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Tech Talk for Friday November 20th 2015

 

StockTwits Released Yesterday @equityclock

Housing starts plunge 18% in October, but housing units completed remain in line with historic norms. equityclock.com/2015/11/18/… $ITB $XHB

Technical action by S&P 500 stocks to 10:00 AM: Bullish: Breakouts: $GT, $HRL, $SJM, $BA, $HON, $CRM, $HRS, $MON. Breakdowns: $AET, $UNH.

Aerospace & Defense stocks and ETFs lead U.S. equities on the upside. Breakouts were posted by $BA, $HON and $PPA

 

Editor’s Note: Strength in the Aerospace & Defense industry, a sub-sector of the Industrial sector, helped XLI break to 5 month high. ‘Tis the season for strength in the Industrial sector!

Other Interesting Charts

TransAlta broke support at $5.58 to reach a multi-year (at least 20 year) low.

Lumber prices were notably stronger yesterday. Good news for lumber stocks!

Editor’s Note: Lumber prices currently are in the middle of their period of seasonal strength from late October to early February.

Place the Brazil ETF on the radar screen! A move above $25.50 completes a reverse head and shoulders pattern. Strength relative to the S&P 500 Index already has turned positive. Units recently moved above their 20 and 50 day moving average.

 

Trader’s Corner

Daily Seasonal/Technical Equity Trends for November 19th 2015

Green: Increase from previous day

Red: Decrease from previous day

 

Daily Seasonal/Technical Commodities Trends for November 19th 2015

Green: Increase from previous day

Red: Decrease from previous day

 

Daily Seasonal/Technical Sector Trends for November 19th 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.