by Don Vialoux, Timingthemarket.ca
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Observations
Nice pop in Chinese indices and related ETFs/closed end funds!
Strength in Chinese equities quickly translated into higher commodity prices.
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StockTwits Released Yesterday @EquityClock
Technical action by S&P 500 stocks to 10:00: Bullish. Breakouts: $SIG, $OMC, $BHI, $ADSK. Breakdown: $VRSN
Editorās Note: After 10:00 AM EDT, Textron and Ametek broke resistance while Ameron and Alliant Energy broke support.
Nice breakout by S&P/TSX Energy Index above 200.16 (and related ETFs) completing a reverse Head & Shoulders pattern.
Leading the breakout by the TSX Energy Index is $CNQ. CA on a move above $41.85. $XEG,CA
Industrial iShares $XLI moved above $58.99 reaching an all-time high extending intermediate uptrend.
Nice breakout by $PWT.CA above $2.04 completing a medium term base building pattern!
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Traderās Corner
Daily Seasonal/Technical Equity Trends for August 15th 2016
Green: Increase from previous day
Red: Decrease from previous day
Daily Seasonal/Technical Commodities Trends for August 15th 2016
Green: Increase from previous day
Red: Decrease from previous day
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Daily Seasonal/Technical Sector Trends for August 15th 2016
Green: Increase from previous day
Red: Decrease from previous day
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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 a list of seasonality charts that changed direction at the middle of August:
Emerging Markets: Neutral to Positive
Copper: Negative to Neutral
Health Care: Neutral to Positive
Utilities: Neutral to Positive
iShares MSCI Emerging Markets Indx (ETF) (NYSE:EEM) Seasonal Chart
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EEM Relative to the S&P 500 |
Copper Futures (HG) Seasonal Chart
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FUTURE_HG1 Relative to the S&P 500 |
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HEALTHCARE Relative to the S&P 500 |
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UTILITIES Relative to the S&P 500 Ā S&P 500 Momentum Barometer The Barometer gained 1.80 to 72.80 yesterday. It remains intermediate overbought and trending down.
TSX Momentum Barometer The Barometer added 1.28 to 73.08 yesterday. It remains intermediate overbought and rolling over.
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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
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