Tech Talk for Friday April 8th 2016

April 8, 2016

2 minute read

StockTwits Released Yesterday

Oil bounces from significant support around $35 as unexpected drawdown fuels hope of an earlier than average peak in inventories.

Technical action by S&P 500 stocks to Noon: Mixed. Breakouts: $MYL, $NEM. Breakdowns: $CMG, $BK, $ETFC.

Editor’s Note: After Noon, another three S&P 500 stocks broke support: State Street, Delta Air and EMC Corp.

Keith Richards’ Blog

Forgive me for my bearishness

http://www.valuetrend.ca/bearish/

Trader’s Corner

Daily Seasonal/Technical Equity Trends for April 7^th 2016

Green: Increase from previous day

Red: Decrease from previous day

Daily Seasonal/Technical Commodities Trends for April 7^th 2016

Green: Increase from previous day

Red: Decrease from previous day

Daily Seasonal/Technical Sector Trends for March April 7^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

S&P 500 SPDRs (SPY $203.95) was supported on February 23^rd in StockTwits at $194.49. Units no longer are supported following a break below their 20 day moving average and start of a downtrend by short term momentum indicators.

Coca Cola (KO $46.36) was supported in StockTwits on February 23^rd at$43.84. The stock no longer is supported following the start of a downtrend by short term momentum indicators.

Northrop Grumman (NOC $200.55) was supported in StockTwits on March 1^st at $194.22. The stock no longer is supported after short term momentum indicators began trading down.

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.