ETFs

Tech Talk for Wednesday August 1st 2018

by Don Vialoux, Timingthemarket.ca

Observations

Dow Jones Transportation Average briefly moved above 11128.35 to reach a six month high. Ditto for its related ETF, IYT!

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Strength in Canadian bank stocks pushed the TSX Financial Services ETF, XFN.TO above $38.22 to a six month high. ‘Tis the season for strength in the sector to November!

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StockTwits Released Yesterday @EquityClock

Technical action by S&P 500 stocks to 10:00: Bullish. Breakouts: $CHD $AMT $AVB $UNM $ETN $JCI $XYL $KLAC. No breakdowns.

Editor’s Note: After 10:00 AM EDT, breakouts included MAA, MAC, BEN, MYL, SWK, FTV, ADM and L. Breakdowns included CME, MCO and IPGP

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Cdn. Pacific $CP.CA $CP, a TSX 60 stock moved above $257.26 Cdn to an all-time high extending an intermediate uptrend.

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Shopify $SHOP $SHOP.CA moved below $140.40 U.S. completing a double top pattern.

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BHP Billiton $BHP moved above $52.17 to a 4 year high extending an intermediate uptrend.

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Industrial SPDRs $XLI moved above $76.51 setting an intermediate uptrend.

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Yamana Gold $YRI.CA $AUY moved above $4.17 Cdn extending an intermediate uptrend.

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Trader’s Corner

Equities and Related ETFs

Daily Seasonal/Technical Equity Trends for July 31st 2018

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Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for July 31st 2018

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Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for July 31st 2018

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Green: Increase from previous day

Red: Decrease from previous day

S&P 500 Momentum Barometer

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The Barometer gained 3.80 to 67.80 yesterday. It remains intermediate overbought

TSX Momentum Barometer

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The Barometer added 2.93 to 53.56 yesterday. It remains intermediate neutral with a downtrend.

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

Copyright © DV Tech Talk, Timingthemarket.ca

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