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Tech Talk for Thursday August 11th 2016

 

Jon Vialoux on BNN’s Market Call Yesterday

Following are links:

http://www.bnn.ca/video/jon-vialoux-top-picks~927853 Top picks

http://www.bnn.ca/video/jon-vialoux-past-picks~927753 Past picks

http://www.bnn.ca/video/full-episode-market-call-for-wednesday-august-10-2016~925342 Full episode

 

Observations

Quiet day on the charts yesterday! Notable was weakness in natural gas despite record temperatures in eastern North America.

Technical Action Yesterday

Technical action was quietly mixed. Breakouts included Wal-Mart and Adobe. Breakdowns included KLA Tencor and Perrigo.

Natural Gas broke support at $2.59 establishing an intermediate downtrend. Seasonal influences don’t turn positive until the end of the month.

 

Trader’s Corner

Daily Seasonal/Technical Equity Trends for August 10th 2016

Green: Increase from previous day

Red: Decrease from previous day

Daily Seasonal/Technical Commodities Trends for August 10th 2016

Green: Increase from previous day

Red: Decrease from previous day

 

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 slipped another 0.80 to 69.00 yesterday. It remains intermediate overbought and trending lower

 

TSX Composite Momentum Barometer

The Barometer slipped 0.85 to 73.08 yesterday. It remains intermediate overbought and rolling over.

 

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