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Tech Talk for Wednesday April 20th 2016

 

StockTwits Released Yesterday @equityclock

Technical action by S&P 500 stocks to 10:15: Bullish. Breakouts: $DISCK, $TGT, $PG, $TGT, $PG, $BK, $TMK, $ABC, $MDT, $UNH, $PWR, $SWK, $AA, $EMN, $FCX, $IFF

Editor’s Note: After 10:15 AM EDT, another 6 S&P 500 stocks broke resistance: UPS, CSCO, XRX, DD, PFE, LYB, NI. No breakdowns.

Agriculture ETF $MOO is responding to higher grain prices. Nice breakout above $47.54.

Health Care stocks continue to outperform. Nice breakout by UnitedHealth Group $UNH to an all-time high!

Another breakout by a DJIA stocks! Procter & Gamble broke resistance at $83.07 to reach a 12 month high.

Commerce Bank $CM.CA moved above resistance at $99.40 to extend an intermediate uptrend.

Editor’s Note: Scotia Bank also broke resistance to extend an intermediate uptrend.

Oil Services ETF $OIH moved above resistance at $28.08 to extend an intermediate uptrend.

More Dow Jones Industrial Average stocks breaking resistance to extend uptrends: $DD $CSCO

 

Trader’s Corner

Daily Seasonal/Technical Equity Trends for April 19th 2016


Green: Increase from previous day

Red: Decrease from previous day

Daily Seasonal/Technical Commodities Trends for April 19th 2016

Green: Increase from previous day

Red: Decrease from previous day

Daily Seasonal/Technical Sector Trends for March April 19th 2016

Green: Increase from previous day

Red: Decrease from previous day

 

S&P 500 Momentum Barometer

Barometer drifted slightly lower yesterday from an intermediate overbought level

 

TSX Momentum Barometer

Barometer drifted slightly lower yesterday from an intermediate overbought level.

 

Interesting Charts

Continuing weakness in the U.S. Dollar Index had a direct positive impact on commodity prices.

European equity indices and related ETFs continue to outperform the S&P 500 Index

 

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