Observations Short term momentum indicators for a variety of equity markets and economic sensitive sectors showed signs of rolling over from overbought levels yesterday. Typical of seasonal trends at this time of year beginning on average on July 17th! The Biotech sector continues moving higher during its period of seasonal strength to mid-September (BBH, IBB, FBT). Stocktwits Released Yesterday VIX falls below 12, suggesting caution is warranted. Editor’s Note: Yesterday, it spiked 8.24 to 12.74%. Technical action by S&P 500 stocks to Noon: Bullish. Breakouts: $HAR, $JCI, $LUK, $HCA, $MNK, $FLR, $CNP, $ADS. Breakdown: $TSCO. Editor’s Note: After Noon, Cigna broke intermediate resistance and Range Resources broke intermediate support. Trader’s Corner Daily Seasonal/Technical Equity Trends for July 21st 2016 Green: Increase from previous day Red: Decrease from previous day Daily Seasonal/Technical Commodities Trends for July 21st 2016 Green: Increase from previous day Red: Decrease from previous day Daily Seasonal/Technical Sector Trends for March July 21st 2016 Green: Increase from previous day Red: Decrease from previous day Special Free Services available through www.equityclock.com Equityclock.com is offering free access to a data base showing seasonal studies on individual stocks and sectors. The data base holds seasonality studies on over 1000 big and moderate cap securities and indices. To login, simply go to http://www.equityclock.com/charts. Following is an example: S&P 500 Momentum Barometer More technical evidence that momentum by the S&P 500 Index has rolled over from an intermediate overbought level! The barometer fell 2.80 (3.24%) to 83.60 yesterday TSX Composite Momentum Barometer Barometer for TSX Composite stocks increased 3.43 (4.65%) yesterday. It remains intermediate overbought. Disclaimer: Seasonality and technical ratings offered in this report by www.timingthemarket.ca and 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