Technical Notes
United States Oil Fund (USO) moved above $142.33 resuming an intermediate uptrend.
Steel ETF (SLX) moved above $110.95 resuming an intermediate uptrend.
Meta Platforms (META) an S&P 100 stock moved above $612.43 completing a double bottom pattern.
NetEase (NTES) an S&P 100 stock moved below $$118.33 completing a double top pattern.
Trader’s Corner
Equity Indices and Related ETFs
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Links offered by valued providers
We believe the Fed is willing to tolerate inflation at these levels: JPMorgan’s Jacob Manoukian
Dollar-Yen Collapse, Oil Keeps Pushing Into Key Jobs Report As Investors Trade Stocks, Gold, Bitcoin: Verified Investing
CHART THIS with Dave Keller Thursday 9/3/26: Dave Keller
https://www.youtube.com/watch?v=R9l2O2bhmgs
S&P 500 Momentum Barometers
The intermediate term Barometer added 2.80 to 51.00. It remained Neutral.
The short term (20 days) Barometer jumped 8.40 to 47.00. It changed from Oversold to Neutral on a recovery above 40.00.
The long term Barometer added 2.20 to 68.20. It remained Overbought.
TSX Momentum Barometers
The intermediate term Barometer added 4.13 to 54.13. It remained Neutral.
The short term (20 days) Barometer jumped 11.93 to 48.17. It changed from Oversold to Neutral
on a recovery above 40.00.
The long term Barometer added 5.05 to 68.35. 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