Observations News from the FOMC meeting released yesterday at 2:00 PM EDT was in line with expectations. The Fed Fund rate was maintained at 1.75%-2.00%. Comments by the Fed continued to indicate another 0.25% increase in the Fed Fund Rate on September 26th when the next meeting concludes. Responses by equity, commodity and bond markets were muted. A fund holding China A shares responded to a proposed increase in the tariff rate on $200 billion Chinese goods to 25% from 10%. StockTwits Released Yesterday @EquityClock Intact Financial $IFC.CA moved above $10070 extending an intermediate uptrend. Technical action by S&P 500 stocks to 10:00: Bearish. Intermediate breakouts: $BHF $AIG . Breakdowns: $HBI $APC $DVN $RIG $ADP $AKAM $IT Editor’s Note: After 10:00 AM EDT, breakouts included PKI, ETR, CI, SLG and BXP. Breakdowns included BLK, ESRX and TROW. Encana $ECA.CA $ECA, a TSX 60 stock moved above $18.06 Cdn and $13.92 U.S on higher than consensus earnings extending an intermediate uptrend. Trader’s Corner Equities and Related ETFs Daily Seasonal/Technical Equity Trends for August 1st 2018 Green: Increase from previous day Red: Decrease from previous day Commodities Daily Seasonal/Technical Commodities Trends for August 1st 2018 Green: Increase from previous day Red: Decrease from previous day Sectors Daily Seasonal/Technical Sector Trends for August 1st 2018 Green: Increase from previous day Red: Decrease from previous day S&P 500 Momentum Barometer The Barometer dropped 4.60 to 63.20 yesterday. It remains intermediate overbought and shows signs of rolling over TSX Momentum Barometer The Barometer dropped another 2.31 to 51.25 yesterday. It remains intermediate neutral and continues to trend down. 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