Upcoming BNN Appearance: Jon Vialoux will be on BNN’s Market Call Tonight at 5:30pm ET this Friday, August 18th taking your calls on Technical Analysis and Seasonal Investing. CALL TOLL-FREE 1-855-326-6266, EMAIL marketcall@bnn.ca, or TWEET @MarketCall Be sure to send in your video questions for priority response on air. Observation Base metal prices and related ETNs virtually exploded to the upside. Base metal equity prices quickly followed. (DBB is 1/3 copper, 1/3 zinc, 1/3 aluminum). More charts later. StockTwits Released Yesterday @EquityClock The Consumer threatens to pull down this market. See http://www.equityclock.com/2017/08/15/stock-market-outlook-for-august-16-2017/ Cisco $CSCO, a Dow Jones Industrial stock moved above $32.25 extending an intermediate uptrend. Editor’s Note: After the close, Cisco reported fiscal fourth quarter earnings in line with consensus and quarterly sales slightly higher than consensus. The stock immediately moved lower when traders sold on news. Technical action by S&P 500 stocks to 10:00: Bullish. Breakouts: $AVB $A $WM $MA $CSCO. No breakdowns. Editor’s Note: After 10:00 AM EDT, breakout included CRM, RHT and TSS. Breakdowns included EOG, KMI, MRO, XOM, LLY and JEC Hudbay Mining $HBM.CA moved above $10.01 extending an intermediate uptrend. More base metal stocks breaking to new highs extending intermediate uptrends $SCCO $TECK. Editor’s Note: Base metal stocks and related ETFs responded to higher base metal prices. Exxon Mobil $XOM, a Dow Jones Industrial stock moved below $77.52 extending an intermediate downtrend. Enbridge $ENB.CA, a TSX 60 stock moved below $49.61 extending an intermediate downtrend. More energy breakdowns! Vermillion Energy $VET.CA moved below $38.60 extending an intermediate downtrend. First Canadian gold producer stock to breakout! IAMGold $IMG.CA moved above $7.02 and $7.13. ‘Tis the season for IAMGold $IMG.CA to move higher until the end of September! Another Canadian gold producer stock breaks out! Kinross Gold $K.CA moved above $5.59. ‘Tis the season for Kinross Gold to move higher to the end of September! Editor’s Note: Gold stocks and related ETFs moved higher on both sides of the border. Trader’s Corner Daily Seasonal/Technical Equity Trends for August 16th 2017 Green: Increase from previous day Red: Decrease from previous day Daily Seasonal/Technical Commodities Trends for August 16th 2017 Green: Increase from previous day Red: Decrease from previous day * Excludes adjustment from rollover of futures contracts Daily Seasonal/Technical Sector Trends for August 16th 2017 Green: Increase from previous day Red: Decrease from previous day Keith Richards’ Blog What, Me worry? Following is a link: http://www.valuetrend.ca/what-me-worry-2/ S&P 500 Momentum Barometer The Barometer added 1.40 to 54.80 yesterday. It remains intermediate neutral and trending down. TSX Momentum Barometer The Barometer added 1.25 to 45.42 yesterday. It remains intermediate neutral and trending down. 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