Technical Notes
U.S. Global Jets ETF (JETS) moved above $31.33 to a six year high extending an intermediate uptrend.
Steel ETF (SLX) moved below $104.21 and $102.60 completing a short term Head & Shoulders pattern.
Global Metals iShares (PICK) moved below $59.83 and $59.79 completing a short term Head and Shoulders pattern. Weakness was led by Alcoa (AA) on a move below $54.86 extending an intermediate downtrend.
NASDAQ Biotech iShares (IBB) moved above $179.48 to an all-time high extending an intermediate uptrend. Seasonal influences are favourable until September 21st. See seasonality chart at www.EquityClock.com
Couche Tard (ATD.TO) moved above Cdn$85.36 to an all-time high extending an intermediate uptrend.
Canadian Imperial Bank of Commerce (CM.TO) moved above Cdn$162.12 to an all-time high extending an intermediate uptrend.
Trader’s Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for June 23rd 2026
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 23rd 2026
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for June 23rd 2026
Green: Increase from previous day
Red: Decrease from previous day
Links offered by valued providers
Trading Places Live! June 23, 2026: Tom Bowley
Trading Places Live! June 23, 2026 – YouTube
AI Trade Collapse, KOSPI Drops 10%, Crowded Bubble Trade Begins Unwind: Verified Investing
AI Trade Collapse, KOSPI Drops 10%, Crowded Bubble Trade Begins Unwind – YouTube
The Mag7 Is Now The Lag7 Guy Adami and Dan Nathan
https://www.youtube.com/watch?v=WkeBOtYzf3c
Gold’s Next Move: Armstrong Sees August Turn
https://www.youtube.com/watch?v=OWt028uUji8
S&P 500 Momentum Barometers
Surprisingly, the medium term Barometer added 4.00 to 60.00. It changed from Neutral to Overbought.
The short term (20 days) Barometer added 2.40 to 55.00. It remained Neutral.
The long term Barometer added 1.60 to 61.80. It remained Overbought
TSX Momentum Barometers
The intermediate term Barometer dropped 1.82 to 45.91. It remained Neutral. Daily downtrend was extended.
The short term (20 days) Barometer dropped 4.55 to 39.09. It changed from Neutral to Oversold on a drop below 40.00. Daily downtrend was extended.
The long term Barometer dropped 4.09 to 62.27. It remained 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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Equity Clock Publications