Tech Talk for Friday June 29th 2018

Join us tomorrow (Saturday) on Radio CKNW at 9:00 AM EDT Vancouver time (Noon Toronto Time) at

https://globalnews.ca/radio/cknw/player/?gref=cknw&cmpid=subnav-radio#/

StockTwits Released Yesterday @EquityClock

Tech action by S&P stocks to 10:00: Bearish. Breakouts: $MKC $ACN. Breakdowns: $WBA $CAH $CI $MCK $VAR $FDX $KSU $TEL $TSS $EMN $URI $A $BLK

More S&P 500 stocks break intermediate support after 10:00: $CMG $PHM $L $STI $ITW $IPGP.

Walgreen $WBA, a Dow Jones Industrial stock moved below $61.19 extending an intermediate downtrend.

BlackBerry $BB.CA $BB, a TSX 60 stock moved below $12.85 extending an intermediate downtrend.

Extendicare $EXE.CA moved below $7.27 extending an intermediate downtrend.

Financials SPDRs $XLF moved below $26.35 extending an intermediate downtrend.

BMO Base Metals ETF $ZMT.CA moved below $10.93 completing a Head & Shoulders pattern.

Birchcliffe Energy $BIR.CA, a "gassy" stock moved above $4.89 extending an intermediate uptrend.

Enbridge $ENB.CA, a TSX 60 stock completed a Reverse Head & Shoulders pattern on a move above $42.88.

Trader's Corner

Daily Seasonal/Technical Equity Trends for June 28th 2018

Green: Increase from previous day

Red: Decrease from previous day

Daily Seasonal/Technical Commodities Trends for June 28th 2018

Green: Increase from previous day

Red: Decrease from previous day

Daily Seasonal/Technical Sector Trends for June 28th 2018

Green: Increase from previous day

Red: Decrease from previous day

Josef Schachter's Energy Report

Canada's top energy analyst, Josef Schachter just released his June newsletter. He remains neutral for value and negative for sentiment and technicals. Services by subscription are available at

https://www.schachterenergyreport.ca/

S&P 500 Momentum Barometer

The Barometer added 3.80 to 52.60 yesterday. It remains intermediate neutral and trending down.

TSX Momentum Barometer

The Barometer dropped another 2.31 to 58.02 yesterday. It changed to intermediate neutral from intermediate overbought, but continues to trend down.

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

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