Tech Talk for Wednesday March 9th 2016

StockTwits Released Yesterday @EquityClock

FANG stocks turning lower from resistance, weighing on the broader NASDAQ 100 Index.

Editor’s Note: FANG: Facebook Amazon.com Netflix Google

Technical action by S&P 500 stocks to 10:30 AM: Quietly bullish. Breakouts: $XRAY, $D, $CMS. No breakdowns.

Editor’s Note: After 10:30, three more utilities broke resistance: AEP, DTE and XEL

Cdn. Banks leading TSX stocks this morning. $RY.CA and $NA.CA touched new 2016 highs.

Trader’s Corner

Technical scores generally moved lower when short term momentum indicators changed to Down from Up.

Daily Seasonal/Technical Equity Trends for March 8^th 2016

Green: Increase from previous day

Red: Decrease from previous day

Daily Seasonal/Technical Commodities Trends for March 8^th 2016

Green: Increase from previous day

Red: Decrease from previous day

Daily Seasonal/Technical Sector Trends for March 8^th 2016

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:

Accountability Report

The Dow Jones Transportation Average and its related ETF (IYT) initially was noted to have a favourable technical and seasonal profile in a Tech Talk report on February 5^th when the Average closed at 7,051.25. Trigger was start of a period of outperformance relative to the S&P 500 Index. Since February 5^th, the Average has gained 6.1% to 7,478.37. Now, the Average no longer is outperforming the S&P 500 Index and its short term momentum indicators have started to turn down from overbought levels. Short term traders can take profits. Seasonal influences remain positive until mid-May. Possibility of returning to the trade before mid-May exists.

February 17^th edition of Tech Talk offered favourable seasonality and price charts on Union Pacific at $79.37 after the stock moved above resistance at $78.94. Yesterday, the stock closed at $78.25 for a decline since February 17^th of 1.4%. Technicals are turning negative: Dropped below its 20 day moving average, short term momentum indicators are trending down, strength relative to the S&P 500 Index has turned negative. Short term traders can liquidate at a small loss.

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