Observation Yesterday, U.S. equity indices recovered most of their losses recorded on Wednesday. However, after the close, two heavy weight stocks in these indices (Amazon and Google) reported disappointing results implying a significant drop at the opening today. Caveat emptor! StockTwits Released Yesterday @EquityClock Technical action by S&P 500 stocks to 10:15: Bearish. No breakouts. Breakdowns: $HSY $LLY $MRK $SYK $UNH $ZBH $LMT $LUV $UNP $AMD $COO. Editor’s Note: After 10:15 AM EDT, breakdowns included SYF,FL, FTI, NEM and RSG. No breakouts. Healthcare stocks dominated the breakdown list: $LLY $MRK $UNH $ZBH. Goldcorp $G.CA $GG, a TSX 60 stock moved below $12.74 and $9.75 U.S. extending an intermediate downtrend. Kinross Gold $KGC $K.CA, a TSX 60 stock moved below $2.67 U.S. extending an intermediate downtrend AltaGas $ALA.CA moved above $21.58 completing a double bottom pattern. Maple Leaf Foods $MFI.CA moved below $30.38 and $30.24 setting an intermediate downtrend Celestica $CLS.CA moved below $12.27 and $12.58 to a 2 year low extending an intermediate downtrend. Another Cdn. gold producer breakdown! Detour Gold $DGC.CA moved below $9.91 extending an intermediate downtrend. US Durable Goods Orders up 0.9% (NSA), weaker than the 6.5% increase that is average for the month. $MACRO #Economy #Manufacturing Trader’s Corner Equity Indices and related ETFs Daily Seasonal/Technical Equity Trends for October 25th 2018 Green: Increase from previous day Red: Decrease from previous day Commodities Daily Seasonal/Technical Commodities Trends for October 25th 2018 Green: Increase from previous day Red: Decrease from previous day Sectors Daily Seasonal/Technical Sector Trends for October 25th 2018 Green: Increase from previous day Red: Decrease from previous day S&P 500 Momentum Barometer The Barometer added 3.00 to 16.80 yesterday. It remains intermediate oversold. TSX Momentum Barometer The Barometer slipped another 0.90 to a new intermediate cycle low at 15.77. 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