by Don Vialoux, Timingthemarket.ca
Observations
Equity markets remain nervous prior to release of results from the Brexit referendum. The VIX Index spiked in late trading yesterday.
StockTwits released yesterday @EquityClock
Period of seasonal strength in the Biotech industry starts today as IBB ETF tests support.
Technical action by S&P 500 stocks to 3:30: Quiet. Breakouts: $RIG, $WIN. Breakdowns: $FDX, $MCD
Another Dow Jones Industrial Average stock $MCD broke support at $120.34 extending an intermediate downtrend.
Trader’s Corner
Daily Seasonal/Technical Equity Trends for June 22nd 2016
Green: Increase from previous day
Red: Decrease from previous day
Daily Seasonal/Technical Commodities Trends for June 22nd 2016
Green: Increase from previous day
Red: Decrease from previous day
Daily Seasonal/Technical Sector Trends for March June 22nd 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:
S&P 500 Index Momentum Barometer
The Barometer dipped 1.52(2.48%) yesterday. It remains intermediate overbought and trending down.
TSX Composite Index Momentum Barometer
The Barometer dipped 1.30 (1.97%) yesterday. It remains intermediate overbought and trending down.
Keith Richards Column
Playing the Brexit trade. Following is a link:
http://www.valuetrend.ca/playing-the-brexit-trade/
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
Copyright © DV Tech Talk, Timingthemarket.ca
