Observations Canadian Dollar moved below U.S.73.96 cents extending an intermediate downtrend. New hope for Greece? U.S. Equity Index Short Term Breakdowns StockTwits released yesterday @EquityClock Technical action by S&P 500 stocks to 10:00: Bearish. No intermediate breakouts. Breakdowns: $BBBY $NKE $BKNG $CLX $GIS $KR $CXO $DVN $NBL $BEN $CMA $GIS $MAC $PLD $SPG $TROW $UNM $ALXN $JNJ $AME $FAST $NSC $ROP $JNPR $TXN $EMN Editor’s Note: After 10:00 AM EDT, no breakouts. Breakdowns: YUM, CBS, NWL, CAG, PBCT, CAH, UHS, AGN and BAX. Industrial SPDRs $XLI moved below $72.62 completing a modified Head & Shoulders pattern. Consumer Staples SPDRs $XLP moved below $56.19 completing a double top pattern Dow Jones Industrial Average ETF $DIA moved below $251.96 completing a Head & Shoulders pattern. iShares MSCI Eurozone $EZU moved below $38.17 completing a Head & Shoulders pattern Dow Jones Transportation ETF $IYT moved below $179.55 setting an intermediate downtrend. S&P Mid-cap 400 SPDRs $MDY moved below $335.14 setting an intermediate downtrend. Pharmaceutical ETF $PPH moved below $55.99 extending an intermediate downtrend. Corn ETN $CORN moved above $16.67 extending an intermediate uptrend Canadian National Railway $CNR.CA $CNI, a TSX 60 stock moved below $121.99 Cdn and $90.68 U.S. completing a double top pattern. Bausch Health $BHC.CA, a TSX 60 stock moved below $30.27 setting an intermediate downtrend. Gildan Activewear $GIL.CA, a TSX 60 stock moved below $48.96 completing a double top pattern. Trader’s Corner Equity Indices and related ETFs Daily Seasonal/Technical Equity Trends for May 29th 2019 Green: Increase from previous day Red: Decrease from previous day Commodities Daily Seasonal/Technical Commodities Trends for May 29th 2019 Green: Increase from previous day Red: Decrease from previous day Sectors Daily Seasonal/Technical Sector Trends for May 29th 2019 Green: Increase from previous day Red: Decrease from previous day Keith Richard’s Blog Keith discusses hedging portfolio risk. Following is a link: https://www.valuetrend.ca/hedging-portfolio-risk/ S&P 500 Momentum Barometer The Barometer dropped another 6.00 to 30.80 yesterday. It remains intermediate oversold and trending down. TSX Momentum Barometer The Barometer dropped another 7.17 to 37.97 yesterday. It changed to intermediate oversold from intermediate neutral on a move below 40.00 and continues to trend 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