Tech Talk for Friday February 5th 2016

February 5, 2016

1 minute read

StockTwits Released Yesterday

A wide variety of precious metal equities and ETFs have broken above resistance including $SLW, $KGC, $PAAS, $HL, $GG, $PPLT, $GDXJ, $SIL.

Nice breakout by Teck Resources $TCK to complete a reverse head and shoulders pattern!

‘Tis the season for strength in Teck Resources into spring! $TCK

Notable among S&P 500 stocks breaking resistance are Industrials: $DE, $ETN, $GWW, $JPHT, $KSU, $MMM, $PH, $XYL.

‘Tis the season for strength in the Industrial sector until the end of May!

Trader’s Corner

Daily Seasonal/Technical Equity Trends for February 4^th 2016

Green: Increase from previous day

Red: Decrease from previous day

Daily Seasonal/Technical Commodities Trends for February 4^th 2016

Green: Increase from previous day

Red: Decrease from previous day

Daily Seasonal/Technical Sector Trends for February 4^th 2016

Green: Increase from previous day

Red Decrease from previous day

Interesting Charts

Nice breakout from a short term base building pattern!

‘Tis the season for strength until at least April!

Strength in S&P/TSX Metals & Mining Index is related to continuing weakness in the U.S. Dollar Index.

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.