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Tech Talk for Tuesday September 22nd 2015

 

StockTwits released yesterday @equityclock

‘Tis the season for the best gains of the year for North American equity markets!

 

Editor’s note: See EquityClock’s study on performance of the S&P 500 Index during each of the four seasons during the past 20 years:

http://www.equityclock.com/2015/09/19/stock-market-outlook-for-september-21-2015/

 

$POT.CA resumed downtrend by breaking support at $31.74 to reach a 19 month low following downgrade by Macquarie.

Technical action by S&P 500 stocks to 10:00: Quietly bearish. No breakouts. Breakdowns:

$BWA, $DO, $STX, $MOS

 

Editor’s Note: No additional breakouts or breakdowns after 10:00 AM EDT.

 

Trader’s Corner

Daily Seasonal/Technical Equity Trends for September 21st 2015

Green: Increase from previous day

Red: Decrease from previous day

Daily Seasonal/Technical Commodities Trends for September 21st 2015

Green: Increase from previous day

Red: Decrease from previous day

Daily Seasonal/Technical Sector Trends for September 21st 2015

Green: Increase from previous day

Red: Decrease from previous day

Calculating Technical Scores

Technical scores are calculated as follows:

 

Intermediate Uptrend based on at least 20 trading days: Score 2

Higher highs and higher lows

Intermediate Neutral trend: Score 0

Not up or down

Intermediate Downtrend: Score -2

Lower highs and lower lows

 

Outperformance relative to the S&P 500 Index: Score: 2

Neutral Performance relative to the S&P 500 Index: 0

Underperformance relative to the S&P 500 Index: Score –2

 

Above 20 day moving average: Score 1

At 20 day moving average: Score: 0

Below 20 day moving average: –1

 

Up trending momentum indicators (Daily Stochastics, RSI and MACD): 1

Mixed momentum indicators: 0

Down trending momentum indicators: –1

 

Technical scores range from -6 to +6. Technical buy signals based on the above guidelines start when a security advances to at least 0.0, but preferably 2.0 or higher. Technical sell/short signals start when a security descends to 0, but preferably -2.0 or lower.

 

Long positions require maintaining a technical score of 0.0 or higher. Conversely, a short position requires maintaining a technical score of 0.0 or lower.

 

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:

 

FP Trading Desk Headline

FP Trading Desk headline reads, “Outlook for potash market getting even worse”. Following is a link:

http://business.financialpost.com/investing/trading-desk/outlook-for-potash-market-getting-even-worse?__lsa=3e66-60cf

 

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.