Tech Talk for Wednesday July 4th 2018

Technical action by S&P 500 stocks to 10:00: Quietly bullish. Three utility stocks broke out. None broke down.

TSX Gold Index and its related ETF $XGD.CA moved above 193.52 and 194.28 extending an intermediate uptrend.

Barrick Gold $ABX.CA $ABX, a TSX 60 stock moved above $17.68 Cdn. extending an intermediate uptrend.

Wheaton Precious Metals $WPM $WPM.CA, a TSX 60 stock moved above $22.34 and $22.53 U.S. extending an intermediate uptrend.

Franco-Nevada $FNV.CA $FNV, a TSX 60 stock moved above $96.61 Cdn. extending an intermediate uptrend.

Agnico-Eagle $AEM.CA $AEM, a TSX 60 stock moved above $61.03 and $60.96 extending an intermediate uptrend.

First Majestic Silver $AG $FR.CA moved above $7.84 and $7.97 U.S. extending an intermediate uptrend

Vermillion Energy $VET.CA moved above $47.87 extending an intermediate uptrend.

Gildan Activewear $GIL.CA, a TSX 60 stock moved below $36.23 and $36.19 extending an intermediate downtrend.

U.S. Factory Orders up 4.6% (NSA) in May, firmly above 3.0% average increase for the month. $MACRO, #Economy #Manufacturing

Trader's Corner

Daily Seasonal/Technical Equity Trends for July 3rd 2018

Green: Increase from previous day

Red: Decrease from previous day

Daily Seasonal/Technical Commodities Trends for July 3rd 2018

Green: Increase from previous day

Red: Decrease from previous day

Daily Seasonal/Technical Sector Trends for July 3rd 2018

Green: Increase from previous day

Red: Decrease from previous day

S&P 500 Momentum Barometer

The Barometer was unchanged yesterday at 53.40. It remains intermediate neutral.

TSX Momentum Barometer

The Barometer gained 4.96 to 66.12 yesterday thanks mainly to strength in gold stocks. 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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