Observations “Oily” stocks were notably weaker on both sides of the border following a 3.22% drop in the price of crude oil. Natural gas and “Gassy” stocks moved in the opposite direction. Hotter than average weather, lower than average inventories and approaching hurricane season are having an impact. StockTwits Released Yesterday @EquityClock Russian ETF $RSX moved below $20.87 setting an intermediate downtrend. Technical action by S&P 500 stocks to 10:00: Quietly bullish. Intermediate breakouts: $AET $UNH $ALB. No breakdowns. Editor’s Note: Breakouts after 10:00 AM EDT included NTAP, CNC, CFG and KORS. Breakdowns: OXY, HLT. Saputo $SAP.CA, a TSX 60 stock moved below $41.07 setting an intermediate downtrend. Oil & Gas Exploration SPDRs $XOP moved below $41.38 setting an intermediate downtrend. Responding to lower oil prices. Canadian auto part stocks under pressure prior to tariff negotiations $MRE.CA $LNR.CA $MG.CA Domestic production of Crude #Oil continues to roll over as inventories develop a short-term range. $CL_F $USO $XLE $XOP Trader’s Corner Equities and Related ETFs Daily Seasonal/Technical Equity Trends for August 8th 2018 Green: Increase from previous day Red: Decrease from previous day Commodities Daily Seasonal/Technical Commodities Trends for August 8th 2018 Green: Increase from previous day Red: Decrease from previous day Sectors Daily Seasonal/Technical Sector Trends for August 8th 2018 Green: Increase from previous day Red: Decrease from previous day Jeff Parent from CastleMoore on BNNBloomberg’s Market Call Following are links to yesterday’s show: Top Picks https://www.bnnbloomberg.ca/video/jeff-parent-s-top-picks~1456938 Past Picks https://www.bnnbloomberg.ca/video/jeff-parent-s-past-picks~1456908 Market Outlook https://www.bnnbloomberg.ca/video/jeff-parent-s-market-outlook~1456905 S&P 500 Momentum Barometer The Barometer slipped 2.20 to 69.60 yesterday. It remains intermediate overbought TSX Momentum Barometer The Barometer added 2.08 to 48.75 yesterday. It remains intermediate neutral and continues to trend 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