Tech Talk for Thursday January 14th 2016

byDon Vialoux, EquityClock.com

January 14, 2016

2 minute read

by Don Vialoux, Timingthemarket.ca

StockTwits Released Yesterday @equityclock

Treasury bond prices may be on the verge of breaking out as risk aversion prevails. $IEF $TNX $TLT $TVX

Technical action by S&P 500 stocks to 10:45: Quietly bearish. No breakouts. Breakdowns: $CNX, $ESRX, $WIN, $CHD, $QRVO

Editor’s note: Selling pressures accelerated after 10:45 AM. Another 15 S&P 500 stocks broke support: AMT, BXP, CCI, COH, CPGX, L, PEP, PNC, RCL, RHT, TRIP, TSO, USB, VLO and VNO. One stock broke resistance: CPB.

Trader’s Corner

Daily Seasonal/Technical Equity Trends for January 13^th 2016

Green: Increase from previous day

Red: Decrease from previous day

Daily Seasonal/Technical Commodities Trends for January 13^th 2016

Green: Increase from previous day

Red: Decrease from previous day

Daily Seasonal/Technical Sector Trends for January 13^th 2016

Green: Increase from previous day

Red: Decrease from previous day

Interesting Charts

Another brutal day by U.S. equity indices! 1900 on the S&P 500 Index failed to hold.

The VIX spiked.

Risk aversion in equity markets prompted strength in U.S. Treasury prices

Percent of S&P 500 stocks trading above their 50 day moving average is deeply oversold, but have yet to show evidence of a bottom.

Ditto for TSX stocks trading above their 50 day moving average!

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:

Keith Richards’ Comment: Here’s My Take

Following is a link:

http://www.valuetrend.ca/bull-bear-bull/

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.

Author

Don Vialoux, EquityClock.com

Don Vialoux is the author of free daily reports on equity markets, sectors, commodities and Exchange Traded Funds. All of the views expressed herein are his personal views although they may be reflected in positions or transactions in the various client portfolios. Daily reports are available at http://www.timingthemarket.ca.