Observation CNBC talked last night about the dreaded “Death Cross” by the Russell 2000 Index when the Index almost completed the pattern yesterday. The “Death Cross” occurs when the 50 day moving average moves below the 200 day moving average. The indicator implies significantly lower prices for small cap stocks. Tech Talk’s previous studies on this indicator show that returns for this indicator tend to be random. Seasonality charts suggest the likelihood of strength rather than weakness to at least year end. StockTwits Released Yesterday @EquityClock Technical action by S&P 500 stocks to 11:30: Bearish. Intermediate breakouts: $AVB $USB. Breakdowns: $BBY $CXO $EOG $HAL. Editor’s Note: After 11:30 AM EST, no additional breakouts. Breakdowns: HFC and OKE Rogers Communications $RCI.B.CA $RCI, a TSX 60 stock moved above $69.35 Cdn. to an all-time high extending an uptrend. First Majestic Silver $AG $FR.CA moved below $5.01 U.S. and $6.60 Cdn. extending an intermediate downtrend. Lumber ETF $WOOD moved below $64.44 extending an intermediate downtrend. More S&P Energy stocks break intermediate support: $HFC $HP $OKE $PSX. Suncor $SU.CA, a TSX 60 stock moved below $43.12 extending an intermediate downtrend. Trader’s Corner Note deterioration of Momentum indicators by a wide variety of indices, commodities and sectors Equity Indices and related ETFs Daily Seasonal/Technical Equity Trends for November 13th 2018 Green: Increase from previous day Red: Decrease from previous day Commodities Daily Seasonal/Technical Commodities Trends for November 13th 2018 Green: Increase from previous day Red: Decrease from previous day Sectors Daily Seasonal/Technical Sector Trends for November 13th 2018 Green: Increase from previous day Red: Decrease from previous day S&P 500 Momentum Barometer The Barometer added 1.60 to 37.80 yesterday. It remains intermediate oversold. TSX Momentum Barometer The Barometer slipped another 1.67 to 30.13 yesterday. It remains intermediate oversold. 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