Observations Huge key reversal yesterday by U.S. equity market! The Dow Jones Industrial Average initially surged to over 26,000, but weakened through most of the day to close at a small loss. The VIX Index spiked. Technical action by S&P 500 stocks was relatively quiet given their volatility. Three stocks broke intermediate resistance (PDCO, UNH, ADP) and four stocks broke intermediate support (MAC, VNO, SYMC, ALB). Investors are guessing that U.S. trade negotiations with Mexico will go better than anticipated Mexico iShares completed a double bottom pattern yesterday on a move above $51.36.. Uranium ETF completed a short term double top pattern yesterday on a move below $14.75 Trader’s Corner Daily Seasonal/Technical Equity Trends for January 16th 2018 Green: Increase from previous day Red: Decrease from previous day Daily Seasonal/Technical Commodities Trends for January 16th 2018 Green: Increase from previous day Red: Decrease from previous day * Excludes adjustment from rollover of futures contracts Daily Seasonal/Technical Sector Trends for January 16th 2018 Green: Increase from previous day Red: Decrease from previous day StockTwits @EquityClock Will resume tomorrow. S&P 500 Momentum Barometer S&P 500 Barometer slipped 1.80 to 79.20 yesterday. It remains intermediate overbought and showing early signs of rolling over. TSX Momentum Barometer TSX Barometer added 0.41 to 56.02 yesterday. It remains intermediate overbought. 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