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Tech Talk for Tuesday February 28th 2017

 

Observation

Equity markets are anticipating good news this evening from President Trump when he addresses Congress. Notable yesterday was strength in the aerospace and defense sector following comments by Congressional leaders that they will support a Trump proposal for more defense spending.

Equity markets in the month of March

March has been the third best performing month of the year for the S&P 500 Index during the past 20 years. Average gain per period was 1.8%. Gain frequency was 65%.

 

S&P 500 Index Seasonal Chart

   

March was the fourth best performing month in the year for the TSX Composite Index during the past 10 years. Average gain per period was 0.8%. Gain frequency was 50%.

 

S&P/TSX Composite Index Seasonal Chart

^GSPTSE Relative to the S&P 500

 

 

CSTA Events

KWGC Chapter Meeting

Thursday March 2nd

7:30 PM EST

Hampton Inn 4355 King St. E Kitchener

 

Winnipeg Chapter Meeting

Wednesday March 1st

6:30 PM CST

Second Floor, Buchwald or Anhang Room of the Millennium Library, Donald and Graham

Speaker: Don Vialoux

Topic: Seasonal investing at the beginning of the Trump presidency.

 

Toronto Chapter Meeting

Wednesday March 8th

Noon EST

Toronto CFA Society Classroom

120 Adelaide St. W

Speaker: Saivash Kazemian

 

StockTwits Released Yesterday

Platinum ETN $PPLT moved above $98.57 extending an intermediate uptrend.

‘Tis the season for strength in Platinum $PPLT to the end of April!

Editor’s Note: Also a top pick on BNN chosen by TechTalk on January 20th

Technical action by S&P 500 stocks to 11:00: Quietly bullish. Breakouts: $MCK $PHM $DHI $SPG. Breakdown: $KR

Editor’s Note: After 11:00 AM EST, breakouts included COL, LMT and SWK.

Teck Resources $TECK moved below $19.90 U.S. completing a double top pattern.

Aerospace and Defense stocks surging in anticipation of higher defense spending. ‘Tis the season!

Editor’s Note: The sector was previously supported on February 10th in a StockTwit and TechTalk comment. Seasonal strength on a real and relative basis last until mid-May.

Aerospace & Defense Industry Seasonal Chart

S5AERO Index Relative to the S&P 500

 

Trader’s Corner

Daily Seasonal/Technical Equity Trends for February 27th 2017

Green: Increase from previous day

Red: Decrease from previous day

Daily Seasonal/Technical Commodities Trends for February 27th 2017

Green: Increase from previous day

Red: Decrease from previous day

 

Daily Seasonal/Technical Sector Trends for February 27th 2017

Green: Increase from previous day

Red: Decrease from previous day

 

S&P 500 Momentum Barometer

The Barometer added 1.00 to 79.00 yesterday. It remains intermediate overbought.

 

TSX Momentum Barometer

The Barometer dropped another 7.08 to 46.25% yesterday. It has reached a neutral level, but continues to trend 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