Technical Notes
WTI Crude Oil moved above US$64.86 completing a double bottom pattern.
Amex Biotech ETF (FBT) moved above $165.25 setting an intermediate uptrend. Seasonal influences are favourable on a real and relative basis until the third week in July. See First Trust NYSE Arca Biotechnology Index Fund (NYSE:FBT) Seasonal Chart | Equity Clock
US Telecommunications iShares (IYZ) moved above $28.78 to a three year high extending an intermediate uptrend. Seasonal influences are favourable until the end of July. See: iShares U.S. Telecommunications ETF (NYSE:IYZ) Seasonal Chart | Equity Clock
Steel ETF (SLX) moved above $64.89 and $65.04 extending an intermediate uptrend.
S&P/TSE Energy iShares (XEG.TO) moved above Cdn$16.97 extending an intermediate uptrend. Responding to higher WTI Crude oil prices.
Amazon $AMZN a Dow Jones Industrial Average stock moved above $214.84 resuming an intermediate uptrend. Seasonal influences are favourable until the end of July. See: Amazon.com, Inc. (NASD:AMZN) Seasonal Chart | Equity Clock
Pfizer (PFE) a Dow Jones Industrial Average stock moved above $23.98 completing a double bottom pattern.
Cameco a TSX 60 stock moved above Cdn$88.18 and US$62.55 to an all-time high extending an intermediate uptrend.
Trader’s Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for June 9th 2025
0
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 June 9th 2025
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for June 9th 2025
Green: Increase from previous day
Red: Decrease from previous day
Links offered by valued providers
Taking Stock of S&P 500 Sectors with Carter Worth
https://www.youtube.com/watch?v=rMLxYFor5T8
From Tariffs to Tech: Where Smart Money’s Moving Right Now: Mary Ellen McGonagle
From Tariffs to Tech: Where Smart Money’s Moving Right Now – YouTube
SPX Consolidation Into CPI, Health Care Poised for Bounce: Schwab Network
SPX Consolidation Into CPI, Health Care Poised for Bounce – YouTube
Yardeni: Economy buoyed by generous baby boomers helping kids and spending
Yardeni: Economy buoyed by generous baby boomers helping kids and spending – YouTube
Ted Oakley – Oxbow Interview Series – David Rosenberg June 6, 2025
Ted Oakley – Oxbow Interview Series – David Rosenberg June 6, 2025 – YouTube
Why this strategist says not everything is fine with the US economy: David Kelly, JP Morgan
Why this strategist says not everything is fine with the US economy – YouTube
S&P 500 Momentum Barometers
The intermediate term Barometer added 1.20 to 74.60. It remains Overbought.
The long term Barometer added 0.20 to 52.40. It remains Neutral.
TSX Momentum Barometers
The intermediate term Barometer was unchanged at 90.32. It remains Overbought. Daily trend remains up.
The long term Barometer added 1.38 to 76.04. It remains Overbought. Daily trend remains up.
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.
|
|
Equity Clock Publications