Tech Talk for Friday February 5th 2016

by Don Vialoux, Timingthemarket.ca

 

StockTwits Released Yesterday

A wide variety of precious metal equities and ETFs have broken above resistance including $SLW, $KGC, $PAAS, $HL, $GG, $PPLT, $GDXJ, $SIL.

Nice breakout by Teck Resources $TCK to complete a reverse head and shoulders pattern!

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‘Tis the season for strength in Teck Resources into spring! $TCK

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Notable among S&P 500 stocks breaking resistance are Industrials: $DE, $ETN, $GWW, $JPHT, $KSU, $MMM, $PH, $XYL.

‘Tis the season for strength in the Industrial sector until the end of May!

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Trader’s Corner

Daily Seasonal/Technical Equity Trends for February 4th 2016

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Green: Increase from previous day

Red: Decrease from previous day

Daily Seasonal/Technical Commodities Trends for February 4th 2016

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Green: Increase from previous day

Red: Decrease from previous day

Daily Seasonal/Technical Sector Trends for February 4th 2016

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Green: Increase from previous day

Red Decrease from previous day

 

Interesting Charts

Nice breakout from a short term base building pattern!

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‘Tis the season for strength until at least April!

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Strength in S&P/TSX Metals & Mining Index is related to continuing weakness in the U.S. Dollar Index.

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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.


Copyright © DV Tech Talk, Timingthemarket.ca

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