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Tech Talk for Tuesday April 30th 2019

 

StockTwits released yesterday @EquityClock

S&P 500 Index $SPX moved above $2940.41 to an all-time inter-day high extending an intermediate uptrend

Editor’s Note: The Russell 2000 Index also broke to a new recent high on a move above 1602.10.

Technical action by S&P 500 stocks to 10:00: Mixed. Intermediate breakouts: $IPG $FITB $USB $ATVI. Breakdowns: $CHRW $JBHT $NUE

Editor’s Note: After 10:00 AM EDT. Intermediate breakouts included CRM, JCI, SIVB and PRGO. Breakdown: COTY.

S&P Bank SPDRs $KBE moved above $45.77 extending an intermediate uptrend.

 

Trader’s Corner

 

Equity Indices and related ETFs

Daily Seasonal/Technical Equity Trends for April 29th 2019

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for April 29th 2019

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for April 29th 2019

Green: Increase from previous day

Red: Decrease from previous day

 

Technical Scoop

David Chapman’s weekly report. See:

http://enrichedinvesting.com/wp-content/uploads/2019/04/Record-close-chugging-higher-no-recession-positive-indicators.pdf

 

S&P Momentum Barometer

The Barometer was unchanged yesterday. It remains intermediate overbought.

 

TSX Momentum Barometer

The Barometer slipped another 0.60 to 58.47 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

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