Observations Concerns about North Korea continued to roil equity markets around the world yesterday: The VIX Index soared. Ditto for gold and gold equities! The S&P 500 Index and NASDAQ Composite Index dropped below their 20 and 50 day moving averages. The Russell 2000 Index already has dropped 5.5% from its high two weeks ago. International equity markets also responded, notably the Nikkei Average StockTwits Released Yesterday @EquityClock More gold and silver stocks completing short term base building patterns $PAAS $YRI.CA South Korea iShares $EWY moved below support at $66.54. Keyera $KEY.CA moved below $37.05 extending an intermediate downtrend. Technical action by S&P 500 stocks to 10:00: Bearish. Breakout: $PRGO. Breakdowns: $JWN, $TIF $WYN $A $PNR $SRCL $SWK Editor’s Note: After 10:00 AM EDT, one breakout: NRG. Breakdowns included ORCL, CELG, RHI, WRK, M, CBG, CMA, HBAN, CFG, LUV, SIG, BLL, ALK, STX, BK, JNPR and LUV. NASDAQ Biotech iShares $IBB moved below $308.49 completing a double top pattern. Grain ETN $JJG moved below $26.81 extending an intermediate downtrend. Editor’s Note: CORN led the drop. Healthcare SPDRs $XLV moved below $78.58 completing a double top pattern. Another Biotech ETF $FBT moved below support completing a double top pattern. Editor’s Note: Add $BBH to the list Trader’s Corner Short and medium term technical indicators for a wide variety of equity markets and related ETFs recorded significant weakness. Daily Seasonal/Technical Equity Trends for August 10th 2017 Green: Increase from previous day Red: Decrease from previous day Daily Seasonal/Technical Commodities Trends for August 10th 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 10th 2017 Green: Increase from previous day Red: Decrease from previous day S&P 500 Momentum Barometer The Barometer plunged 12.63 to 44.69 yesterday. It has dropped to a neutral level, but has yet to show signs of stopping its downtrend. TSX Momentum Barometer The Barometer dropped 4.60 to 41.00 yesterday. It remains in a neutral level and continues to trend 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