Tech Talk for Friday April 26th 2019

Following is a link:

http://www.equityclock.com/2019/04/25/stock-market-outlook-for-april-26-2019/

Note seasonality chart on Durable Goods Orders

Observation

Technicals on China deteriorated. Shanghai Composite broke below its 20 day moving average, short term momentum indicators turned lower and strength relative to the S&P 500 Index turned negative. Related North American equities (Materials, Energy, Industrials) responded by moving lower.

StockTwits released yesterday @EquityClock

Technical action by S&P 500 stocks to 10:00: Quietly bearish. No intermediate breakouts. Breakdowns: $PSX $MMM $IRM

Cameco $CCO.CA $CCJ, a TSX 60 stock moved below $15.10 Cdn and $11.29 U.S. setting an intermediate downtrend

Bombardier $BBD.B.CA, a TSX 60 stock moved below $2.55 completing a double top pattern.

SNC Lavalin $SNC.CA moved below $33.21 extending an intermediate downtrend

Canfor $CFP.CA moved below $12.91 extending an intermediate downtrend.

Celestica $CLS.CA moved below $11.09 and $9.86 on less than consensus results.

Methanex $MX.CA moved below $73.88 setting an intermediate downtrend.

Trader's Corner

Equity Indices and related ETFs

Daily Seasonal/Technical Equity Trends for April 25th 2019

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for April 25th 2019

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for April 25th 2019

Green: Increase from previous day

Red: Decrease from previous day

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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