by Don Vialoux, Timingthemarket.ca
Editor’s Note: Next Tech Talk report is released on Monday December 28th
Interesting Charts
The Santa Claus rally continues. The S&P 500 Index and Dow Jones Industrial Average moved above their 20 day moving averages.
Base metal, energy and oil service indices and their related ETFs led the advance.
StockTwits Released Yesterday @EquityClock
Existing home sales down 20.9% in November, more than double the average decline of 9.4%
Technical action by S&P 500 stocks to 10:00: Bullish. Breakouts: $NKE, $MDLZ, $WMT, $RSG, $STX, $AA, $WIN, $SPGX. No breakdowns.
Editor’s Note: After 10:00 AM, another 11 S&P 500 stocks broke resistance: ACE, T, MNK, MON, BWA, RCL, FAST, CA, BLL, L, VZ.
Nice breakout by Alcoa $AA above resistance at $9.60 to complete a base building pattern.
‘Tis the season for Alcoa to move higher into January! $AA
Nice move by the TSX Composite Index above its 20 day moving average as the Santa Claus rally ramps up.
Nice breakout by Int’l Forest Products above resistance at $14.26 to extend an uptrend. $IFP.CA
‘Tis the season for Cdn. lumber stocks such as Int’l Forest Products to move higher! $IFP.CA
Trader’s Corner
Technical scores rose significantly yesterday mainly because of higher scores for momentum and 20 day moving average.
Daily Seasonal/Technical Equity Trends for December 23rd 2015
Green: Increase from previous day
Red: Decrease from previous day
Daily Seasonal/Technical Commodities Trends for December 23rd 2015
Green: Increase from previous day
Red: Decrease from previous day
Daily Seasonal/Technical Sector Trends for December 23rd 2015
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:
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
CHRISTMAS GLITTER
With our eyes
we see the glitter of Christmas,
With our ears
we hear the merriment,
With our hands
we touch the tinsel-tied trinkets,
But only with our hearts
can we feel the miracle of it.
Helen Steiner Rice
From our family at Tech Talk, to you and yours, we wish a very Merry Christmas!
Copyright © DV Tech Talk, Timingthemarket.ca
