by Don Vialoux, Timingthemarket.ca
Editor’s Note: Jon Vialoux is scheduled to appear on BNN Tonight this evening at 6:00 PM
StockTwits Released Yesterday
Constellation Brands is scheduled to move above resistance at $155.35 at the opening to reach an all-time high.
Negative momentum divergence on the daily chart of the S&P 500 Index suggesting waning buying pressure.
Technical action by S&P 500 stocks to 10:15: Quiet. No breakouts. One breakdown: $KEY.
Editor’s Note: After 10:15 AM, nine S&P 500 stocks broke intermediate resistance: KMX, ABBV, ALXN, AMGN, BIIB, CELG, REGN, CAH
Biotech ETFs $IBB $BBH are streaming higher thanks to intermediate breakouts this morning by $AMGN, $BIIB and $CELG
Editor’s Note: A subsequent breakout by Regeneron added to strength by the sector.
‘Tis the season for strength in the Biotech sector $IBB prior to the ASCO convention in June 3-7th
Trader’s Corner
Daily Seasonal/Technical Equity Trends for April 6th 2016
Green: Increase from previous day
Red: Decrease from previous day
Daily Seasonal/Technical Commodities Trends for April 6th 2016
Green: Increase from previous day
Red: Decrease from previous day
Daily Seasonal/Technical Sector Trends for March April 6th 2016
Green: Increase from previous day
Red: Decrease from previous day
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