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Tech Talk for Thursday April 14th 2016

 

StockTwits Released Yesterday

NASDAQ 100 Index entering a seasonally strong period that stretches to the middle of July.

Editor’s Note: Apple and large cap Semiconductor stocks/ETFs are leading the sector.

Technical action by S&P 500 stocks to 10:15: Bullish. Breakouts: $GRMN, $AFL, $BLK, $CBG, $JPM, $MTB, $STI, $THC, $CAT, $CTAS, $HON, $TXN, $DOW

Breakout by JP Morgan $JPM after beating consensus earnings triggered breakouts by other financials

Interesting reverse head & shoulders pattern completed by the Grain ETN on a move above $31.44!

$ZEB.CA broke to a 12 month high after breakouts by $RY.CA $BMO.CA

Nice breakout above $17.50 by $CAF, the Fund that closest tracks the Shanghai Composite Index in U.S. Dollars

The breakout by Dow Chemical $DOW triggered a breakout by $XLB above $45.74 to a 21 month high.

Nice breakout by the S&P/TSX Composite Index above resistance at 13,685.45 to extend an intermediate uptrend.

The breakout by Morgan Stanley $MS has prompted breakouts by financial ETFs including $XLF, $KBE, $KRE.

More breakouts by U.S. Financials this afternoon: $C, $CMA, $FITB, $KEY, $USB!

 

Trader’s Corner

Momentum indicators improved significantly for most equity indices and related ETFs

Daily Seasonal/Technical Equity Trends for April 13th 2016

Green: Increase from previous day

Red: Decrease from previous day

 

Daily Seasonal/Technical Commodities Trends for April 13th 2016

Green: Increase from previous day

Red: Decrease from previous day

 

Daily Seasonal/Technical Sector Trends for March April 13th 2016

Green: Increase from previous day

Red: Decrease from previous day

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:

 

Keith Richards’ Blog

Oil could stage phenomenal upside opportunity or just another disappointment for investors next week. Read this blog to find out how to play the possibilities: http://www.valuetrend.ca/oil-a-mugs-game-for-now/

 

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