Observations OOOOPs! U.S. equity indices moved higher until approximately noon yesterday with the Dow Jones Industrial Average and S&P 500 Index moving to all-time highs. Then, a Washington Post article reported than North Korea is close to capability of placing a small nuclear weapon on top of an ICBM. In addition, President Trump added to North Korea’s recent threatening rhetoric by issuing a warning to North Korea. North American equity markets quickly came under profit taking pressures. The equally weighted S&P 500 Index and its related ETF dropped below their 50 day moving average. In addition, the VIX Index spiked and precious metal prices and related ETFs moved higher. StockTwits Released Yesterday @EquityClock Markets on the move following strong employment reports in Canada and the U.S. See http://www.equityclock.com/2017/08/06/stock-market-outlook-for-august-8-2017/ Russian ETF $RUS moved above $20.36 setting an intermediate uptrend. Oil Services ETF $OIH moved below $$23.63 extending an intermediate downtrend. Technical action by S&P 500 stocks to 10:15: Bearish. Breakout: $AES. Breakdowns: $EXPE, $MNK $ZTS $CMG Editor’s Note: After 10:15 AM EDT, breakouts included BAC, JPM, CNP, BMY, FL. Breakdowns included HAL, ZBH and MOS. JP Morgan $JPM, a Dow Jones Industrial stock moved above $94.51 to an all-time high extending an intermediate uptrend. Power Corp POW.CA moved above $30.79 extending an intermediate uptrend Power Financial $PWF.CA moved above $34.32 extending an intermediate uptrend. Leveraged zinc ETN $LZIC.L moved above $8.68 extending uptrend. Zinc stocks followed: $HBM.CA Editor’s Note: In addition to higher zinc prices, copper, aluminum, nickel prices and their related ETNs virtually exploded to the upside Homebuilders SPDRs $XHB moved above $39.22 to a 10 year high extending an intermediate uptrend. Pembina Pipelines $PPL.CA moved below $42.02 setting intermediate downtrend. Trader’s Corner Daily Seasonal/Technical Equity Trends for August 8th 2017 Green: Increase from previous day Red: Decrease from previous day Daily Seasonal/Technical Commodities Trends for August 8th 2017 Green: Increase from previous day Red: Decrease from previous day * Excludes adjustment from rollover of futures contracts Daily Seasonal/Technical Sector Trends for August 8th 2017 Green: Increase from previous day Red: Decrease from previous day WAIS Conference in Niagara Falls on September 13-15th Mr. Vialoux is attending the WAIS conference. Following is information Presented by: “WAIS Canada is Canada’s premier alternative investment event when it comes to the scope, depth and breadth of its attendees, be it hedge fund managers, exempt market product providers and dealers, investors, advisors, financiers, service providers or other industry experts.” S&P 500 Momentum Barometer The Barometer dropped another 4.61 to 58.12 yesterday. It remains intermediate overbought and trending down. TSX Momentum Barometer The Barometer slipped 0.19 to 45.19 yesterday. It remains intermediate neutral and is rolling over. 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