by Don Vialoux, Timingthemarket.ca

 

Observation

Damage from the third strongest hurricanes on record in the U.S. (and its expected impact on the U.S. economy in the fourth quarter of 2018) triggered general selling in U.S. equity markets. The VIX Index spiked to over 22%


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StockTwits Released Yesterday @EquityClock

Technical action by S&P 500 stocks to 10:00: Bearish. Breakouts: $CAH $NEE $AEP. Breakdowns:$GT $MAR $NKE $TROW $COL $TDG $NVDA.

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More breakdowns between 10:00 and 11:30: $UA $BKNG $CSX $EXPD $LLL $PNR $XYL $FLT

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Editor’s Note: After 11:30 AM EDT, add the following S&P 500 stocks to the list of breakdowns:

CPRT, BK, AME, ITW, ADBE, GOOG, GOOGL, V, JBHT, L, HIG, BEN, DHI, FDX, CSCO

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S&P 500 SPDRs $SPY moved below intermediate support at $285.42

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Semiconductor iShares $SOXX moved below $174.57 extending an intermediate downtrend.

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CAE Inc $CAE.CA, a TSX 60 stock moved below $25.01 extending an intermediate downtrend.

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Retail SPDRs $XRT moved below $47.75 extending an intermediate downtrend.

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South Korea iShares $EWY moved below $62.89 extending an intermediate downtrend.

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Suncor $SU.CA, a TSX 60 stock moved below $49.65 extending an intermediate downtrend

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BlackBerry $BB.CA moved below $12.34 extending an intermediate downtrend.

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Laurentian Bank $LB.CA moved below $41.54 extending an intermediate downtrend.

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Lithium ETN $LIT moved below $30.72 extending an intermediate downtrend.

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EAFE iShares $EFA moved below $65.15 extending an intermediate downtrend.

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Large cap China iShares $FXI moved below $39.82 extending an intermediate downtrend.

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Encana $ECA.CA $ECA, a TSX 60 stock moved below $15.46 Cdn. completing a Head & Shoulders pattern.

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SNC Lavalin $SNC.CA, a TSX 60 stock moved below $50.09, $49.01 and $48.28 extending an intermediate downtrend.

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Fairfax Financial $FFH.CA moved below $678.04 extending an intermediate downtrend.

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Goldman Sachs $GS, a Dow Jones Industrial stock moved below $218.17 extending an intermediate downtrend.

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Shaw Communications $SJR $SJR.B.CA, a TSX 60 stocks moved below $18.89 U.S. extending an intermediate downtrend.

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Recipe Unlimited $RECP.CA moved below $26.99 extending an intermediate downtrend

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Technology SPDRs $XLK moved below $70.08 extending an intermediate downtrend.

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TSX Energy iShares $XEG.CA moved below $11.74 extending an intermediate downtrend.

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Rogers Communications $RCI $RCI.B.CA, a TSX 60 stock moved below $50.15 U.S. completing a double top pattern.

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Trader’s Corner

Daily Seasonal/Technical Equity Trends for October 10th 2018

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Green: Increase from previous day

Red: Decrease from previous day

 

Commodities

Daily Seasonal/Technical Commodities Trends for October 10th 2018

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Green: Increase from previous day

Red: Decrease from previous day

 

Sectors

Daily Seasonal/Technical Sector Trends for October 10th 2018

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Green: Increase from previous day

Red: Decrease from previous day

 

2018 CSTA Annual Conference

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CSTA Calgary Edition of the CSTA Annual Conference

Online option available – please click here for details and registration – Space is limited REGISTER FOR THE ONLINE OPTION NOW!

JOIN US LIVE – REGISTER NOW!

Live event will be hosted at the Aloft Calgary University

          • Address: 2359 Banff Trail NW, Calgary, Alberta

          • Phone:(403) 289-1973

Date and Time

          • October 13, 2018

          • 7:00 am to 5:00 PM (Registration opens at 7:00 am)

Agenda:

For more information please contact:

Mark Soehner

CSTA 2018 Calgary Conference Chair

 

S&P 500 Momentum Barometer

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The Barometer plunged 23.60 to 24.40 yesterday. It changed from intermediate neutral to intermediate oversold on a move below 40, but has yet to show signs of bottoming.

 

TSX Momentum Barometer

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The Barometer dropped another 5.88 to 18.91 yesterday. It remains intermediate oversold, but continues to trend down.

 

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Tired of seeing your seasonal fund remain stagnant when seasonally favoured sectors move higher? Consider switching to the Seasonal Advantage Portfolio http://www.equityclock.com/About/Seasonal-Advantage-Portfolio/ … #SeasonalInvestingDoneRight

Disclaimer: Seasonality and technical ratings offered in this report and at

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