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
Ditto for the Dow!
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.
Health Care Providers ETF $IHF moved above $137.70 to a 2 year high extending an intermediate uptrend.
‘Tis the season for strength in Health Care Providers $IHF to move higher to mid-June.
Industrial SPDRs $XLI moved above $66.89 to an all-time high extending an intermediate uptrend.
Procter & Gamble $PG, a Dow Jones Industrial stock moved below $88.08 completing a modified Head & Shoulders pattern.
S&P 500 SPDRs $SPY touched above $239.28 to an all-time high extending an intermediate uptrend.
S&P Equal Weight ETF $RSP moved above $92.18 to an all-time high extending an intermediate uptrend.
Celestica $CLS.CA moved above $19.89 to an 11 year high extending an intermediate uptrend.
Extendicare $EXE.CA moved below $9.93 completing a modified Head & Shoulders pattern.
Trader’s Corner
Daily Seasonal/Technical Equity Trends for April 26th 2017
Green: Increase from previous day
Red: Decrease from previous day
Daily Seasonal/Technical Commodities Trends for April 26th 2017
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
Green: Increase from previous day
Red: Decrease from previous day
S&P 500 Momentum Barometer
The Barometer added 0.20 to 62.40 yesterday. It remains intermediate overbought.
TSX Momentum Barometer
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:
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