Observations The U.S. Dollar Index and its related ETN dropped sharply following release of the Federal Reserve’s statement at 2:00 PM EDT. Good for commodities and commodity stocks, bad for bank stocks! StockTwits released yesterday @EquityClock Technical action by S&P 500 stocks to 10:15: Quiet. No intermediate breakouts. Breakdown: $BXP Editor’s Note: After 10:15 AM EDT (mainly after 2:00 PM EDT), short term breakdowns included a wide variety of bank stocks as well as BWA and DIS. Breakouts included NFLX, MDLZ, HES and OXY. Days of supply of oil showing signs of a much earlier than average peak, bullish for the seasonal trade in the energy sector. $XLE $XOP $OIH Fed statement prompted strength in commodity prices. $GSG Editor’s Note: Base metal prices and related ETN (Copper, zinc, aluminum) were notably stronger Energy stocks $XOP leading the commodity stock advance. Move above $31.29 completes a base building pattern Ditto for "gassy" stocks! $FCG completed a base building pattern on a move above $17.70. Emerging Markets iShares $EEM moved above $43.73 extending an intermediate uptrend. Responding to U.S. Dollar weakness Russia ETF $RSX moved above $21.40 extending an intermediate uptrend. Responding to U.S. Dollar weakness/crude oil price strength. Canadian energy stocks also strengthen. Cenovus $CVE.CA moved above $12.20 extending an intermediate uptrend. U.S. banks under pressure following Fed news and flattening of the yield curve. $KRE $KBE $XLF . Editor’s Note: The drop in yield on long term Treasuries and higher commodity prices caused TIPs (inflation protected securities) to soar Trader’s Corner. Equity Indices and related ETFs Daily Seasonal/Technical Equity Trends for March 20th 2019 Green: Increase from previous day Red: Decrease from previous day Commodities Daily Seasonal/Technical Commodities Trends for March 20th 2019 Green: Increase from previous day Red: Decrease from previous day Sectors Daily Seasonal/Technical Sector Trends for March 20th 2019 Green: Increase from previous day Red: Decrease from previous day http://www.equityclock.com/about/seasonal-advantage-portfolio/ S&P 500 Momentum Barometer The Barometer dropped 7.15 to 77.20 yesterday. It remains intermediate overbought and trending down. TSX Momentum Barometer The Barometer dropped 1.68 to 69.75 yesterday. It remains intermediate overbought and trending down. 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