Tech Talk for Wednesday September 13th 2017

Tech Talk for Wednesday September 13th 2017




by Don Vialoux, Timingthemarket.ca

Another Milestone

Over 42,000 followers receive StockTwits comments from EquityClock. Previous milestone was set on August 21st when over 41,000 followers received comments.

Observations

Apple: Traders sell on news?

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The U.S. Dollar Index recovered yesterday against major world currencies except against the British Pound. Anticipation of a reversal of Brexit is having a positive impact on the Pound.

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StockTwits Released Yesterday @EquityClock

S&P 500 Index $SPX moved above 2,490.87 to an all-time high extending an intermediate uptrend

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Dow Jones Industrial Average ETF $DIA moved above $221.14 to an all-time high extending an intermediate uptrend.

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Job openings up 7.0% (NSA) in July, short of the 9.8% average gain for the month.

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Technical action by S&P 500 stocks to 10:15: Bullish. Breakouts: $KSS $AMG $EMR $JEC $LLL $APD $CFG $MOS. No breakdowns

Editor’s Note: After 10:15 AM EDT, breakouts included ROST, DHI, TIF, ANSS, CVS, TROW and GPN.

Material SPDRs $XLB moved above $55.92 to an all-time high extending an intermediate uptrend.

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Homebuilders SPDRs $XHB moved above $39.24 to a 10 year high extending an intermediate uptrend.

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Editor’s Note: The Home Construction ETF $ITB also broke to a new high extending an intermediate uptrend.

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“Gassy” stocks and ETFs $FCG $ZJN.CA responding to a 3% hike in natural gas futures. ‘Tis the season!

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Natural gas prices move higher from late August to mid-December $UNG

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Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for September 12th 2017

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Green: Increase from previous day

Red: Decrease from previous day

Commodities and Related ETFs

Daily Seasonal/Technical Commodities Trends for September 12th 2017

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Green: Increase from previous day

Red: Decrease from previous day

* Excludes adjustment from rollover of futures contracts

Sectors

Daily Seasonal/Technical Sector Trends for September 12th 2017

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Green: Increase from previous day

Red: Decrease from previous day

S&P 500 Momentum Barometer

The Barometer added 0.60 to 64.40 yesterday. It remains intermediate overbought.

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TSX Momentum Barometer

The Barometer gained 6.22 to 54.77 yesterday. It has returned to intermediate overbought.

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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

Copyright © DV Tech Talk, Timingthemarket.ca