Observations Retail merchandiser stocks came under substantial technical pressure after Amazon announced plans to raise its minimum wage in the U.S. to $15 per hour. Other retailers are paying significantly less than $15 per hour and are unwilling/unable to increase to this level without significantly reducing profit margins. Note the volume! Zinc prices suddenly woke up. The Base Metals ETN (1/3 zinc weight) continued to move higher after completing a double bottom pattern. Check out the volume! StockTwits Released Yesterday @EquityClock Technical action by S&P 500 stocks to 12:30: Mixed. Intermediate breakouts: $MKC $PXD $GILD $LLY $AAPL. Breakdowns: $PEP $DAL $RHT. Editor’s Note: After 12:30 PM EDT, breakout included UNH and breakdown included AKAM Apple $AAPL, a Dow Jones Industrial stock moved above $229.67 to an all-time high extending an intermediate uptrend. Financial SPDRs $XLF moved below $27.48 extending an intermediate downtrend. Cdn. Financials iShares $XFN.CA moved below $38.04 completing a double top pattern. Editor’s Note: Canada’s banks led the decline. Equal Weight Bank ETF briefly slipped below support at $29.92. Royal Bank $RY.CA, a TSX 60 stock moved below $102.76 completing a double top pattern. George Weston $WN.CA, a TSX 60 stock moved below $96.46 extending an intermediate downtrend. Invesco India ETF $PIN moved below $23.76 completing a long term Head & Shoulders pattern. Constellation Software $CSU.CA, a TSX 60 stock moved below $921.31 setting an intermediate downtrend. UnitedHealth Group $UNH, a Dow Jones Industrial stock moved above $271.16 to an all-time high extending an intermediate uptrend. TSX 60 Index $SPTSE briefly moved below 946.88 extending a Head & Shoulders pattern. Trader’s Corner Daily Seasonal/Technical Equity Trends for October 2nd 2018 Green: Increase from previous day Red: Decrease from previous day Commodities Daily Seasonal/Technical Commodities Trends for October 2nd 2018 Green: Increase from previous day Red: Decrease from previous day Sectors Daily Seasonal/Technical Sector Trends for October 2nd 2018 Green: Increase from previous day Red: Decrease from previous day Tired of seeing your seasonal fund remain stagnant when seasonally favoured sectors move higher? Consider switching to the Seasonal Advantage Portfolio http://www.equityclock.com/About/Seasonal-Advantage-Portfoli... … https://twitter.com/hashtag/SeasonalInvestingDoneRight?src=hash!function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0],p=/^http:/.test(d.location)?'http':'https';if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src=p+"://platform.twitter.com/widgets.js";fjs.parentNode.insertBefore(js,fjs);}}(document,"script","twitter-wjs");t Best Nine Month Period in the Four Year Presidential Cycle According to Oppenheimer & Co.’s technical analyst, Ari Wald, “Q4 of midterm years through Q2 of pre-election years have been the best nine-month stretch of the four-year U.S. presidential cycle since 1929,” Following is a link to the report: https://www.marketgauge.com/resources/market-outlook/the-most-bullish-quarter-of-the-election-cycle/ S&P 500 Momentum Barometer The Barometer slipped 0.60 to 57.80 yesterday. It remains intermediate neutral and continues to trend down. TSX Momentum Barometer The Barometer dropped 3.78 to 36.97 yesterday. It changed from intermediate neutral to intermediate oversold on a move below 40 and continues to trend down. Disclaimer: Seasonality and technical ratings offered in this report and at 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