Observations The Canadian Dollar is responding to strength in industrial based commodity prices. Tis the season for strength in the Canadian Dollar from the third week in February to mid-June. The oil services sector is tracking the S&P Energy Index. Nice breakout yesterday by $OSX above $99.66 setting an intermediate uptrend. Ditto for its related ETF: OIH StockTwits Released Yesterday @EquityClock Evidence of a weakening trend for the US dollar bodes well for commodities and related stocks. equityclock.com/2019/02/19/… $USDX $UUP $GLD $SLV CRB Index $CRB moved above 182.25 completing a reverse Head & Shoulders pattern. ‘Tis the season for strength to the end of April! Laurentian Bank $LB.CA moved above $44.53 extending an intermediate uptrend. Technical action by S&P 500 stocks to 10:00: Quietly bullish. Intermediate breakouts: $F $FTI $PWR $MOS. Breakdown: $HSIC Editor’s Note: After 10:00 AM EST, intermediate breakouts included KSU, ETN, DLR, MAR, MO, NEM, BBT, RTN, HAL, JCI, HSY, CB, CCL, LYB and PKG. Steel ETF $SLX moved above $39.79 setting an intermediate uptrend. Europe iShares $IEV moved above $42.50 extending an intermediate uptrend Another gold stock breakout! Newmont $NEM moved above $35.18 extending an intermediate uptrend Agriculture ETF $MOO moved above $62.09 extending an intermediate uptrend. Fertilizer ETF $SOIL moved above $9.54 setting an intermediate uptrend Bank of Montreal $BMO.CA, a TSX 60 stock moved above $99.02 extending an intermediate uptrend. Q1 EPS report next week Rogers Communications $RCI $RCI.B.CA, a TSX 60 stock moved above $55.17 U.S. to an all-time high extending an uptrend. Another silver stock breakout! Hecla Mining $HL moved above $2.93 extending an intermediate uptrend. $SIL TransCanada $TRP.CA, a TSX 60 stock moved above $57.91 extending an intermediate uptrend S&P Chemical Index $CEX moved above 585.40 completing a reverse Head & Shoulders pattern. Editor’s Note: CEX is by far the largest weight in XLB. Trader’s Corner. Equity Indices and related ETFs Daily Seasonal/Technical Equity Trends for February 20th 2019 Green: Increase from previous day Red: Decrease from previous day Commodities Daily Seasonal/Technical Commodities Trends for February 20th 2019 Green: Increase from previous day Red: Decrease from previous day Sectors Daily Seasonal/Technical Sector Trends for February 20th 2019 Green: Increase from previous day Red: Decrease from previous day S&P 500 Momentum Barometer The Barometer slipped 0.20 to 92.00 yesterday. It remains intermediate overbought. TSX Momentum Barometer The Barometer added 0.42 to 90.76 yesterday. It remains intermediate overbought. http://www.equityclock.com/about/seasonal-advantage-portfolio/ 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