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Tech Talk for Thursday October 19th 2017

 

StockTwits Released Yesterday

Canadian Pacific $CP.CA, a TSX 60 stock moved above $218.19 extending an intermediate uptrend.

Techs by S&P 500 stocks to 10:00: Bullish. Breakouts: $BWA $EXPE $AIZ $ANTM $CSX $IBM $IRM. Breakdowns: $COTY $EA

Editor’s Note: After 10:00 AM EDT, breakouts included MHK, FOXA, BDX and IVZ. No breakdowns.

Valeant Pharma $VRX.CA, a TSX 60 stock moved below $15.83 extending an intermediate downtrend.

CGI Group $GIB, a TSX 60 stock moved above US$53.65 to all-time high extending an intermediate uptrend.

‘Tis the season for CGI Group $GIB to move higher to late January!

Encana $ECA.CA, a TSX 60 stock moved above $14.97 extending an intermediate uptrend.

Norbord $OSB.CA moved below $46.88 completing a double top pattern.

 

Trader’s Corner

Daily Seasonal/Technical Equity Trends for October 18th 2017

Green: Increase from previous day

Red: Decrease from previous day

 

Daily Seasonal/Technical Commodities Trends for October 18th 2017

Green: Increase from previous day

Red: Decrease from previous day

* Excludes adjustment from rollover of futures contracts

Daily Seasonal/Technical Sector Trends for October 18th 2017

Green: Increase from previous day

Red: Decrease from previous day

 

S&P 500 Momentum Barometer

The Barometer added 0.20 to 75.80 yesterday. It remains intermediate overbought.

 

TSX Momentum Barometer

The Barometer dropped another 2.88 to 69.14 yesterday. It remains intermediate overbought and showing increasing evidence of start of a short term downtrend.

 

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

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