Tech Talk for Tuesday September 26th 2017

Sep 26 06:09 2017 Print This Article

 

Observations

Russell 2000 Index reaches an all-time high.

Energy stocks on both sides of the border, led by oil service stocks were the strongest sector.

A move by WTI Crude Oil above $52.00 per barrel also helped the sector.

S&P Technology Index led the U.S. equity market on the downside, breaking both its 20 and 50 day moving averages.

OOOPS! Danger! Danger! Danger!

 

StockTwits Released Yesterday @EquityClock

Technical action by S&P 500 stocks to 10:00: Bullish. Breakouts: $GPC, $MRO $NFX $SLB $HPE $TWX. Breakdowns: $LY $MDT $EA

Editor’s Note: After 10:00 AM EDT, breakouts included GT, CMG, HD, AMG and JCI. Breakdowns included FB, YUM, ADSK, AMZN and ADBE

Energy stocks and ETF dominated breakouts: $MRO $NFX $SLB $XOP

Commerce Bank $CM.CA moved above $109.60 completing a double bottom pattern.

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About Article Author

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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