Timing the market

Your daily source for reloable market analysis

Send me real-time posts from this site at my email

Tech Talk for Friday May 17th 2019

 

Next Tech Talk report

To be released on Tuesday May 21st. Monday is a holiday for markets in Canada.

StockTwits released yesterday @EquityClock

Canada #Manufacturing Sales up 15.3% (NSA) in March, stronger than 13.8% increase that is average for the month. $MACRO #CDNecon #CAD

Philadelphia #Manufacturing Business Outlook Index coming in at +24.1 for May, stronger than the +17.1 that is average for the month. $MACRO #Economy

US #Housing Starts up 19.1% (NSA) in April, more than double the 8.9% increase that is average for this time of year. $MACRO #Economy

Consumer Staples SPDRs $XLP moved above $57.82 to an all-time high extending an intermediate uptrend.

Technical action by S&P 500 stocks to 10:00: Quietly bullish. Intermediate breakouts: $PG (a Dow Jones Industrial stock) $LEN. No breakdowns.

After 10:00 AM EDT, breakouts included VTR, INFO and KO. Breakdown: IPGP.

U.S. REIT ETF $IYR moved above $88.23 to an all-time high extending an intermediate uptrend.

Canadian Pacific $CP.CA $CP, a TSX 60 stock moved above $306.13 Cdn. and $227.53 U.S. to an all-time high extending an intermediate uptrend.

George Weston $WN.CA, a TSX 60 stock moved above $102.38 extending an intermediate uptrend

 

Observation

Pending regime change?

 

Trader’s Corner

Equity Indices and related ETFs

Daily Seasonal/Technical Equity Trends for May 16th 2019

Green: Increase from previous day

Red: Decrease from previous day

 

Commodities

Daily Seasonal/Technical Commodities Trends for May 16th 2019

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for May 16th 2019

Green: Increase from previous day

Red: Decrease from previous day

 

Keith Richard’s Blog

Keith asks: “China trade negotiations also a trading opportunity”? Following is a link:

https://www.valuetrend.ca/china-trade-negotiations-also-a-trading-opportunity-for-the-stock-market/

 

S&P 500 Momentum Barometer

The Barometer gained 6.60 to 51.20 yesterday. It remains intermediate neutral and trending down despite the gain yesterday.

 

TSX Momentum Barometer

The Barometer gained 7.14 to 53.36 yesterday. It remains intermediate neutral and trending down despite the gain yesterday.

 

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

Welcome!!! Is it your First time here?

What are you looking for? Select your points of interest to improve your first-time experience:

Apply & Continue