Tech Talk for Friday February 1st 2019

More technical evidence that the U.S. Home Building Industry has bottomed: Nice breakout by ITB above $33.67 extending a double bottom pattern.

StockTwits Released Yesterday @EquityClock

Technical action by S&P 500 stocks to 10:15: Bullish. Intermediate breakouts: $LEN $SBUX $WYNN $MDLZ $ALGN $MA $CHTR. Breakdowns: $CLX $HSY

After 10:00 AM EST, breakouts included MA, CHTR, DXC, FAST, TGT, EFX, FTNT, DUK, EXC, AVB, LLY, YUM, STZ, CCI, IDXX, EQIX and DHR. Breakdown: HRB.

Base Metals ETN (copper, zinc, aluminum) $DBB moved above $16.32 setting an intermediate uptrend

Base metals equity ETF $XBM.CA moved above $11.99 responding to higher base metal prices completing a double bottom pattern

Chile iShares $ECH moved above $46.44 in response to higher base metal prices extending an intermediate uptrend

Air Canada $AC.CA moved above $29.39 to an all-time high extending an intermediate uptrend.

Another Canadian gold stock breakout! Eldorado Gold $ELD.CA $EGO moved above $4.55 Cdn and $3.43 U.S. setting an uptrend.

Copper equity ETF $COPX moved above $20.56 completing a double bottom pattern. ‘Tis the season for strength in base metal stocks to May!

Trader's Corner

Equity Indices and related ETFs

Daily Seasonal/Technical Equity Trends for January 31st 2019

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for January 31st 2019

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for January 31st 2019

Green: Increase from previous day

Red: Decrease from previous day

S&P 500 Momentum Barometer

The Barometer added another 6.40 to 79.40 yesterday. It remains intermediate overbought, but continues to trend higher.

TSX Momentum Barometer

The Barometer added another 0.84 to 84.81 yesterday. It remains intermediate overbought, but continues to trend higher.

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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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