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Tech Talk for Thursday October 22nd 2015

 

Weekly ETF Column at GlobeInvestor

Authors are Don and Jon Vialoux. Headline reads, “How to capitalize on the U.S. Homebuilding sector”. Following is a link:

http://www.theglobeandmail.com/globe-investor/funds-and-etfs/etfs/how-to-capitalize-on-the-us-homebuilding-sector/article26902738/

 

StockTwits released yesterday

Abnormal uptick in housing starts sets ideal backdrop for home building stocks.

Technical action by S&P 500 stocks to 10:15: Quiet. Breakouts: $HD, $NAVI, $LRCX. Breakdowns: $CMG, $APH

Nice breakout by $HD above $123.17 to an all-time high following an encouraging September Housing Starts report

‘Tis the season for $HD to move higher until at least year end!

Magna International completed a double bottom pattern by moving above US$51.60. $MGA $MG.CA

U.S. Natural Gas ETF continued its downtrend by moving below $11.11. $UNG

Nice breakout by $RY.CA above $74.85 to complete a base building pattern.

‘Tis the season for strength by Royal Bank until release of fourth quarter results near the end of November! $RY

 

Interesting Chart

The Greek ETF completed a reverse head and shoulders pattern yesterday

 

Trader’s Corner

Daily Seasonal/Technical Equity Trends for October 21st 2015


Green: Increase from previous day

Red: Decrease from previous day

Daily Seasonal/Technical Commodities Trends for October 21st 2015

Green: Increase from previous day

Red: Decrease from previous day

Daily Seasonal/Technical Sector Trends for October 21st 2015

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:

 

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.