StockTwits released yesterday @EquityClock Technical action by S&P 500 stocks to 10:30: Bearish. Breakout: $CPRT. Breakdowns: $HRL $KHC $DO $EOG $EQT $HES $HP $MRO $OKE $VLO $JEC $PH $INTC $NTAP $STX $ADS Editor’s Note: After 10:00 AM EDT, intermediate breakouts include CHD and D. Breakdowns included CMG, FL, WFC and GD. Notably weaker were energy stocks and ETFs on both sides of the border. Breakdowns by $XOP $XEG.CA $XLE $FCG Crude oil ETN $USO leading the energy sector on the downside. Commerce Bank $CM.CA, a TSX 60 stock moved below $105.58 completing a double top pattern. Teck Resources $TECK $TECK.B.CA, a TSX 60 stock moved below $19.78 U.S. and $26.66 Cdn. extending an intermediate downtrend Another base metal equity breakdown! Lundin Mining $LUN.CA moved below $5.94 extending an intermediate downtrend. Semiconductor ETF $SMH moved below $99.84 extending an intermediate downtrend. Gasoline ETN $UGA moved below $30.61 completing a double top pattern in response to a higher than expected U.S. monthly inventory report Europe iShares $IEV moved below $42.88 completing a Head & Shoulders pattern. Magna International $MG.CA $MGA, a TSX 60 stock moved below $57.84 Cdn to a 16 month low extending an intermediate downtrend. Canadian energy stock and ETF breakdowns: $VET.CA $PSK.CA $FRU.CA $XEG.CA $ZEO.CA First Service $FSV.CA moved above $120.08 to an all-time high extending an intermediate uptrend. New Home Sales down 8.3% (NSA) in April, weaker than the 1.4% decline that is average for the month. $MACRO #Economy #Housing Telus $T.CA, a TSX 60 stock moved above $50.61 to an all-time high extending an intermediate uptrend. South Africa iShares $EZA moved below $50.58 completing a double top pattern. Trader’s Corner Equity Indices and related ETFs Daily Seasonal/Technical Equity Trends for May 23rd 2019 Green: Increase from previous day Red: Decrease from previous day Commodities Daily Seasonal/Technical Commodities Trends for May 23rd 2019 Green: Increase from previous day Red: Decrease from previous day Sectors Daily Seasonal/Technical Sector Trends for May 23rd 2019 Green: Increase from previous day Red: Decrease from previous day Keith Richard’s Blog Keith asks, “Will the FAANGs roll over”? Following is a link: https://www.valuetrend.ca/will-the-fangs-roll-over/ S&P 500 Momentum Barometer The Barometer dropped 7.00 to 41.60 yesterday. It remains intermediate neutral and trending down. TSX Momentum Barometer The Barometer dropped 6.30 to 43.70 yesterday. It remains intermediate neutral and trending 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