Observations More technical evidence that the Bear Market rally has ended! Broadly based U.S. equity indices and their related ETFs broke below their 20 day moving average yesterday. The Canadian Dollar remains under technical pressure. Short term breakdown at 74.75 cents U.S.! StockTwits released yesterday @EquityClock Technical action by S&P 500 stocks to 10:00: Bearish. No intermediate breakouts. Breakdowns: $TRIP $GILD $GE $ALK $HPQ Editor’s Note: After 10:00 AM EST, intermediate breakouts included FB, ED and DLTR. Breakdown: HAL. India ETF $PIN moved above $24.37 resuming an intermediate uptrend. Aecon Group $ARE.CA moved above $19.65 to an all-time high extending an intermediate uptrend Facebook $FB, one of the FAANG stocks moved above $172.47 extending an intermediate uptrend Canadian #Exports show mediocre growth in 2018, up a mere 0.5%. $MACRO #CDNecon #CAD Mexico ETF $EWW moved below $42.42 setting an intermediate downtrend. Forest Product iShares $WOOD moved below $63.56 completing a double top pattern. Following the downtrend in lumber futures prices Editor’s Note: Note technical comment below on the Home Builder ETF (XBM). A slowdown in the Home Building sector has a direct impact on demand for lumber and plywood. Days of supply of Oil and Gas moving in opposite directions: Oil up, Gas down, resulting in the divergence in prices. $USO $UGA $XLE $XOP More evidence that Bear Market Rally in U.S. equity indices has ended! Russell 2000 Index and related ETF $IWM moved below their 20 day MA More technical evidence that Bear Market Rally in U.S. equity indices has ended! Dow Jones Industrials and $DIA moved below their 20 day MA Updates More favoured seasonal trades have become profit taking candidates. They are trades that previously were supported with a price chart breakout accompanied with a seasonality chart in StockTwits @EquityClock and Tech Talk. Recently, all have recorded negative short term momentum (daily Stochastics, RSI, MACD) and have started to show underperformance relative to the S&P 500 Index. Yesterday, all broke below their 20 day moving average. Selections included: Homebuilders SPDRs (XHB $38.08) discussed on January 4th at $33.66. Incyte (INCY $83.37) discussed on January 8th at $74.89 Broadcom (AVGO $271.35) discussed on January 15th at $256.49 Texas Instruments (TXN $105.42) discussed on January 25th at $104.81 Trader’s Corner. Equity Indices and related ETFs Daily Seasonal/Technical Equity Trends for March 6th 2019 Green: Increase from previous day Red: Decrease from previous day Commodities Daily Seasonal/Technical Commodities Trends for March 6th 2019 Green: Increase from previous day Red: Decrease from previous day Sectors Daily Seasonal/Technical Sector Trends for March 6th 2019 Green: Increase from previous day Red: Decrease from previous day S&P 500 Momentum Barometer The Barometer dropped another 3.20 to 84.00 yesterday. It remains intermediate overbought and has started to trend down. TSX Momentum Barometer The Barometer dropped another 2.95 to 78.06 yesterday. It remains intermediate overbought and has started to trend down. http://www.equityclock.com/about/seasonal-advantage-portfolio/ 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