Observations TSX Financial Services Index, led by Canada’s bank stocks, moved above 306.57 and 306.58 extending an intermediate uptrend. Financials are moving higher in anticipation of strong fiscal third quarter earnings that start appearing next week. Consensus calls for an 8% increase in earnings on a year-over-year basis by Canada’s major banks. Also, look for a couple of banks to raise their quarterly dividend. Solar stocks and their related ETF continue to “lose their shine”. StockTwits Released Yesterday @EquityClock Home Depot $HD, a Dow Jones Industrial stock moved below $12.12 completing a Head & Shoulders pattern. Base Metals ETN $DBB moved below $16.15 extending an intermediate downtrend. Another base metal stock breakdown! First Quantum Minerals $FM.CA moved below $17.70 extending an intermediate downtrend. CAE Inc. $CAE.CA moved below $26.52 and $26.37 extending a double top pattern. Technical action by S&P 500 stocks to 10:00: Quietly bullish. Intermediate breakouts: $APD $TPR $AMD. Breakdown: $HD. Editor’s Note: After 10:00 AM EDT, breakouts included NCLH, EVHC, JWN, MCD, M, SBUX and STI. Breakdowns included DO and MU. Ensign Energy Services $ESI.CA moved above $6.42 extending an intermediate uptrend. Trader’s Corner Equities and Related ETFs Daily Seasonal/Technical Equity Trends for August 14th 2018 Green: Increase from previous day Red: Decrease from previous day Commodities Daily Seasonal/Technical Commodities Trends for August 14th 2018 Green: Increase from previous day Red: Decrease from previous day Sectors Daily Seasonal/Technical Sector Trends for August 14th 2018 Green: Increase from previous day Red: Decrease from previous day S&P 500 Momentum Barometer The Barometer added 4.60 to 63.20 yesterday. It returned to an intermediate overbought level from an intermediate neutral level, but continues to trend down. TSX Momentum Barometer The Barometer added 2.92 to 47.50 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