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Tech Talk Financial Network in Timing the market,

Tech Talk for Friday July 21st 2017

 

Media appearances

Mr. Vialoux is scheduled to be a guest on Michael Campbell’s “Money Talks” tomorrow (Saturday) at approximately noon EDT. Listen by connecting to CKNW in Vancouver at https://soundcloud.com/cknw/sets/money-talks-with-michael

 

Mr. Vialoux is scheduled to appear on BNN as guest analyst on Berman’s Call at 11:00 AM EDT on Monday.

 

StockTwits Released Yesterday @EquityClock

Energy sector coming back to life as summer demand for oil helps to alleviate the supply glut. See http://www.equityclock.com/2017/07/19/stock-market-outlook-for-july-20-2017/ for additional information.

Technical action by S&P 500 stocks to Noon: 14 stocks broke intermediate resistance. 8 stocks broke intermediate support.

Stocks breaking resistance to Noon: $CCL $HBI $LKQ $RCL $MNST $XEC $MUR $SPGI $WY $LLY $CHRW $ACN $GOOG $IRM $GPN

Editor’s Note: Breakouts after Noon included: PVH, VIAB, CNC, MNK and BBT. No breakdowns.

Stocks breaking support to Noon: $OMC $CHRW $SNA $UNP $QCOM $PPG $SHW

Energy indices and stocks completing double bottom pattern: $XOP $XLE $XEG.CA $CVE. CA $CNQ.CA

TransCanada PipeLines $TRP.CA, a TSX 60 stock moved above $64.69 resuming an intermediate uptrend.

Canadian Pacific $CP.CA, a TSX 60 stock moved below $202.38 extending an intermediate downtrend.

Johnson & Johnson $JNJ, a Dow Industrial stock moved above $137.00 to an all-time high extending an uptrend.

Healthcare SPDRs $XLV moved above $81.08 to an all-time high extending an intermediate uptrend.

NASDAQ Biotech iShares $IBB moved above $323.27 extending an intermediate uptrend.

U.S. Healthcare Providers iShares $IHF moved above $150.42 to an all-time high extending an intermediate uptrend.

Another biotech ETF, equal weighted $FBT moved above $119.00 extending an intermediate uptrend.

 

Trader’s Corner

Daily Seasonal/Technical Equity Trends for July 20th 2017

Green: Increase from previous day

Red: Decrease from previous day

Daily Seasonal/Technical Commodities Trends for July 20th 2017

Green: Increase from previous day

Red: Decrease from previous day

* Excludes adjustment from rollover of futures contracts

Daily Seasonal/Technical Sector Trends for July 20th 2017

Green: Increase from previous day

Red: Decrease from previous day

 

S&P 500 Momentum Barometer

The Barometer slipped 1.40 to 72.80 yesterday. It remains intermediate overbought.

 

TSX Momentum Barometer

The Barometer dropped 4.56 to 44.81 yesterday. It remains intermediate neutral.

 

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