF $EWH moved above $25.47 to an all-time high extending an intermediate uptrend. The Hang Seng Index recently moved to a 9 year high.

$EWH and the Hang Seng Index continue to shadow the Shanghai Composite Index

 

StockTwits Released Yesterday @EquityClock

Mattel $MAT moved above $16.09 and $16.17 on Hasbro takeover rumors. $HAL

United Kingdom iShares $EWU moved below $34.51 completing a Head & Shoulders pattern.

Italy iShares $EWI moved below $30.50 completing a double top pattern.

 

Trader’s Corner

Daily Seasonal/Technical Equity Trends for November 13th 2017

Green: Increase from previous day

Red: Decrease from previous day

 

Daily Seasonal/Technical Commodities Trends for November 13th 2017

Note the decline in momentum for a wide variety of commodity related investments

Green: Increase from previous day

Red: Decrease from previous day

* Excludes adjustment from rollover of futures contracts

Daily Seasonal/Technical Sector Trends for November 13th 2017

Green: Increase from previous day

Red: Decrease from previous day

 

S&P 500 Momentum Barometer

The Barometer gained 3.40 to 66.40 yesterday. It remains intermediate overbought and trending down.

 

TSX Momentum Barometer

The Barometer slipped 1.81 to 64.85 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