Interesting Charts Equity markets in developed markets around the world moved lower yesterday. Volatility spiked StockTwits released yesterday @equityclock Report on existing home sales shows an abnormal decline Editor’s Note: See seasonal charts at http://www.equityclock.com/2015/09/21/stock-market-outlook-for-september-22-2015/ Technical action by S&P 500 stocks to 11:00: Bearish. No breakouts. 17 breakdowns. Prominent breakdowns: $WHR, $APA, $AON, $BEN, $CMI, $ADM Editor’s Note: After 11:00 AM EDT, another eight S&P 500 stocks broke resistance U.S. equity indices and related ETFs broke below their 20 day moving average this morning. Editor’s Note: Ditto for the TSX Composite Index European ETFs were prominent on the list of breakdowns this morning Base metal stocks broke support this morning following negative Credit Suisse report including $FM.CA, $HBM.CA, $LUN.CA, $TEK Volkswagen’s news on emission tests prompted the Platinum ETN to break support at $91.59 to reach an all-time low Trader’s Corner Daily Seasonal/Technical Equity Trends for September 22nd 2015 Green: Increase from previous day Red: Decrease from previous day Daily Seasonal/Technical Commodities Trends for September 22nd 2015 Green: Increase from previous day Red: Decrease from previous day Daily Seasonal/Technical Sector Trends for September 22nd 2015 Green: Increase from previous day Red: Decrease from previous day Calculating Technical Scores Technical scores are calculated as follows: Intermediate Uptrend based on at least 20 trading days: Score 2 Higher highs and higher lows Intermediate Neutral trend: Score 0 Not up or down Intermediate Downtrend: Score -2 Lower highs and lower lows Outperformance relative to the S&P 500 Index: Score: 2 Neutral Performance relative to the S&P 500 Index: 0 Underperformance relative to the S&P 500 Index: Score –2 Above 20 day moving average: Score 1 At 20 day moving average: Score: 0 Below 20 day moving average: –1 Up trending momentum indicators (Daily Stochastics, RSI and MACD): 1 Mixed momentum indicators: 0 Down trending momentum indicators: –1 Technical scores range from -6 to +6. Technical buy signals based on the above guidelines start when a security advances to at least 0.0, but preferably 2.0 or higher. Technical sell/short signals start when a security descends to 0, but preferably -2.0 or lower. Long positions require maintaining a technical score of 0.0 or higher. Conversely, a short position requires maintaining a technical score of 0.0 or lower. GlobeInvestor Column Column is entitled, “Market correction still has a few weeks to run”. Authors are Ron Meisels and David Tippin. Following is a link: http://www.theglobeandmail.com/globe-investor/investment-ideas/research-reports/market-correction-still-has-a-few-weeks-to-run/article26455866/ Editor’s Note: Tech Talk is making a similar call on Canadian and U.S. equity markets, but with different sources. 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: 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.