Tech Talk for Wednesday June 29th 2016

by Don Vialoux, Timingthemarket.ca

 

Observations

Evidence of central bank efforts to stabilize equity markets helped world equity markets to recover from short term oversold levels.

Take a closer look a base metal prices and base metal equity prices. Seasonal influences remain positive until the end of July.

 

StockTwits Released Yesterday @EquityClock

Equity benchmarks closing in on downside targets of topping targets.

Technical action by S&P 500 stocks to 10:00: Quiet. One breakouts: $AZO. No breakdowns.

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Dupont (A DJIA stock) $DD broke support at $62.81 and $61.91 establishing an intermediate downtrend

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Metro $MRU.CA moved above resistance at $45.36 to reach an all-time high.

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Trader’s Corner

Daily Seasonal/Technical Equity Trends for June 27th 2016

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Green: Increase from previous day

Red: Decrease from previous day

 

Daily Seasonal/Technical Commodities Trends for June 28th 2016

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Green: Increase from previous day

Red: Decrease from previous day

 

Daily Seasonal/Technical Sector Trends for March June 28th 2016

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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:

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Interesting Charts

Base metal prices and related ETFs moved sharply higher yesterday. Seasonal influences remain positive until the end of July

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S&P 500 Momentum Barometer

The S&P Momentum Barometer gained 11.00 (50.00%) yesterday to 33.00. The Barometer remains in an intermediate downtrend despite the short term recovery.

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TSX Momentum Barometer

The TSX Momentum Barometer gained 9.83 (25.27%) yesterday to 48.72. The Barometer remains in an intermediate downtrend despite the gain.

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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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