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Tech Talk Financial Network in Timing the market,

Tech Talk for Friday August 4th 2017

 

Editor’s Note: Don Vialoux is scheduled to appear tonight at 5:30 PM EDT on BNN’s Market Call Tonight

StockTwits Released Yesterday @EquityClock

Oil testing declining trendline resistance as investors react to declining inventory levels. See

http://www.equityclock.com/2017/08/02/stock-market-outlook-for-august-3-2017/

Clearwater Seafood $CLR.CA moved below $10.89 completing a double top pattern.

Technical action by S&P 500 stocks to 10:00: Bearish. Breakouts: $WBA $HUM $PWR. Breakdowns: $AN $LB $CHD $MYL $PRGO $CTXS

Editor’s Note: After 10:00 AM EDT, breakouts included LOW, PEG, PFE, RF, PCG and XEL. Breakdowns included LVLT, NBL, PAYX, APA, PRU, MNK and DISH

Russel Metals $RUS.CA moved above $25.95 and $26.78 setting new intermediate uptrend.

ARC Resources $ARX.CA, a TSX 60 stock moved below $16.14 extending an intermediate downtrend.

More fallout from the drop in natural gas prices: $APA moved below $44.36 extending an intermediate downtrend.

 

Trader’s Corner

Daily Seasonal/Technical Equity Trends for August 3rd 2017

Green: Increase from previous day

Red: Decrease from previous day

 

Daily Seasonal/Technical Commodities Trends for August 3rd 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 3rd 2017

Green: Increase from previous day

Red: Decrease from previous day

 

S&P 500 Index Momentum Barometer

The Barometer dipped another 3.20 to 60.40 yesterday. It remains intermediate overbought and trending down.

 

TSX Momentum Barometer

The Barometer dropped 4.22 to 43.28 yesterday. It dipped back to a slightly intermediate oversold level, but has yet to show signs of bottoming.

 

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