Observations Continuing weakness by the U.S. Dollar Index and its related ETF boosted precious metal prices again. Platinum moved above $891.35 per ounce to a three year high. The Euro and British Pound soared on U.S. Dollar Index weakness. Chinese equities continue to move higher. Prices of related base metal and base metal equities continue to track the Chinese equity market. StockTwits Released Yesterday @EquityClock Canadian economy starting to fire on all cylinders as GDP surpasses estimates. See http://www.equityclock.com/2017/07/28/stock-market-outlook-for-july-31-2017/ Technical action by S&P 500 stocks to 10:00: Quiet. Breakout: $ALL. Breakdowns: $DISCK, ROP. Editor’s Note: After 10:00 AM EDT, breakout: CVX. Breakdowns: DISCA, BLL, MU and FLR Retail SPDRs $XRT moved above $41.22 completing a double bottom pattern. Imperial Oil $IMO.CA, a TSX 60 stock moved below $35.85 extending an intermediate downtrend. Valeant Pharm $VRX.CA, a TSX 60 stock moved below $$20.59 developing a double top pattern. Martinrea $MRE.CA moved below $10.12 extending an intermediate downtrend. Natural Gas ETN $UNG moved below $6.33 extending an intermediate downtrend. Editor’s Note: Spot price for natural gas broke support at $2.83. Trader’s Corner Daily Seasonal/Technical Equity Trends for July 31st 2017 Green: Increase from previous day Red: Decrease from previous day Daily Seasonal/Technical Commodities Trends for July 31st 2017 Green: Increase from previous day Red: Decrease from previous day * Excludes adjustment from rollover of futures contracts Daily Seasonal/Technical Sector Trends for July 31st 2017 Green: Increase from previous day Red: Decrease from previous day S&P 500 Momentum Barometer The Barometer dipped another 1.60 to 64.60 yesterday. It remains intermediate overbought and trending down. TSX Momentum Barometer The Barometer dropped 5.21 to 45.00 yesterday. It remains neutral and showing early signs of turning lower. 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