Tech Talk for Thursday November 8th 2018

Nov 08 07:11 2018 Print This Article

 

StockTwits released yesterday@EquityClock

Technical action by S&P 500 stocks to 10:00: Bullish. Intermediate breakouts: $CVS $DVA $UHS $HUM $JNJ $UNH $ADP $V $PCG. No breakdowns.

Editor’s Note: After 10:00 AM EST, breakouts included AIV, UAL, INTU, JNPR, MMC, MSFT, SNPS, ECL, HCA, AJG and PEP. No breakdowns.

Breakouts this morning were notable in the Healthcare sector: $CVS $DVA $UHS $HUM $UNH $XLV

Johnson & Johnson $JNJ, a Dow Jones Industrial stock moved above $43.13 extending an intermediate uptrend.

Home Capital $HCG.CA moved above $15.41 and $15.95 setting an intermediate uptrend.

India ETF $PIN moved above $23.07 completing a double bottom pattern.

Encouraging technical action by Visa $V, a Dow Jones Industrial stock. Seasonal influences are positive to the first week in January.

Encouraging technical action in $ADP. Seasonal influences are positive to year end.

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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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