Tech Talk for Tuesday March 1st 2016

byDon Vialoux, EquityClock.com

March 1, 2016

2 minute read

by Don Vialoux, Timingthemarket.ca

StockTwits Released Yesterday @EquityClock

Import and exports for January show an eerily similar change to the same period last year.

Technical action by S&P 500 stocks to 10:15 AM: Quiet. Breakouts: $WY, $MCHP, $PYPL. Breakdown: $ENDP

Editor’s Note: After 10:15 AM, five more S&P 500 stocks broke intermediate resistance levels: ADM, KR, MCO, NOC, WRK.

Nice breakout by Northrop Grumman $NOC above $192.39 to reach an all-time high!

‘Tis the season for Northrop Grumman $NOC to move higher into mid-May!

Trader’s Corner

Daily Seasonal/Technical Equity Trends for February 29^th 2016

Green: Increase from previous day

Red: Decrease from previous day

Daily Seasonal/Technical Commodities Trends for February 29^th 2016

Green: Increase from previous day

Red: Decrease from previous day

Daily Seasonal/Technical Sector Trends for February 29^th 2016

Green: Increase from previous day

Red: Decrease from previous day

Interesting Observations on European Equity Markets

(Not a recommendation yet: Place on the radar screen)

Seasonal influences of European equity markets turn higher at this time of year. Their strength relative to the S&P 500 Index is starting to turn positive. The European Central Bank is expected to add monetary stimulus at its next meeting in mid-March.

Keith Richards’ Blog

Headline reads, “Time to buy oil”? Following is a link:

http://www.valuetrend.ca/time-to-buy-oil/

Keith suggests that WTI crude oil is becoming interesting from a technical and seasonal perspective and should be put on the radar screen. Tech Talk agrees. A favourable seasonal and technical comment was offered in the February 23^rd edition of this report with Crude Oil at $33.39 when strength relative to the S&P 500 Index turned positive. Technical buying is triggered on a move above $34.82 when a base building pattern is completed.

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.