Tech Talk for Thursday January 11th 2018

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Observation

NAFTA jitters at 2:00 PM EST

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StockTwits Released Yesterday @EquityClock

Technical action by S&P 500 stocks to 10:00: Bearish. Breakouts: $ZION $ISRG. Breakdowns: $ADM $COST $KMB $SLG $PSA $XRAY $CCI $AEE $CMS $ETR.

Editor’s Note: After 10:00 AM EST, breakouts included FITB, FIS, MS, BHF, UNM, PBCT, IPG, SBUX. Breakdowns included DLR, AIZ, AMT, MHK and INTC

Regional Bank ETF $KRE moved above $$61.00 to an all-time high extending an intermediate uptrend.

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Goldcorp $GG $G.CA, a TSX 60 stock moved above US$13.64 extending an intermediate uptrend. ‘Tis the season for strength to end of February!

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Shaw Communications $SJR, a TSX 60 stock moved below US$22.42 completing a double top pattern.

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Toromont Industries $TIH.CA moved below $54.55 extending an intermediate downtrend.

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Higher interest rate! U.S. REIT iShares $IYR breaks another support level at $77.93 extending an intermediate downtrend.

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Ontario minimum tax increase concerns: $QSR.CA, a TSX 60 stock moved below $76.63 extending an intermediate downtrend.

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Starbucks $SBUX, a Dow Jones Industrial stock moved above $60.05 extending an intermediate uptrend.

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Saputo $SAP.CA, a TSX 60 stock moved below $43.05 setting intermediate downtrend.

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Intel $INTC, a Dow Jones Industrial stock moved below $42.67 completing a double top pattern.

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Rogers Communications $RCI, a TSX 60 stock moved below US$49.70 extending an intermediate downtrend.

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Trader’s Corner

Daily Seasonal/Technical Equity Trends for January 10th 2018

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Green: Increase from previous day

Red: Decrease from previous day

 

Daily Seasonal/Technical Commodities Trends for January 10th 2018

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Green: Increase from previous day

Red: Decrease from previous day

* Excludes adjustment from rollover of futures contracts

 

Daily Seasonal/Technical Sector Trends for January 10th 2018

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Green: Increase from previous day

Red: Decrease from previous day

 

Keith Richards’ Blogs

The factors to consider before buying European stock ETF’s: http://www.valuetrend.ca/investing-europe-not-straight-forward-youd-think/

Canadian technology stocks: http://www.valuetrend.ca/canadian-technology-buy/

 

S&P 500 Momentum Barometer

S&P 500 Momentum Barometer dropped 3.80 to 79.20 yesterday. It remains intermediate overbought and showing early signs of rolling over.

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TSX Momentum Barometer

TSX Momentum Barometer dropped another 2.07 to 55.19 yesterday. It remains intermediate overbought and trending down.

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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

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One Response to “Tech Talk for Thursday January 11th 2018”

  1. Sandra Says:

    Muntazir:

    You are very welcome. I called at night so did not have to wait for my 10 free trades.

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