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Tech Talk for Tuesday March 14th 2017

 

Mr. Vialoux on BNN Television’s Market Call Tonight

Don Vialoux is scheduled to appear as BNN’s guest analyst tomorrow evening at 6:00 PM EST

 

Observations

Auto and auto part stocks were valued higher following news that Intel is purchasing Mobileye for $15.3 billion. Leaders included Canadian car parts stocks (e.g. MRE, LNR, MG)

Gold and silver stocks finally show improved momentum scores after a 3 week decline. Their period of seasonal strength from mid-December to the third week in February ended on schedule.

 

StockTwits Released Yesterday @EquityClock

Shares of TD drag upon Canadian benchmark, which is showing a potential bearish set up.

Technical action by S&P 500 stocks to 10:15: Quietly bullish. Breakouts: $ZBH $AKAM $GOOGL, $YHOO $EQIX. No breakdowns

Editor’s Note: After 10:15 AM EDT, breakout included WYNN and CTSX. Breakdowns included VTR and APD.

Power Financial $PWF.CA moved above $35.91 to an all-time high extending an intermediate uptrend.

Metro $MRO.CA, a TSX 60 stock moved above $40.50 completing a double bottom pattern.

Auto ETF $CARZ moved above $36.68 extending an intermediate uptrend

 

Trader’s Corner

Daily Seasonal/Technical Equity Trends for March 13th 2017

Green: Increase from previous day

Red: Decrease from previous day

 

Daily Seasonal/Technical Commodities Trends for March 13th 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 13th 2017

Green: Increase from previous day

Red: Decrease from previous day

 

S&P 500 Momentum Barometer

The Barometer slipped 0.46 to 68.14 yesterday. It remains intermediate overbought and trending down.

 

TSX Momentum Barometer

The Barometer added 4.31 to 48.98 yesterday. It remains neutral and trending down.

 

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