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Tech Talk for Wednesday April 27th 2016

 

StockTwits Released Yesterday @EquityClock

The weak spring housing market could have side effects on other areas of the economy.

Technical action by S&P 500 stocks to 10:30: Quietly bullish. Breakouts: $FOXA, $KHC, $AET, $HSIC. Breakdowns: $WYN, $HSY

Editor’s Note: After 10:30 AM EDT, breakouts included COH, AIG and NOC. Breakdowns included PG and FLIR

Canadian National Railway $CNR.CA broke support at $79.26 after lowering guidance.

Procter & Gamble $PG, a Dow Jones Industrial Average stock broke support at $79.83.

 

Trader’s Corner

Daily Seasonal/Technical Equity Trends for April 26th 2016

Green: Increase from previous day

Red: Decrease from previous day

Daily Seasonal/Technical Commodities Trends for April 26th 2016

Green: Increase from previous day

Red: Decrease from previous day

Daily Seasonal/Technical Sector Trends for March April 26th 2016

Green: Increase from previous day

Red: Decrease from previous day

 

S&P 500 Momentum Barometer

The S&P 500 momentum barometer continues to drift lower, down another 0.25%

 

TSX Momentum Barometer

The TSX momentum barometer continues to drift lower, down another 1.23%

 

Interesting Chart

Apple plunged following release of quarterly results. The company also lowered guidance on margins. Weakness in Apple is expected to spill into the NASDAQ 100 at the opening today.

 

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