Tech Talk for Wednesday May 4th 2016

StockTwits Released Yesterday @EquityClock

U.S. Dollar breaks significant support; suggests an important topping pattern.

Technicals for S&P 500 stocks to 10:30: Bearish. Breakouts: $CLX, $CVS. Breakdowns: $BBBY, $LUV, $UPS, $AKAM, $CSCO, $CTL.

Editor’s Note: After 10:30 AM EDT, one more stock broke support: $CSRA

Trader’s Corner

Daily Seasonal/Technical Equity Trends for May 3^rd 2016

Green: Increase from previous day

Red: Decrease from previous day

Note significant change in Short Term Momentum scores for Commodities

Daily Seasonal/Technical Commodities Trends for May 3^rd 2016

Green: Increase from previous day

Red: Decrease from previous day

Daily Seasonal/Technical Sector Trends for March May 3^rd 2016

Green: Increase from previous day

Red: Decrease from previous day

S&P 500 Momentum Barometer

The Barometer dropped to 68.40, down 6.00. The Barometer remains intermediate overbought and continues to trend down.

TSX Composite Momentum Barometer

The Barometer plunged 6.01 to 69.53. The Barometer remains intermediate overbought and confirmed an intermediate downtrend on a move below 70.71 to a 2 month low.

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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