Technical Notes
Consumer Staples SPDRs (XLP) moved below $83.86 completing a double top pattern.
UnitedHealth Group (UNH) a Dow Jones Industrial Average stock moved below $383.83 setting an intermediate downtrend.
Linde (LIN) an S&P 100 stock moved below $465.35 extending an intermediate downtrend.
Align (ALGN) a NASDAQ 100 stock moved below $151.58
Thomson Reuters (TRI.TO) a TSX 60 stock moved below Cdn$134.18 setting an intermediate downtrend.
Open Text (OTEX) a TSX 60 stock moved below US$22.85 setting an intermediate downtrend.
Trader’s Corner
Equity Indices and Related ETFs
Commodities
Sectors
Links offered by valued providers
Scott Bessent Is The House Now: Guy Adami, Dan Nathan and Carter Worth
Scott Bessent Is The House Now – YouTube
Oil Continues To Surge, Yields Nearing Major Breakout As Investors Start Dumping Stocks: Verified Investing
https://www.youtube.com/watch?v=8cm1u_fsEvo
Is This the Fed’s Biggest Policy Error? Patrick Ceresna
https://www.youtube.com/watch?v=vxRBCnGZjQ8
THE MARKET Is COLLAPSING — Is the CRASH Finally Here? | Jiang World
https://www.youtube.com/watch?v=naFaMLeqhpg
S&P 500 Momentum Barometers
The intermediate term Barometer dropped another 5.00 to 38.20. It changed from Neutral to Oversold on a fall below 40.00. Daily downtrend was extended.
The short term (20 days) Barometer dropped another 4.60 to 23.20. It remained Oversold. Daily downtrend was extended.
The long term Barometer dropped 2.60 to 59.60. It changed from Overbought to Neutral on a fall below 60.00. Daily downtrend was extended.
TSX Momentum Barometers
The intermediate term Barometer dropped 3.67 to 46.33. It remained Neutral. Downtrend was extended.
The short term Barometer dropped 3.21 to 40.83. It remained Neutral.
The long term Barometer dropped 1.83 to 63.30. 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