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Tech Talk for Wednesday July 18th 2018

 

StockTwits Released Yesterday @EquityClock

First Majestic Silver .CA moved below $9.50 Cdn. setting an intermediate downtrend.

TMX Group .CA moved above $86.98 to an all-time high extending an intermediate uptrend.

Technical action by S&P 500 stocks to 10:00: Quietly bearish. No intermediate breakouts. Breakdowns: .

Editor’s Note: After 10:00 AM EDT, intermediate breakouts included LUV, TSCO, LEN, TRIP, GLW, INTU. Breakdowns: BHGE, DISCK

Brazil iShares moved above $34.09 completing a double bottom pattern.

‘Tis the season for strength for Brazil equities and related ETFs to move higher to the end of December!

Bank of Montreal .CA , a TSX 60 stock moved above $103.89 Cdn. to an all-time high extending an intermediate uptrend.

Fairfax Financial $FFH.CA moved below $699.30 extending an intermediate downtrend.

Metro $MRU.CA, a TSX 60 stock moved above $45.31 extending an intermediate uptrend.

Canada Manufacturing Sales up 10.7% (NSA) in May, almost double the 5.4% increase that is average for the month. $MACRO #CDNecon #CAD

Industrial Production up 3.3% (NSA) In June, better than the 2.9% average increase for the month. $MACRO #Economy #Manufacturing

Obsidian Energy .CA moved below $1.38 completing a double top pattern.

 

Trader’s Corner

Note changes in Seasonal ratings effective today. More information and charts are offered in tomorrow’s TechTalk.

Daily Seasonal/Technical Equity Trends for July 17th 2018

Green: Increase from previous day

Red: Decrease from previous day

 

Daily Seasonal/Technical Commodities Trends for July 17th 2018

Green: Increase from previous day

Red: Decrease from previous day

 

Daily Seasonal/Technical Sector Trends for July 17th 2018

Green: Increase from previous day

Red: Decrease from previous day

 

S&P 500 Momentum Barometer

The Barometer slipped 2.80 to 64.20 yesterday. It remains intermediate overbought and showing early signs of rolling over.

 

TSX Momentum Barometer

The Barometer added 4.75 to 64.17 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