Tech Talk for Friday January 11th 2019

Jan 11 07:01 2019 Print This Article

 

Observations

Encouraging technical action in China sensitive ETFs! Nice breakout by $EWH above $22.53 completing a reverse Head & Shoulders pattern.

 

StockTwits Released Yesterday @EquityClock

Technical action by S&P 500 stocks to 10:00: Quiet. No intermediate breakouts. Breakdown: $EL

After 10:00 AM EST, intermediate breakouts included BBBY, MGM and EBAY

Cogeco Cable $CCA.CA moved above $67.96 completing a base building pattern.

Chile iShares $ECH moved above $44.28 completing a double bottom pattern. Highly correlated with copper stocks!

eBay $EBAY moved above $30.36 completing a double bottom pattern.

‘Tis the season for eBay $EBAY to move higher to the end of April!

CGI Group $GIB $GIB.A.CA, a TSX 60 stock moved above $64.90 U.S. extending an intermediate uptrend.

Editor’s Note: CGI Group was selected yesterday on BNNBloomberg’s Market Call by Hap Sneddon of CastleMoore as a Top Pick

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Timing the Market

Tech Talk is a free stock market letter service offering free daily reports on equity markets, sectors, commodities and exchangetraded funds. The Web site has recently received an average of 1.6 million hits per month from 130 countries.

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