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Tech Talk Financial Network in Timing the market,

Tech Talk for Wednesday November 1st 2017

 

StockTwits Released Yesterday @EquityClock

Canada GDP higher by 3.8% (NSA) in August, well short of average increase for month of 5.5%. #CDNecon #CAD $MACRO

Technical action by S&P 500 stocks to 10:00: Bullish. Breakouts: $K $MDLZ $MNST $TSN $VLO $MOS. Breakdown: $QCOM

Editor’s Note: After 10:00 AM EDT, breakouts included FE, SBAC and NFX. Breakdowns included: HRB and MYL.

Germany iShares $EWG moved above $32.98 to an all-time high extending an intermediate uptrend.

Eurozone iShares $EZU moved above $43.78 to a 9 year high extending an intermediate uptrend.

MSCI EAFE iShares $EFA moved above $69.66 to an all-time high extending an intermediate uptrend.

Nickel ETN $JJN moved above $14.90 completing a double bottom pattern. Good for $VALE and $S.CA

Crescent Point Energy $CPG.CA moved above $10.44 completing a reverse Head & Shoulders pattern.

TSX Energy iShares $XEG.CA moved above $12.25 extending an intermediate uptrend.

Another Cdn. energy stock breaks resistance and sets new intermediate uptrend: $OBE.CA

EnCana $ECA.CA, a TSX 60 stock & Cdn. energy stock breaks resistance extending an intermediate uptrend.

 

Trader’s Corner

Daily Seasonal/Technical Equity Trends for October 31st 2017

Green: Increase from previous day

Red: Decrease from previous day

 

Daily Seasonal/Technical Commodities Trends for October 31st 2017

Green: Increase from previous day

Red: Decrease from previous day

* Excludes adjustment from rollover of futures contracts

 

Daily Seasonal/Technical Sector Trends for October 31st 2017

Green: Increase from previous day

Red: Decrease from previous day

 

S&P 500 Momentum Barometer

The Barometer added 1.34 to 67.94 yesterday. It remains intermediate overbought and trending down.

 

TSX Momentum Barometer

The Barometer slipped 0.11 to 72.31. It remains intermediate overbought.

 

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