by Don Vialoux, Timingthemarket.ca
Jon Vialoux on BNN’s Market Call Yesterday
Following are links:
http://www.bnn.ca/video/jon-vialoux-top-picks~927853 Top picks
http://www.bnn.ca/video/jon-vialoux-past-picks~927753 Past picks
http://www.bnn.ca/video/full-episode-market-call-for-wednesday-august-10-2016~925342 Full episode
Observations
Quiet day on the charts yesterday! Notable was weakness in natural gas despite record temperatures in eastern North America.
Technical Action Yesterday
Technical action was quietly mixed. Breakouts included Wal-Mart and Adobe. Breakdowns included KLA Tencor and Perrigo.
Natural Gas broke support at $2.59 establishing an intermediate downtrend. Seasonal influences don’t turn positive until the end of the month.
Trader’s Corner
Daily Seasonal/Technical Equity Trends for August 10th 2016
Green: Increase from previous day
Red: Decrease from previous day
Daily Seasonal/Technical Commodities Trends for August 10th 2016
Green: Increase from previous day
Red: Decrease from previous day
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:
S&P 500 Momentum Barometer
The Barometer slipped another 0.80 to 69.00 yesterday. It remains intermediate overbought and trending lower
TSX Composite Momentum Barometer
The Barometer slipped 0.85 to 73.08 yesterday. It remains intermediate overbought and rolling over.
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
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