Observation Natural gas prices established an intermediate uptrend on a move above $3.35 per MBtu StockTwits Released Yesterday Energy stocks on the move as price of oil jumps following weekly inventory report. Technical action by S&P 500 stocks to 10:00: Bearish. Breakouts: $KSS $KR $WFM $COG. Breakdowns: SIG $M $SLG $PDCO $PCAR $AN $DOW $EMN Editor’s Note: After 10:00 AM EDT, no stocks broke intermediate resistance. Breakdowns included SPLS, LUK, PBCT and PCG Cdn. Financial ETF $XFN.CA moved below $35.29 completing a double top pattern Editor’s Note: The sector was further pressured when Moody’s downgraded the credit rating of Canada’s top six banks. Kinross $K.CA moved above $5.55 completing a reverse Head & Shoulders pattern. Linamar $LNR.CA moved above $63.13 extending an intermediate uptrend. Stantec $STN.CA moved below $32.80 completing a Head & Shoulders pattern. Industrial Alliance $IAG.CA moved below $54.55 completing a Head & Shoulders pattern. Trader’s Corner Daily Seasonal/Technical Equity Trends for May 11th 2017 Green: Increase from previous day Red: Decrease from previous day Daily Seasonal/Technical Commodities Trends for May 11th 2017 Green: Increase from previous day Red: Decrease from previous day * Excludes adjustment from rollover of futures contracts Daily Seasonal/Technical Sector Trends for May 11th 2017 Green: Increase from previous day Red: Decrease from previous day CSTA News Next Downtown Toronto Chapter Meeting Time and Date: Noon EDT: May 24th Location: Suite 2205A 120 Adelaide St. W Speaker: Stephen Hamer Topic: How to make Points and Figure Charts work for you. Annual CSTA Meeting Time and Date: 11:00 AM EDT June 5th Location: Sheraton Center Speaker: Larry Berman Topic: Incorporating Behavioural Finance Biases into your Investment Process Register for events at www.csta.org S&P 500 Momentum Barometer The Barometer slipped 1.20 to 59.40 yesterday. It remains intermediate overbought and trending down. TSX Momentum Barometer The Barometer slipped 1.86 to 50.82 yesterday. It has dropped down to neutral and continues to trend 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