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