StockTwits released yesterday @EquityClock Broadly based U.S. equity indices break below their 20 day moving average: $SPX $INDU $COMPQ $TRAN $RUT VIX Index spikes above 18.33 to a 3 month high. $VIX Technical action by S&P 500 stocks to 10:00: Bearish. No intermediate breakouts. Breakdowns: $HAL $MYL $REGN $IT $KLAC Editor’s Note: After 10:00 AM EDT, no intermediate breakouts. Breakdowns included: VLO, BA, RL, PVH, MGM, XEC, AMT, AA, AZO and IBM India ETF $PIN moved below $24.87 completing a double top pattern. Air Canada $AC.CA moved above $33.50 to all-time high on higher than consensus earnings extending an intermediate uptrend IAMGold $IMG.CA moved below $3.70 extending an intermediate downtrend. Boeing $BA, a Dow Jones Industrial stock moved below $362.92 on a downgrade by Barclays extending an intermediate downtrend. Brazil iShares $EWZ moved below $39.20 extending an intermediate downtrend. Nickel ETN $JJNTF moved below $14.44 completing a double top pattern. TSX Energy iShares $XEG.CA moved below support at $9.70. Italy iShares $XLI moved below $27.47 completing a double top pattern. US Job Openings showing the weakest first quarter change since the last recession, up a mere 6.1%. $MACRO #Economy #Employment Precision Drilling $PD.CA $PDS moved below $2.90 Cdn and $2.21 U.S. setting an intermediate downtrend Loblaw Companies $L.CA, a TSX 60 stock moved above $67.44 to an all-time high extending an intermediate uptrend China Large Cap iShares $FXI moved below $42.51 setting an intermediate downtrend. Another Canadian. autoparts stock breakdown! Linamar $LNR.CA moved below $46.56 setting an intermediate downtrend. Constellation Software $CSU.CA, a TSX 60 stock moved below $1,135.00 completing a double top pattern Trader’s Corner Equity Indices and related ETFs Daily Seasonal/Technical Equity Trends for May 7th 2019 Green: Increase from previous day Red: Decrease from previous day Commodities Daily Seasonal/Technical Commodities Trends for May 7th 2019 Green: Increase from previous day Red: Decrease from previous day Sectors Daily Seasonal/Technical Sector Trends for May 7th 2019 Green: Increase from previous day Red: Decrease from previous day Keith Richard’s Blog Keith asks, “China end game or just a correction”? See: https://www.valuetrend.ca/china-end-game-or-just-a-correction/ S&P 500 Momentum Barometer The Barometer plunged 16.20 to 53.60 yesterday. It changed from intermediate overbought to intermediate neutral, but is trending down. TSX Momentum Barometer The Barometer added 1.50 to 47.03 yesterday. It remains intermediate neutral 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