Observations Economic and political uncertainties in Turkey continued to impact equity markets Add Greece to the list of markets responding to southern Europe uncertainties The VIX Index jumps again. ’Tis the season! StockTwits Released Yesterday @EquityClock Technical action by S&P 500 stocks to 10:00: Quiet. Intermediate breakout: $SYY. Breakdowns: $SBAC $GM. Silver ETN $SLV moved below $14.35 extending an intermediate downtrend. Wheaton Precious Metals $WPM moved below $$20.53 U.S. extending an intermediate downtrend. Responding to lower silver prices. Agriculture iShares $COW.CA moved below $38.54 extending an intermediate downtrend WTI Crude Oil at $66.17 moved below $66.29 setting an intermediate downtrend. $USO. General Electric $GE, formerly a Dow Jones Industrial stock moved below $12.61 to a 6 year low extending an intermediate downtrend. Base Metals iShares $ PICK moved below $31.29 extending an intermediate downtrend. Ditto for ZMT.CA! U.S. Home Construction iShares $ITB moved below $36.85 extending an intermediate downtrend. Other related breakdowns: $PHM $XHB. Teck Resources $TECK $TECK.B.CA, a TSX 60 stock and major base metals miner moved below $23.95 U.S. extending an intermediate downtrend. Exxon Mobil $XOM, a Dow Jones Industrial stock moved below $78.49 on lower crude oil prices, setting an intermediate down trend. Auto ETF $CARZ moved below $36.65 extending an intermediate downtrend. Platinum ETN $PPLT moved below $31.50 extending an intermediate downtrend. Lithium ETN $LIT moved below $31.50 extending an intermediate downtrend. Gold ETN $GLD moved below $114.80 and $114.02 extending an intermediate downtrend. Goldcorp. $G.CA $GG, a TSX 60 stock moved below $15.11 Cdn. extending an intermediate downtrend. Cdn. Energy stocks $XEG.CA also hit by lower crude oil prices. E.g. breakdown by Vermillion Energy $VET.CA below $41.59 Editor’s Note: Oil services stocks on both sides of the border had a rough day on the charts. Trader’s Corner Equities and Related ETFs Daily Seasonal/Technical Equity Trends for August 13th 2018 Green: Increase from previous day Red: Decrease from previous day Commodities Daily Seasonal/Technical Commodities Trends for August 13th 2018 Green: Increase from previous day Red: Decrease from previous day Sectors Daily Seasonal/Technical Sector Trends for August 13th 2018 Green: Increase from previous day Red: Decrease from previous day Changes in Seasonality ratings Lumber/lumber stocks turn Negative from Neutral in mid-August Consumer Staples sector turns Negative from Neutral in mid-August Josef Schachter on BNNBloomberg’s Market Call Yesterday Josef remains negative/cautious on crude oil and cautiously optimistic on natural gas. Following are links: Market Outlook https://www.bnnbloomberg.ca/video/josef-schachter-s-market-outlook~1460348 Past Picks https://www.bnnbloomberg.ca/video/josef-schachter-s-past-picks~1460354 Top Picks https://www.bnnbloomberg.ca/video/josef-schachter-s-top-picks~1460359 S&P 500 Momentum Barometer The Barometer dropped 4.20 to 58.60 yesterday. It changed from intermediate overbought to intermediate neutral and established a downtrend. TSX Momentum Barometer The Barometer dropped 4.79 to 44.58 yesterday. It remains intermediate neutral and trending 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