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Tech Talk for Wednesday November 9th 2016

 

Observations

Securities related to China (transportation, agriculture, base metals) are responding to a nice breakout by the Shanghai Composite Index to a 10 month high.

On average, the S&P 500 Index and the Dow Jones Industrial Average comes under short term profit taking pressure on the day after the Election. However, downside pressure is short lived. Gains normally are recorded from the day after the Election until at least the end of the year and frequently to Inauguration Day (January 20th).

 

StockTwits Released Yesterday @EquityClock

Major equity benchmarks bounce from 200 day moving averages reaching toward trendline resistance.

Technical action by S&P 500 stocks to 10:00: Quietly bullish. Breakouts: $PCLN, $CPB, $SYY, $XL, $MCHP. Breakdown on Q3 report: $DHI.

Editor’s Note: After 10:00 AM EST, more S&P 500 stocks broke intermediate resistance: CAG, CME, HUM, CMI, JBHT, COO, MDT, CCL, ADI, ADSK, APH, HPE, MDLZ, HST, UPS, PSA.

More base metal stocks breaking higher! $BHP moved above $36.16 extending intermediate uptrend.

More transportation stock breakouts! $JBHT moved above $81.81 and $83.96 extending intermediate uptrend.

Cummins Engines $CMI moved above $131.04 extending intermediate uptrend.

‘Tis the season of strength in Cummins Engined $CMI to the first week in January.

Carnival $CCL moved above $49.64 extending intermediate uptrend.

‘Tis the season for strength in Carnival $CCL until at least the first week in January.

Fertilizer stocks $POT $AGU, $MOS, $CF moved sharply higher on higher grain prices $JJG.

‘Tis the season for Agribusiness stocks to move higher to early January! $MOO $COW

‘Tis the season for Potash Corp to move higher to early January!

‘Tis the season for Agrium to move higher to early January!

Another transportation stock breaks out! $UPS moved above $111.04 extending intermediate uptrend.

‘Tis the season for $UPS to move higher to mid-December

More Base Metal stocks breaking out! $LUN.CA moved above $5.79 extending intermediate uptrend

Nice breakout by $AGU.CA above $127.61 extending intermediate uptrend. ‘Tis the season for strength!

Hecla Mining $HL moved above $7.26 extending intermediate uptrend.

‘Tis the season for strength in Hecla Mining $HL to at least the first week in January!

 

Trader’s Corner

Daily Seasonal/Technical Equity Trends for November 8th 2016

Green: Increase from previous day

Red: Decrease from previous day

Daily Seasonal/Technical Commodities Trends for November 8th 2016

Green: Increase from previous day

Red: Decrease from previous day

 

Daily Seasonal/Technical Sector Trends for November 8th 2016

Green: Increase from previous day

Red: Decrease from previous day

 

S&P 500 Momentum Barometer

The Barometer added another 7.00 (15.91%) yesterday. It has returned to an intermediate neutral level and is trending up.

 

TSX Momentum Barometer

The Barometer added 0.42 (1.125%) yesterday. It remains intermediate oversold and showing more signs of recovering from an intermediate low.

 

Mr. Vialoux on Michael Campbell’s Money Talk show

Mr. Vialoux is scheduled to participate in Michael’s weekly radio show on CKND 980 this Saturday at approximately Noon EST. Following is a link:

http://www.cknw.com/money-talks/

 

Michael Campbell’s 2017 World Outlook Financial Conference

Tickets for the 2017 World Outlook Financial Conference in Vancouver on February 3-4th are now on sale. The event is very well attended. Presentations are made by notable investment analysts from around the world. Following is a link to register and to obtain hotel accommodation (if needed).

http://moneytalks.net/2017-accommodation.html

 

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