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Tech Talk Financial Network in Timing the market,

Tech Talk for Friday February 17th 2017

 

Editor’s Note: Next Tech Talk report is released on Tuesday February 21st. Monday is a holiday for U.S. markets

Observation

The Australia All Ordinaries Composite Index moved above 5,876.80 to a two year high extending an intermediate uptrend.

 

StockTwits Released Yesterday @EquityClock

Health care leads the market to new highs as the sector pushes above an ascending triangle pattern.

Europe iShares $IEV moved above $40.33 extending intermediate uptrend.

Technical action by S&P 500 stocks to 10:10: Bullish. Breakouts: $AMZN $GPC $STZ $LH $SRCL $APH $IFF. Breakdowns: $AVP $ZTS

Editor’s Note: After 10:10, breakouts included WBA, PSA, ITW, PFE and NI

Pfizer $PFE, a Dow Jones Industrial stock moved above $33.49 establishing a new intermediate uptrend.

 

Trader’s Corner

Daily Seasonal/Technical Equity Trends for February 16th 2017

Green: Increase from previous day

Red: Decrease from previous day

 

Daily Seasonal/Technical Commodities Trends for February 16th 2017

Green: Increase from previous day

Red: Decrease from previous day

 

*Most of the change in score for gasoline was caused by a rollover in futures contracts (as opposed to a real change in the price of gasoline).

 

Daily Seasonal/Technical Sector Trends for February 16th 2017

Green: Increase from previous day

Red: Decrease from previous day

 

S&P 500 Momentum Barometer

The Barometer slipped 0.80 to 76.00 yesterday. It remains intermediate overbought.

 

TSX Momentum Barometer

The Barometer added 0.42 to 71.25 yesterday. 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