Technical Action by S&P 500 stocks yesterday Technical action was mixed. Nine S&P 500 stocks broke intermediate resistance and 10 stocks broke support. Financial stocks dominate the list of stocks breaking resistance. Utility stocks dominated the list of stocks breaking support. Interesting Charts Merge rumors about Agrium and Potash Corp had a significant impact on fertilizer stocks and related ETFs Strength in Canadian Bank stocks and Manulife triggered a move by the TSX Financial Index to above 253.50 to a 15 month high. Strength in the U.S. Dollar is having a negative impact on commodity prices Trader’s Corner Daily Seasonal/Technical Equity Trends for August 30th 2016 Green: Increase from previous day Red: Decrease from previous day Daily Seasonal/Technical Commodities Trends for August 30th 2016 Green: Increase from previous day Red: Decrease from previous day Daily Seasonal/Technical Sector Trends for August 30th 2016 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: S&P 500 Momentum Barometer The Barometer slipped 1.60 to 62.00. It remains in an intermediate overbought and trending down. TSX Composite Momentum Barometer The Barometer dropped another 4.46 to 56.22. It remains intermediate overbought and trending down. 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