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Tech Talk for Friday August 26th 2016

 

Observation

All eyes are on Janet Yellen’s comments today at 10:00 AM EDT from the Jackson Hole Economic Symposium.

 

StockTwits Released Yesterday @EquityClock

Oil inventories continue to rise, diverging from seasonal norms.

Technical action by S&P 500 stocks to Noon: Quietly bearish. Breakouts: $NSC, $CSCO. Breakdowns: $SIG, $ESRX, $MDT, $DG, $STJ.

Editor’s Note: After noon, $ABC, $ADM and PFE broke support. No stocks broke resistance.

Nice breakout by $CM.CA above $103.43 reaching an all-time high extending intermediate uptrend.

 

Trader’s Corner

Daily Seasonal/Technical Equity Trends for August 25th 2016

Green: Increase from previous day

Red: Decrease from previous day

 

Daily Seasonal/Technical Commodities Trends for August 25th 2016

Green: Increase from previous day

Red: Decrease from previous day

 

Daily Seasonal/Technical Sector Trends for August 25th 2016

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:

 

S&P 500 Momentum Barometer

The Barometer dropped another 2.60 to 63.40 yesterday. It remains intermediate overbought and trending down.

 

TSX Composite Momentum Barometer

The Barometer slipped another 0.43 to 63.68 yesterday. It remains intermediate overbought and trending down.

 

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