Tech Talk for Thursday June 27th 2019

June 27, 2019 / www.timingthemarket.ca / Article Link

US Durable Goods Orders down 0.2% (NSA) in May, negatively diverging from the 2.9% average increase for this time of year. $MACRO #Economy #Manufacturing

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BlackBerry $BB.CA $BB, a TSX 60 stock moved below $10.37 and $7.70 U.S. on lower than consensus first quarter revenues extending an intermediate downtrend

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Technical action by S&P 500 stocks to 10:00: Bearish. No intermediate breakouts. Breakdowns: $MKC $SJM $PAYX $ARE $ROL $ALGN, $BXP

Editor's Note: After 10:00 AM EDT, intermediate breakouts included DO and FMC. Breakdowns included SPG, FRT and BMY

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Trader's Corner

 

Equity Indices and related ETFs

Daily Seasonal/Technical Equity Trends for June 26th 2019

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Green: Increase from previous day

Red: Decrease from previous day

 

Commodities

Daily Seasonal/Technical Commodities Trends for June 26th 2019

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Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for June 26th 2019

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Green: Increase from previous day

Red: Decrease from previous day

 

S&P 500 Momentum Barometer

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The Barometer slipped another 0.40 to 62.20 yesterday. It remains intermediate overbought and rolling over.

 

TSX Momentum Barometer

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The Barometer dropped another 2.54 to 56.78 yesterday. It remains intermediate neutral and rolling over.

 

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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