Reminder North American and many international equity markets are closed tomorrow in honour of Good Friday. Observations Nice reverse Head & Shoulders pattern completed by the Auto ETF on a move above $34.92! Nice breakout by the Fertilizer/Potash ETF above $9.72 setting an intermediate uptrend. StockTwits released yesterday @EquityClock Technical action by S&P 500 stocks to 10:00: Mixed. Intermediate breakouts: $PVH $RL $FANG $CBOE $CAT $CTAS $LMT $TXT $UNP $GOOGL $GOOG $ICE Technical action by S&P 500 stocks to 10:00: Mixed. Intermediate breakdowns: $BK $BDX $PFE $ZBH $VZ $D $VTR $MNK $VRTX Editor’s Note: After 10:00 AM EDT, breakout included NKE. Breakdowns included UDR, VNO, ALXN, ISRG, LH, WAT, NKTR and IP. Caterpillar $CAT, a Dow Jones Industrial stock moved above $142.55 extending an intermediate uptrend. Alphabet $GOOGL $GOOG, one of the FAANG stocks moved above $1236.44 and $1231.79 respectively extending an intermediate uptrend. Verizon $VZ, a Dow Jones Industrial stock moved below $57.73 setting an intermediate downtrend Editor’s Note: U.S. Healthcare stocks had a rough day on higher than average volume! See the following charts: Pfizer $PFE, a Dow Jones Industrial stock moved below $40.34 setting an intermediate downtrend. Biotech ETFs $IBB $BBH $FBT moved below support completing a double top pattern. U.S. Medical Devices ETF $IHI moved below $219.89 setting an intermediate downtrend. U.S. Healthcare Providers $IHF moved below $155.90 extending an intermediate downtrend. Individual breakdowns: $ISRG $LH. Aerospace & Defense ETF $PPA moved above $59.95 extending an intermediate uptrend. Another base metal stock breakout! First Quantum Minerals $FM.CA moved above $36.37 extending an intermediate uptrend. Editor’s Note: A breakout by copper above $2.97 helped First Quantum as well as other base metal stocks/ETFs XBM.TO ZMT.TO COPX South Africa iShares $EZA moved above $57.81 extending an intermediate uptrend Aecon $ARE.CA moved below $16.90 extending an intermediate downtrend. Bank of Montreal $BMO.CA, a TSX 60 stock moved above $104.60 extending an intermediate uptrend. Canada #CPI up 0.7% in March, firmly above the average change for the month of 0.5%. $MACRO #CDNecon #CAD Norbord $OSB.CA moved below $32.87 extending an intermediate downtrend. NASDAQ 100 Index $NDX moved above 7700.56 to an all-time high extending an intermediate uptrend. Ditto for $QQQ on a move above $186.66 Agnico Eagle Gold $AEM $AEM.CA moved below $41.47 U.S. setting an intermediate downtrend. Vermillion $VET.CA moved above $35.79 extending an intermediate uptrend. Editor’s Note: Canadian energy stocks moved higher following election of the United Conservative party in Alberta with a favourable energy agenda. Franco-Nevada $FNV $FNV.CA, a TSX 60 stock moved below $70.95 U.S. and $94.64 Cdn setting an intermediate downtrend. Nike $NKE, a Dow Jones Industrial stock moved above $88.59 to an all-time high extending an intermediate uptrend. Crude Oil imports negatively diverging from its seasonal average trend as US becomes less dependent on foreign energy. $USO $UGA $XLE $XOP Trader’s Corner Equity Indices and related ETFs Daily Seasonal/Technical Equity Trends for April 17th 2019 Green: Increase from previous day Red: Decrease from previous day Commodities Daily Seasonal/Technical Commodities Trends for April 17th 2019 Green: Increase from previous day Red: Decrease from previous day Sectors Daily Seasonal/Technical Sector Trends for April 17th 2019 Green: Increase from previous day Red: Decrease from previous day S&P 500 Momentum Barometer The Barometer dropped 7.15 to 70.40 yesterday. It remains intermediate overbought and has rolled over. TSX Momentum Barometer The Barometer dropped another 1.39 to 61.57 yesterday. It remains intermediate overbought and is 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