Upcoming BNN Appearance Jon Vialoux will be on BNN’s Market Call Tonight at 6:00pm ET this Friday, May 10th taking your calls on Technical Analysis and Seasonal Investing. CALL TOLL-FREE 1-855-326-6266, EMAIL marketcall@bnnbloomberg.ca, or TWEET @MarketCall. StockTwits released yesterday @EquityClock Broadly based U.S. equity indices break below their 50 day moving average: $SPX $INDU $TRAN $COMPQ $RUT TSX Composite Index breaks below its 50 day moving average $TSX.CA Technical action by S&P 500 stocks to 10:15: Bearish. No breakouts. 17 breakdowns including $OXY $BXP $STT $WX $CAT $DE $EMR $ROK $HPE $FFIV $AOS $LYB $NUE $PEG $ABBV $MMM $XRX Editor’s Note: After 10:00 AM EDT, breakdowns included M and TAP. Breakout: MKC. Utilities SPDRs $XLU moved below $56.98 completing a double top pattern. United Kingdom iShares $EWU moved below $32.80 completing a double top pattern. Emerging Markets iShares $EEM moved below $41.39 setting an intermediate downtrend. Base Metals ETN $DBB moved below $15.81 extending an intermediate downtrend U.S. Base Metals ETF $PICK moved below $29.67 extending an intermediate downtrend. Another major base metal stock $BHP breaks support. Nutrien $NTR.CA, a TSX 60 stock moved below $68.74 setting an intermediate downtrend US #Wholesale #Sales up 15.1% (NSA) in March, inline with average change for this time of year. #Inventories down 0.1%. $MACRO #Economy US #Exports trending 1.6% above average through the first quarter, while #Imports lag their historic norm by 5.6%. Exports showing the best first quarter change since 2012. $MACRO #Economy#Trade Materials SPDRs $XLB moved below support at $53.83 Magna International $MG.CA $MGA, a TSX 60 stock moved below support at$63.18 Cdn. on lower guidance. Cascades $CAS.CA moved above $8.67 completing a base building pattern. Trader’s Corner Equity Indices and related ETFs Daily Seasonal/Technical Equity Trends for May 9th 2019 Green: Increase from previous day Red: Decrease from previous day Commodities Daily Seasonal/Technical Commodities Trends for May 9th 2019 Green: Increase from previous day Red: Decrease from previous day Sectors Daily Seasonal/Technical Sector Trends for May 9th 2019 Green: Increase from previous day Red: Decrease from previous day Investors Digest Don Vialoux was interviewed on Wednesday for Investors Digest “Top Picks”. Subscribers to www.adviceforinvestors.com will receive the comment today. Top pick was the biotech sector (IBB, BBH, FBT). S&P 500 Momentum Barometer The Barometer slipped another 1.40 to 51.40 yesterday. It remains intermediate neutral and trending down. TSX Momentum Barometer The Barometer added 0.66 to 44.73 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