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Tech Talk for Friday April 12th 2019

 

Observation

Recovery by U.S. Financial services yesterday was led by Insurance stocks.

 

StockTwits released yesterday @EquityClock

Technical action by S&P 500 stocks to 10:00: Quietly bullish. Intermediate breakouts: $HRB $PHM. No breakdowns

Editor’s Note: After 10:00 AM EDT, intermediate breakouts included CBS, SYY, L and FLS. Breakdown: UNH.

Manulife Financial $MFC.CA, a TSX 60 stock moved above $23.84 extending an intermediate uptrend.

Another Canadian energy stock breakout! Crew Energy $CR.CA moved above $1.29 extending an intermediate uptrend.

Eurozone ETF $EZU moved above $39.84 extending an intermediate uptrend.

National Bank $NA.CA, a TSX 60 stock moved above $62.47 extending an intermediate uptrend.

Enbridge $ENB.CA, a TSX 60 sock moved above $49.57 extending an intermediate uptrend.

Pembina Pipeline $PPL.CA moved above $50.26 to an all-time high extending an intermediate uptrend.

Another Cdn. pipeline breakout! Inter Pipeline $IPL.CA, a TSX 60 stock moved above $22.39 extending an intermediate uptrend

Shopify $SHOP.CA moved above $210.10 to an all-time high extending an intermediate uptrend.

UnitedHealth Group $UNH, a Dow Jones Industrial stock moved below $233.62 extending an intermediate downtrend.

 

Trader’s Corner

Equity Indices and related ETFs

Daily Seasonal/Technical Equity Trends for April 11th 2019

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for April 11th 2019

Green: Increase from previous day

Red: Decrease from previous day

 

Sectors

Daily Seasonal/Technical Sector Trends for April 11th 2019

Green: Increase from previous day

Red: Decrease from previous day

Keith Richard’s Blog

Headline reads, “Have your cake and eat it too: a new strategy for trading value stocks”.

Following is a link:

https://www.valuetrend.ca/have-your-cake-eat-it-too-a-new-strategy-for-trading-value-stocks/

 

S&P 500 Momentum Barometer

The Barometer added 0.20 to 80.76 yesterday. It remains intermediate overbought.

 

TSX Momentum Barometer

The Barometer dropped 1.65 to 70.37 yesterday. It remains intermediate overbought and showing signs of rolling over.

 

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

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