Technical Notes

Healthcare Providers iShares $IHF moved above $54.21 extending an intermediate uptrend.

S&P Money Center Bank SPDRs $KBE moved above $46.71 extending an intermediate uptrend.

BMO Equal Weight Base Metals ETF $ZMT.TO moved above Cdn$61.07 extending an intermediate uptrend.

Natural Gas ETN $UNG moved below $14.56 extending an intermediate downtrend.

Merck $MRK a Dow Jones Industrial Average stock moved above $129.42 to an all-time high extending an intermediate uptrend.

Pepsico $PEP a NASDAQ 100 stock moved above $173.87 extending an intermediate uptrend.

Ford $F an S&P 100 stock moved above $13.03 extending an intermediate uptrend.

Manulife Financial $MFC.TO a TSX 60 stock moved above Cdn$33.17 to an all-time high extending an intermediate uptrend.

 

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for March 27^th 2024

Green: Increase from previous day

Red: Decrease from previous day

Source for all positive seasonality ratings: www.EquityClock.com

 

Commodities

Daily Seasonal/Technical Commodities Trends for March 27^th 2024

Green: Increase from previous day

Red: Decrease from previous day

 

Sectors

Daily Seasonal/Technical Sector Trends for March 27^th 2024

Green: Increase from previous day

Red: Decrease from previous day

 

Links offered by valued providers

Three Industrial Stocks with Room to Run! Mary Ellen McGonagle

Three Industrial Stocks With Room to Run! – YouTube

 

The growth side of the S&P 500 has gone ‘very far, very fast’: Verdence Capital’s Megan Horneman

The growth side of the S&P 500 has gone ‘very far, very fast’: Verdence Capital’s Megan Horneman – YouTube

 

S&P 500 can pull back 7-8% and still keep the 6,100 breakout target: CappThesis’ Frank Cappelleri

S&P 500 can pull back 7-8% and still keep the 6,100 breakout target: CappThesis’ Frank Cappelleri – YouTube

 

Use Landry Light For Smart Investing: Dave Landry

https://www.youtube.com/watch?v=GGHJEfnDkWo

 

U.S. Economic News Released Tomorrow (Friday)

Although tomorrow is an official U.S. holiday, several important economic reports for February are scheduled for release at 8:30 AM EDT. They are:

 

Focus by the FOMC is no the Core PCE Price Index.

 

Next CATA Meeting

It will be held tonight at 8:00 PM EST by ZOOM. Everyone is welcome. Guest speaker is Keith Richards. The Annual Meeting also will be held. Not a member? Contact

CATA Meeting – March 28 – Keith Richards and AGM – Events – Canadian Association for Technical Analysis (clubexpress.com)

 

S&P 500 Momentum Barometers

The intermediate term Barometer jumped 9.60 to 83.20. It remains Overbought.

The long term Barometer jumped 5.40 to 84.40, a 20 month high. It remains Overbought.

 

TSX Momentum Barometers

The intermediate term Barometer jumped 6.25 to 74.11. It remains Overbought.

The long term Barometer added 4.91 to 73.66. It remains Overbought.

Disclaimer: Seasonality ratings 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

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