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Tech Talk for Wednesday June 19th 2019

 

StockTwits released yesterday @EquityClock

US #Housing Starts up 0.7% (NSA) in May, weaker than the 4.5% average increase for this time of year. $MACRO #Economy

Home Builders ETF $XHB moved above $41.58 extending an intermediate uptrend.

Gold Miners ETF $GDX moved above $23.70 extending an intermediate uptrend.

Constellation Software $CSU.CA, a TSX 60 stock moved above $1226.06 to an all-time high extending an intermediate uptrend.

Technical action by S&P 500 stocks to 10:00: Bullish. Intermediate breakouts: $GILD $FRT $SLG $VRTX $FLR. No breakdowns.

Editor’s Note: After 10:00 AM EDT, intermediate breakout: BA, intermediate breakdown: SLG.

Canada #Manufacturing Sales down 3.7% (NSA) in April, better than the 5.2% decline that is average for the spring month. $MACRO #Economy

Agriculture ETF $MOO moved above $64.75 extending an intermediate uptrend.

Toronto Dominion Bank $TD.CA, a TSX 60 stock moved above $76.73 extending an intermediate uptrend.

Laurentian Bank $LB.CA moved above $45.50 completing a long term reverse Head & Shoulders pattern.

 

Trader’s Corner

 

Equity Indices and related ETFs

Daily Seasonal/Technical Equity Trends for June 18th 2019

Green: Increase from previous day

Red: Decrease from previous day

 

Commodities

Daily Seasonal/Technical Commodities Trends for June 18th 2019

Green: Increase from previous day

Red: Decrease from previous day

 

Sectors

Daily Seasonal/Technical Sector Trends for June 18th 2019

Green: Increase from previous day

Red: Decrease from previous day

 

S&P 500 Momentum Barometer

The Barometer added 7.82 to 64.13 yesterday. It changed to intermediate overbought from intermediate neutral on a move above 60.

 

TSX Momentum Barometer

The Barometer added 2.55 to 54.04 yesterday. It remains intermediate neutral.

 

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

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