Observations Financial equities led the advance in North American equity markets yesterday. The TSX Financial Services Index continues to show strong on-balance volume accumulations. ‘Tis the season for lumber prices to come under pressure! Lumber fell below $313.30 establishing an intermediate downtrend. The Australia All Ordinaries Composite Index broke support at 5,551.40 establishing an intermediate downtrend. StockTwits Released Yesterday @EquityClock Yield on 10 year Treasury note breaking above an ascending triangle pattern. Technical action by S&P 500 stocks to 10:00: Bullish. Breakouts mostly financials. Breakouts: $ETFC, $SCHW, $NTRS, $RF, $WFC, $STX. Breakdown: $JBHT Editor’s Note: After 10:00 AM EDT, another seven S&P 500 stocks broke intermediate resistance (most were financials): AON, CINF, HBAN, LUK, BDX, IR, DLPH. Breakdowns: GILD, PEG. Nice breakout by $CP.CA above resistance at $199.68 extending intermediate uptrend. Nice breakout by $CNR.CA above resistance at $85.43 extending intermediate uptrend. Disney $DIS briefly broke support at $94.56 as tropical storm moves toward Disney World in Orlando. ‘Tis the season for weakness in $DIS until the end of September! Seasonality Changes near the beginning of September Following are the changes for major equity markets, commodities and sectors: TSX Composite Index from Neutral to Negative Dow Jones Industrial Average from Neutral to Negative Natural Gas from Neutral to Positive Lumber from Neutral to Negative Consumer Discretionary from Negative to Neutral U.S. Financials from Negative to Neutral TSX Energy from Neutral to Negative Trader’s Corner Daily Seasonal/Technical Equity Trends for August 29th 2016 Green: Increase from previous day Red: Decrease from previous day Strength in the U.S. Dollar Index had a negative impact on commodity prices and technical scores Daily Seasonal/Technical Commodities Trends for August 29th 2016 Green: Increase from previous day Red: Decrease from previous day Daily Seasonal/Technical Sector Trends for August 29th 2016 Green: Increase from previous day Red: Decrease from previous day S&P 500 Momentum Barometer The Barometer gained 3.80 to 63.60 yesterday. It remains intermediate overbought and trending down. TSX Composite Momentum Barometer The Barometer added 0.43 to 60.68 yesterday. It remains intermediate overbought and trending down. Disclaimer: Seasonality and technical ratings offered in this report by www.timingthemarket.ca and 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