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Tech Talk for Thursday June 13th 2019

 

StockTwits released yesterday @EquityClock

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

Editor’s Note: After 10:00 AM EDT, intermediate breakout included MRK and breakdown included RTN.

Johnson & Johnson $JNJ, a Dow Jones Industrial stock moved above $141.36 extending an intermediate uptrend.

US Consumer Price Index #CPI up 0.2% (NSA) in May, slightly weaker than the 0.3% increase that is average for the spring month. $MACRO #Economy

Cascades $CAS.CA moved above $9.72 extending an intermediate uptrend.

Merck $MRK, a Dow Jones Industrial stock moved above $83.85 to an all-time high extending an intermediate uptrend.

Power Corp $POW.CA, a TSX 60 stock moved below $27.42 extending an intermediate downtrend.

Power Financial $PWF.CA moved below $29.58 extending an intermediate downtrend.

Inter Pipeline $IPL.CA moved below $20.16 setting an intermediate downtrend.

 

Trader’s Corner

Equity Indices and related ETFs

Daily Seasonal/Technical Equity Trends for June 12th 2019

Green: Increase from previous day

Red: Decrease from previous day

 

Commodities

Daily Seasonal/Technical Commodities Trends for June 12th 2019

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for June 12th 2019

Green: Increase from previous day

Red: Decrease from previous day

S&P 500 Momentum Barometer

The Barometer slipped 2.20 to 54.31 yesterday. It remains intermediate neutral.

 

TSX Momentum Barometer

The Barometer added 0.63 to 49.58 yesterday. It remains intermediate neutral.

 

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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