Tech Talk for Tuesday September 26th 2017

Sep 26 06:09 2017 Print This Article



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.

Read More

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.

Related Items

An opportunity to reinvent our food system and unlock human capital too

A woman sorts seaweed after harvesting it in Rote, Indonesia. © Robert Jones What if we had the chance to reinvent the world’s food system and make local, more sustainable, nourishing and diverse food the new norm rather than the exception?    It might seem far-fetched, but with 9 billion p ...

Friday’s COT Report: A WTF Moment For the Ages? - Ed Steer

December 14, 2017 YESTERDAY in GOLD, SILVER, PLATINUM and PALLADIUM The gold price was up a dollar or so in Far East trading on their Friday, but was turned lower once London opened. That tiny downturn lasted until at, or shortly after, the 10:30 a.m. GMT morning gold fix in London — and the pri ...

Whitecap Resources Inc. Announces Closing of Previously Announced Acquisition, Issuance of Senior Notes and Confirms Monthly Dividend for December

CALGARY, Dec. 14, 2017 /CNW/ – Whitecap Resources Inc. (“Whitecap” or the “Company”) (TSX: WCP) is pleased to announce that it has now closed its previously announced acquisition of high quality light oil assets in southeast Saskatchewan, which includes current production of approximately ...

Q4 2017 Bank Earnings – Mortgage Morsels

It was a good year for Canada’s Big 6 banks, which earned a combined $42 billion for fiscal year 2017. As with the rest of the mortgage industry, there was a fair amount of attention this quarter given to the incoming B-20 regulations that take effect January 1, 2018. Overall the big banks expect ...

December 13, 2017

The FOMC hiked the US policy rate 25bp: Information received since the Federal Open Market Committee met in November indicates that the labor market has continued to strengthen and that economic activity has been rising at a solid rate. Averaging through hurricane-related fluctuations, job gains ha ...

Will Washington Ever Legalize Marijuana Home Grows?

Washington is the only state with recreational cannabis that doesn’t allow home growing, and the barriers to instituting more liberal regulations are steep. Washington state is a West Coast cannabis state. By this, we mean cannabis users have for a number of years in Washington enjoyed expansive ...