Observation The S&P 500 Index closed at an all-time high. The Dow Jones Industrial Average moved above 26,695.96 and is testing its all-time high at 26,951.81 European equity indices and related ETFs also broke to new recent highs. EAFE also broke to a new recent high. Strength in equity indices was triggered by weakness in the U.S. Dollar Index and related ETN StockTwits released yesterday @EquityClock Another manufacturer sentiment report shows a negative result for June. Philadelphia Manufacturing Business Outlook Index comes in at -1.7 (NSA), well below the +8.1 that is average for this time of year. $MACRO #Economy #Manufacturing Technical action by S&P 500 stocks to 10:00: Bullish. Breakouts: $AMZN $NIKE $ULTA $WHR $GIS $BHGE $MCO $BAX $BMY $ISRG $NKTR $PKI $REGN $AGN $CMI $FBHS $TDG $FISV $IT $ORCL $SYMC $NEM $INCY Breakdowns: $CCL $DRI $KR Editor’s Note: After 10:00 AM EDT, intermediate breakout: FLS. No breakdowns. Lots of gold stock breakouts this morning! Examples: $ABX.CA $K.CA Dow Jones Industrials ETF $DIA moved above $266.20 to an all-time higher extending an intermediate uptrend S&P 500 ETF $SPY moved above $294.95 to an all-time high extending an intermediate uptrend. Brookfield Asset Management $BAM $BAM.A.CA, a TSX 60 stock moved above $44.26 U.S. to an all-time high extending an intermediate uptrend. Another Canadian precious metals producer breakout! First Majestic $FR.CA moved above $9.64 extending an intermediate uptrend. Cameco $CCJ $CCO.CA, a TSX 60 stock moved above $10.63 U.S. completing a double bottom pattern. Trader’s Corner Equity Indices and related ETFs Daily Seasonal/Technical Equity Trends for June 20th 2019 Green: Increase from previous day Red: Decrease from previous day Commodities Daily Seasonal/Technical Commodities Trends for June 20th 2019 Green: Increase from previous day Red: Decrease from previous day Sectors Daily Seasonal/Technical Sector Trends for June 20th 2019 Green: Increase from previous day Red: Decrease from previous day Josef Schachter on BNNBloomberg Yesterday Market Call https://www.bnnbloomberg.ca/video/josef-schachter-s-market-outlook~1711867 Past Picks https://www.bnnbloomberg.ca/video/josef-schachter-s-past-picks~1711871 Top Picks https://www.bnnbloomberg.ca/video/josef-schachter-s-top-picks~1711986 Keith Richard on BNN Bloomberg Yesterday Market Call https://www.bnnbloomberg.ca/video/keith-richards-market-outlook~1712560 Past Picks https://www.bnnbloomberg.ca/video/keith-richards-past-picks~1712600 Top Picks https://www.bnnbloomberg.ca/video/keith-richards-top-picks~1712632 S&P 500 Momentum Barometer The Barometer gained 6.41 to 69.94 yesterday. It remains intermediate overbought. TSX Momentum Barometer The Barometer added 1.45 to 61.70 yesterday. It remains intermediate overbought. 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