Observations Lots of responses in U.S. markets to coronavirus concerns! The VIX Index spiked Interest rates declined. Long term Treasury iShares extended their breakout. Broadly based U.S. equity indices broke below their 20 day moving average. StockTwits released yesterday @EquityClock ExxonMobil $XOM, a Dow Jones Industrial stock moved below $65.51 extending an intermediate downtrend. Alexion Pharma $ALXN, a NASDAQ 100 stock moved below $104.56 setting an intermediate downtrend. Align Technology $ALGN, a NASDAQ 100 stock moved below $257.43 setting an intermediate downtrend. Caterpillar $CAT, a Dow Jones Industrial stock moved below $137.60 completing a double top pattern. UPS $UPS, an S&P 100 stock moved below $114.25 setting an intermediate downtrend. Gold SPDRs $GLD moved above $148.61 to a 7 year high extending an intermediate uptrend Materials SPDRs $XLB moved below $59.20 setting an intermediate downtrend. Base metals stocks and ETFs are notably weaker. Global Base Metals iShares $XBM.CA moved below $10.55 setting an intermediate downtrend. Individual base metals equities breaking support include $BHP $HBM.CA $LUN.CA United Kingdom iShares $EWU moved below $33.49 completing a double top pattern. S&P Bank SPDRs $KBE moved below $44.59 setting an intermediate downtrend Uranium ETF $URA moved below $10.56 setting an intermediate downtrend. Auto ETF $CARZ moved below $32.70 completing a double top pattern. Gasoline ETN $UGA moved below $28.20 setting an intermediate downtrend China A shares Fund $CAF moved below $19.37 setting an intermediate downtrend. Lumber and Forestry iShares $WOOD moved below $63.70 setting an intermediate downtrend. Saputo $SAP.CA, a TSX 60 stock moved above $40.84 setting an intermediate uptrend. UnitedHealth Group $UNH, a Dow Jones Industrial stock moved below $284.36 completing a double top pattern New Home Sales up 23.7% (NSA) in 2019, best calendar year gain since 1991. Average annual increase over the past 20 years has been 1.0%. Trader’s Corner Equity Indices and related ETFs Daily Seasonal/Technical Equity Trends for January 27th 2020 Green: Increase from previous day Red: Decrease from previous day Commodities Daily Seasonal/Technical Commodities Trends for January 27th 2020 Green: Increase from previous day Red: Decrease from previous day Sectors Daily Seasonal/Technical Sector Trends for January 27th 2020 Green: Increase from previous day Red: Decrease from previous day Technical Scoop Thank you to David Chapman and www.EnrichedInvesting.com for a link to the following weekly report. Headline reads, “Epidemic affect, gold rise, market swoon, bond benefit, spread narrowing, dollar hegemony, dot.com bubble” http://enrichedinvesting.com/wp-content/uploads/2020/01/Epidemic-affect-gold-rise-market-swoon-bond-benefit-spread-narrowing-dollar-hegemony-dotcom-bubble.pdf Keith Richards’ Blog Keith asks, “How sick will coronavirus flu make the market”? Following is the link: https://www.valuetrend.ca/special-report-how-sick-will-the-coronavirus-flu-make-the-market/ S&P 500 Momentum Barometer The Barometer dropped 11.82 to 55.51 yesterday. It changed from intermediate overbought to intermediate neutral on a move below 60.00 and is trending down. TSX Momentum Barometer The Barometer dropped 6.42 to 63.30 yesterday. It remains intermediate overbought 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