Observations Technical early warning signals by Far East equity markets! The Shanghai Composite Index and Nikkei Average moved below short term support levels. Interesting report on Natural Gas and Canadian “gassy” stocks from a U.S. perspective Following is a link: http://seekingalpha.com/article/4037317-hfi-researchs-2017-natural-gas-outlook Following is Tech Talk’s response: Period of seasonal strength for Canadian energy sector on a real and relative basis starts next week and continues to early May. See http://bit.ly/2iy5N1S. Weather is an important factor. Next NOAA long term forecast comes this Thursday. Last long term forecast released in mid-December for January/February/March confirmed a "La Nina" weather pattern influencing Northern U.S. states and southern Canada, predicting colder than average temperatures and greater than average precipitation. Confirmation of continuation of a "La Nina" into April is bullish for natural gas prices and natural gas stocks/ETFs. Canadian ETF is ZJN. U.S. ETF is FCG. StockTwits Released Yesterday Food retail industry entering a period of seasonal strength. Wide variety of gold producer stocks breaking short/intermediate resistance levels: $GG $ABX $SLW $KGC $SMF.CA. ‘Tis the season! Technical action by S&P 500 stocks to 10:00: Mixed. Breakouts: $DLPH $RAI $KMI $AEP. Breakdowns: $CMA $LUK $AET Editor’s Note: After 10:00 AM EST, breakouts included TSCO, AVP, PM BSX DTE ES and SO. Breakdowns included TGNA, WMB, COF, GS and QCOM Lower U.S. Dollar sparked a breakout by the Grain ETN $JJG above $29.65 completing a reverse Head & Shoulders pattern. Copper Miners ETF $COPX moved above $23.24 extending intermediate uptrend. ‘Tis the season for strength! Consumer Discretionary SPDRs $XLY moved above $84.18 to an all-time high extending an uptrend. Solar ETF $TAN moved above $17.80 completing a double bottom pattern. Kinross $K.CA moved above $4.665 despite strong Cdn. Dollar completing a reverse Head & Shoulders pattern. Qualcomm $QCOM is leading the tech sector on the downside on a move below $63.78. Goldman Sachs $GS is leading financials on downside on a move below $236.26. Seasonality for the technology sector on a real and relative basis is neutral/negative until mid-April. Pan American Silver $PAAS moved above $18.37 completing a double bottom pattern. Pan American Silver currently is in a period of seasonal strength lasting to late February. PAA.TO Relative to the S&P 500 Trader’s Corner Daily Seasonal/Technical Equity Trends for January 17th 2017 Green: Increase from previous day Red: Decrease from previous day Daily Seasonal/Technical Commodities Trends for January 17th 2017 Green: Increase from previous day Red: Decrease from previous day Daily Seasonal/Technical Sector Trends for January 17th 2017 Green: Increase from previous day Red: Decrease from previous day S&P 500 Momentum Barometer The Barometer slipped 0.60 to 75.20 yesterday. It remains intermediate overbought and continues to signs of rolling over. TSX Momentum Barometer The Barometer slipped another 1.69 to 71.61 yesterday. It remains intermediate overbought and continues to show signs of rolling over. Disclaimer: Seasonality and technical ratings offered in this report 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