Tech Talk for Thursday May 31st 2018

Laurentian Bank $LB.CA moved below $46.94 extending an intermediate downtrend.

Technical action by S&P 500 stocks to 10:00: Quiet. Intermediate breakouts: $HRL $BIIB. Breakdown: $KORS

Editor's Note: After 10:00 AM EDT, intermediate breakouts included AMD, CHD, DGX, EQR, EXC, EXPE, NEE PGR and VTR

NASDAQ Biotech ETF $IBB moved above $108.07 completing a double bottom pattern. Typical strength prior to the annual ASCO conference June 1-5.

U.S. REIT ETF $IYR moved above $78.26 extending an intermediate uptrend.

Trader's Corner

Daily Seasonal/Technical Equity Trends for May 30th 2018

Green: Increase from previous day

Red: Decrease from previous day

Daily Seasonal/Technical Commodities Trends for May 30th 2018

Green: Increase from previous day

Red: Decrease from previous day

Daily Seasonal/Technical Sector Trends for May 30th 2018

Green: Increase from previous day

Red: Decrease from previous day

S&P 500 Momentum Barometer

Barometer added 10.20 to 62.80 yesterday. It returned to an intermediate overbought level.

TSX Momentum Barometer

Barometer gained 6.22 to 72.20 yesterday. It remains intermediate overbought.

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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