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Tech Talk Financial Network in Timing the market,

Tech Talk for Wednesday March 8th 2017

 

Observations

Tweets by Trump about lower pharmaceutical prices weighed on the drug stocks and the health care sector.

 

StockTwits Released Yesterday @EquityClock

Momentum sell signals triggered on the daily chart of the S&P 500 Index

Technical action by S&P 500 stocks to 1:30: Bearish. Breakout: $TXN. Breakdowns: $AZO $HES $MAC $ABC $ENDP $WIN $GGP

Retail SPDRs $XRT moved below $42.11 extending an intermediate downtrend.

Canadian Utilities $CU.CA moved above $37.36 extending an intermediate uptrend.

 

Trader’s Corner

Daily Seasonal/Technical Equity Trends for March 7th 2017

Green: Increase from previous day

Red: Decrease from previous day

 

Daily Seasonal/Technical Commodities Trends for March 7th 2017

Green: Increase from previous day

Red: Decrease from previous day

* Excludes adjustment from rollover of futures contracts

 

Daily Seasonal/Technical Sector Trends for March 7th 2017

Green: Increase from previous day

Red: Decrease from previous day

 

CSTA News

Oakville Chapter Meeting

Wednesday March 8th

Oakville Town Hall

Speaker: Steve Turner

Topic: Managing a momentum ETF Porfolio

Register: www.csta.org

Everyone is welcome

 

S&P 500 Momentum Barometer

The Barometer dropped 3.00 to 71.60 yesterday. It remains intermediate overbought and has started to trend down (Confirms comment and chart above indicating a momentum sell signal)

 

TSX Momentum Barometer

The Barometer dropped another 0.82 to 45.49 yesterday. It remains neutral with a downward trend.

 

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