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Tech Talk for Wednesday November 4th 2015

 

Technical Action by S&P 500 stocks yesterday

Technical action remained bullish. Another 13 S&P 500 stocks broke resistance (BBBY, KSS, AVP, COP, DVN, EOG, FTI, HP, MUR, ZTS, JEC, PNR and X. Two stocks broke support: DNB and FIS. Note the six energy stocks on the list of breakouts.

 

Trader’s Corner

Daily Seasonal/Technical Equity Trends for November 3rd 2015


Green: Increase from previous day

Red: Decrease from previous day

Daily Seasonal/Technical Commodities Trends for November 3rd 2015

Green: Increase from previous day

Red: Decrease from previous day

Daily Seasonal/Technical Sector Trends for November 3rd 2015

Green: Increase from previous day

Red: Decrease from previous day

 

Interesting charts showing changes in technical score

Gasoline prices have bottomed. Trend changed to neutral from down on a move above $1.45

Nice breakout by the Oil Services Index above 187.58 to establish a new intermediate uptrend

Emerging markets show improving momentum on a move above their 20 day moving average, a technical sign that a new high is imminent. ‘Tis the season for strength

Other equity markets also recorded strong gains yesterday.

 

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:

Editor’s Note: Nice breakout from a base building pattern yesterday by US Steel!

 

StockTwit Released Yesterday @equityclock

 

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.