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Tech Talk for Friday December 15th 2017

 

Observations

The Australia All Ordinaries Composite Index (a commodity sensitive equity index similar to the TSX) moved above 6,124.70 to reach an all-time high yesterday.

Greek ETF (GREK): Out of the ashes!

 

StockTwits Released Yesterday @EquityClock

Technicals for S&P 500 stocks to Noon: Bearish. Breakouts: $TPR $TEL $TXN. Breakdowns: $HES $RIG $CB $WU $OI $LNT $XEL

Editor’s Note: After noon, no breakouts. Breakdowns: GM, AIG, FTV

Palladium ETN $PALL moved above $98.23 to all-time high extending an intermediate uptrend.

TSX Energy iShares $XEG.CA moved below $11.70 setting new short term downtrend.

General Motors $GM moved below $40.98 completing a double top pattern.

Linamar $LNR.CA moved below $65.08 completing a Head & Shoulders pattern

Tourmaline $TOU.CA moved below $21.48 extending an intermediate downtrend.

Selected Cdn. gold stocks moving above recent trading ranges e.g. SMF.CA above $3.46 and $3.47

 

Trader’s Corner

Daily Seasonal/Technical Equity Trends for December 14th 2017

Green: Increase from previous day

Red: Decrease from previous day

 

Daily Seasonal/Technical Commodities Trends for December 14th 2017

Green: Increase from previous day

Red: Decrease from previous day

* Excludes adjustment from rollover of futures contracts

 

Daily Seasonal/Technical Sector Trends for December 14th 2017

Green: Increase from previous day

Red: Decrease from previous day

 

S&P 500 Momentum Barometer

The Barometer dropped 6.40 to 67.60 yesterday. It remains intermediate overbought and trending down.

 

TSX Momentum Barometer

The Barometer dropped 5.39 to 47.72 yesterday. It remain 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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