by Don Vialoux, Timingthemarket.ca
Observations
Canadian financial services jitters were triggered by the Home Capital debacle. The S&P/TSX Financial Index moved below 282.72 extending an intermediate downtrend.
StockTwits Released Yesterday @EquityClock
Ratio of Discretionary to Staples back to upper limit of recent trading range.
Technical action by S&P 500 stocks to Noon: Mixed. 10 stocks broke intermediate resistance. 11 stocks broke intermediate support.
Editor’ s Note: After Noon, breakouts included ZTS, UPS and HRS. Breakdowns included IPG, ORLY and CME
General Electric $GE, a Dow Jones Industrial stock moved below $29.03 extending an intermediate an intermediate downtrend.
BMO Equal Weight Bank ETF ZEB.CA moved below $27.08 extending an intermediate downtrend.
Cdn. bank stocks breaking support set downtrends: $RY.CA $BNS.CA $BMO.CA
S&P/TSX Energy Index moved below $192.69 extending downtrend $XEG.CA
More Cdn. energy stocks breaking support extending downtrend: $ERF.CA $VET.CA
Gasoline ETN $UGA moved below $25.25 extending an intermediate downtrend.
Saputo $SAP.CA moved below $43.90 completing a Head & Shoulders pattern.
Toromont $TIH.CA moved above $48.66 to an all-time high extending an intermediate uptrend.
BHP Billiton $BHP moved below $35.18 completing a Head & Shoulders pattern.
Thomson Reuters $TRI.CA, a TSX 60 stock moved above $59.15 setting new intermediate uptrend.
Palladium ETN $PALL moved above $78.14 extending an intermediate uptrend.
Cascades $CAS.CA moved above $16.08 to an all-time high extending an intermediate uptrend.
Trader’s Corner
Daily Seasonal/Technical Equity Trends for April 27th 2017
Green: Increase from previous day
Red: Decrease from previous day
Daily Seasonal/Technical Commodities Trends for April 27th 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 27th 2017
Green: Increase from previous day
Red: Decrease from previous day
Keith Richards’ Blog
Will the gap be filled? See http://www.valuetrend.ca/candlestick-readings/
CSTA Events
Toronto North Chapter meeting
Time: 10:00 AM EDT April 29th
Location: 5700 Yonge Street, Ground floor
KWGC meeting
Time: 7:30 Thursday May 4th
Location: 4355 King St. E, Kitchener
Topic: High Volume Strategies
Everyone is welcome
Registration: www.csta.org
S&P 500 Momentum Barometer
The Barometer added 0.40 to 62.80 yesterday. It remains intermediate overbought
TSX Momentum Barometer
The Barometer plunged 6.00 to 51.44 yesterday. It remains slightly overbought and trending down.
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