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Tech Talk for Tuesday August 16th 2016

 

Observations

Nice pop in Chinese indices and related ETFs/closed end funds!

Strength in Chinese equities quickly translated into higher commodity prices.

 

StockTwits Released Yesterday @EquityClock

Technical action by S&P 500 stocks to 10:00: Bullish. Breakouts: $SIG, $OMC, $BHI, $ADSK. Breakdown: $VRSN

Editor’s Note: After 10:00 AM EDT, Textron and Ametek broke resistance while Ameron and Alliant Energy broke support.

Nice breakout by S&P/TSX Energy Index above 200.16 (and related ETFs) completing a reverse Head & Shoulders pattern.

Leading the breakout by the TSX Energy Index is $CNQ. CA on a move above $41.85. $XEG,CA

Industrial iShares $XLI moved above $58.99 reaching an all-time high extending intermediate uptrend.

Nice breakout by $PWT.CA above $2.04 completing a medium term base building pattern!

 

Trader’s Corner

Daily Seasonal/Technical Equity Trends for August 15th 2016

Green: Increase from previous day

Red: Decrease from previous day

Daily Seasonal/Technical Commodities Trends for August 15th 2016

Green: Increase from previous day

Red: Decrease from previous day

 

Daily Seasonal/Technical Sector Trends for August 15th 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 a list of seasonality charts that changed direction at the middle of August:

Emerging Markets: Neutral to Positive

Copper: Negative to Neutral

Health Care: Neutral to Positive

Utilities: Neutral to Positive

iShares MSCI Emerging Markets Indx (ETF) (NYSE:EEM) Seasonal Chart


EEM Relative to the S&P 500

Copper Futures (HG) Seasonal Chart


FUTURE_HG1 Relative to the S&P 500


HEALTHCARE Relative to the S&P 500


UTILITIES Relative to the S&P 500

 

S&P 500 Momentum Barometer

The Barometer gained 1.80 to 72.80 yesterday. It remains intermediate overbought and trending down.

TSX Momentum Barometer

The Barometer added 1.28 to 73.08 yesterday. It remains intermediate overbought and rolling over.

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