by Don Vialoux, Timingthemarket.ca
Editor’s Note: Mr. Vialoux is scheduled to appear on BNN at 7:45 AM EST tomorrow.
StockTwits Released Yesterday @equityclock
Technical action by S&P 500 stocks to 10:00: Bullish. Breakouts: $MKC, $EQR, $KIM, $MAC, $MHFI, $NDAQ, $PLD, $HSIC, $PKI, $VAR, $WAT, $SNA, $SYMC, $AEE, $EQIX
Editor’s Note: Another 14 S&P 500 stocks broke intermediate resistance after 10:00 AM EST. Notable were Amazon.com, Pepsico and Alphabet (GOOG)
Nice breakout by the Platinum ETN $PPLT above resistance at $85.53 to complete a base building pattern!
‘Tis the season for Platinum and PPLT to move higher until late April!
Nice breakout by Healthcare SPDRs $XLV above $72.69 to complete a base building pattern!
Healthcare SPDRs were helped by seasonal strength in IBB, IHI and IHF
Nice breakout by $BBH above resistance at $127.95 to complete a base building pattern!
Editor’s Note: Subsequently, IBB completed a similar pattern on a breakout above $342.86.
‘Tis the season for strength in Biotech until mid-February! $IBB, $BBH
Nice breakout by Metro above resistance at $39.72 to extend an intermediate uptrend!
Stronger than expected U.S. Sales this Christmas season prompted a break by $AMZN above $684.82 to an all-time high.
Trader’s Corner
Editor’s Note: Technical scores generally moved higher yesterday thanks mainly to markets moving above their 20 day moving average.
Daily Seasonal/Technical Equity Trends for December 29th 2015
Green: Increase from previous day
Red: Decrease from previous day
Daily Seasonal/Technical Commodities Trends for December 29th 2015
Green: Increase from previous day
Red: Decrease from previous day
Daily Seasonal/Technical Sector Trends for December 29th 2015
Green: Increase from previous day
Red: Decrease from previous day
FP Trading Desk Headlines
FP Trading Desk headline reads, “TSX to outperform S&P 500 in2016”. Following is a link:
http://business.financialpost.com/investing/trading-desk/tsx-to-outperform-sp-500-in-2016-bmo
FP Trading Desk headline reads, “Loonie is just two cents shy of 1986 when oil was $10 a barrel. Time to buy both says David Rosenberg”. Following is a link:
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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
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