The Russell 2000 Index moved below support at1460.49 setting an intermediate downtrend.
The Dow Jones Transportation Average moved below support at 9715.20 setting an intermediate downtrend.
StockTwits released yesterday @EquityClock
U.S. Telecommunications iShares $IYZ moved below $27.80 completing a double top pattern.
US #Retail Trade up 3.0% (NSA) in July, much stronger than the unchanged result that is average for this time of year. $MACRO #Economy
US Industrial Production down 1.8% (NSA) in July, better than the 2.7% decline that is average for the month. $MACRO #Economy #Manufacturing
Philadelphia Manufacturing Business Outlook Survey coming in at +11.5 (NSA) in August, slightly stronger than the +10.8 average level for this time of year. $MACRO #Economy #Manufacturing
Canadian Tire $CTC.A.CA, a TSX 60 stock moved below $132.61 extending an intermediate downtrend.
Trader's Corner
Short term momentum notably turned down for a wide variety of indices, commodities and sectors.
Equity Indices and related ETFs
Daily Seasonal/Technical Equity Trends for August 15th 2019
Green: Increase from previous day
Red: Decrease from previous day
Commodities
Daily Seasonal/Technical Commodities Trends for August 15th 2019
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for August 15th 2019
Green: Increase from previous day
Red: Decrease from previous day
S&P 500 Momentum Barometer
The Barometer added 3.41 to 30.26 yesterday. It remains intermediate oversold and trending down.
TSX Momentum Barometer
The Barometer added 0.26 to 39.22 yesterday. It remains intermediate oversold and trending 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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