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!
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!
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
Cdn. Pacific $CP.CA $CP, a TSX 60 stock moved above $257.26 Cdn to an all-time high extending an intermediate uptrend.
Shopify $SHOP $SHOP.CA moved below $140.40 U.S. completing a double top pattern.
BHP Billiton $BHP moved above $52.17 to a 4 year high extending an intermediate uptrend.
Industrial SPDRs $XLI moved above $76.51 setting an intermediate uptrend.
Yamana Gold $YRI.CA $AUY moved above $4.17 Cdn extending an intermediate uptrend.
Trader’s Corner
Equities and Related ETFs
Daily Seasonal/Technical Equity Trends for July 31st 2018
Green: Increase from previous day
Red: Decrease from previous day
Commodities
Daily Seasonal/Technical Commodities Trends for July 31st 2018
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for July 31st 2018
Green: Increase from previous day
Red: Decrease from previous day
S&P 500 Momentum Barometer
The Barometer gained 3.80 to 67.80 yesterday. It remains intermediate overbought
TSX Momentum Barometer
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