ETFs

Tech Talk for Thursday April 27th 2017

by Don Vialoux, Timingthemarket.ca

Observations

The S&P 500 Index took a run at its all-time inter-day high at 2,400.98 prior to news of tax reforms, but came under short term profit taking pressures shortly after the announcement at 1:30 PM EDT

clip_image001

Ditto for the Dow!

clip_image002

StockTwits Released Yesterday @EquityClock

NASDAQ Composite closes above 6,000, just 3% away from calculated upside target.

Techs for S&P 500 stocks to 10:00: Bullish. Breakouts: $WYNN $EW $TMO, $GD $TEL $TSS $TXN $WRK $AET $HUM $PRGO. Breakdowns: $DPS $CHRW $FLIR $KIM $STX

Editor’s Note: After 10:00 AM EDT, breakouts included DLTR, HRB, JNPR, MAR, TRIP, HIG, PVH and NUE. Breakdowns included HSY, K, BXP, VNO, GGP, KIM and MAC

Texas Instruments $TXN, a NASDAQ 100 stock moved above $2.44 to an all-time high extending an intermediate uptrend.

clip_image003

Health Care Providers ETF $IHF moved above $137.70 to a 2 year high extending an intermediate uptrend.

clip_image004

‘Tis the season for strength in Health Care Providers $IHF to move higher to mid-June.

clip_image006

Industrial SPDRs $XLI moved above $66.89 to an all-time high extending an intermediate uptrend.

clip_image007

Procter & Gamble $PG, a Dow Jones Industrial stock moved below $88.08 completing a modified Head & Shoulders pattern.

clip_image008

S&P 500 SPDRs $SPY touched above $239.28 to an all-time high extending an intermediate uptrend.

clip_image009

S&P Equal Weight ETF $RSP moved above $92.18 to an all-time high extending an intermediate uptrend.

clip_image010

Celestica $CLS.CA moved above $19.89 to an 11 year high extending an intermediate uptrend.

clip_image011

Extendicare $EXE.CA moved below $9.93 completing a modified Head & Shoulders pattern.

clip_image012

Trader’s Corner

Daily Seasonal/Technical Equity Trends for April 26th 2017

clip_image014

Green: Increase from previous day

Red: Decrease from previous day

Daily Seasonal/Technical Commodities Trends for April 26th 2017

clip_image016

Green: Increase from previous day

Red: Decrease from previous day

* Excludes adjustment from rollover of futures contracts

Daily Seasonal/Technical Sector Trends for April 26th 2017

clip_image018

Green: Increase from previous day

Red: Decrease from previous day

S&P 500 Momentum Barometer

clip_image019

The Barometer added 0.20 to 62.40 yesterday. It remains intermediate overbought.

TSX Momentum Barometer

clip_image020

The Barometer slipped 2.23 to 57.44 yesterday. It remains intermediate overbought and trending down.

ETFInsights by Yves Rebetez

Following is a link to the site:

http://www.etfinsight.ca/

Articles this week include:

Vanguard Group – Equity factor-based investing: A practitioner’s guide

Link: http://www.etfinsight.ca/?p=33284

Mateos y Lago: The market implications of the French vote

Link: http://www.etfinsight.ca/?p=33282

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

Copyright © DV Tech Talk, Timingthemarket.ca

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Trending now

To Top
Subscribe to ETFInsider notifications
Watch. Listen. Read. Raise your average.