Technical Notes
Materials SPDRs (XLB) moved below $48.48 setting an intermediate downtrend.
MetLife (MET) an S&P 100 stock moved below $93.37 completing a double top pattern.
BMO Equal Weight Bank ETF (ZEB.TO) moved below Cdn$72.44 completing a double top pattern
S&P/TSX Financials iShares (XFN.TO) moved below Cdn$91.15 completing a double top pattern.
TSX Financials moving below support setting double top patterns included Power Corp (POW.TO), Commerce Bank (CM.TO), Bank of Montreal (BMO.TO) and Royal Bank (RY.TO).
Canadian Pacific (CP.TO) a TSX 60 stock moved below Cdn$119.58 setting an intermediate downtrend.
Rogers Communications (RCI/B.TO) a TSX 60 stock moved below Cdn$43.37 setting an intermediate downtrend.
Trader’s Corner
Equity Indices and Related ETFs
Commodities
Sectors
Links offered by valued providers
The Market Isn’t Breaking. It’s Rotating! Tom Bowley
The Market Isn’t Breaking. It’s Rotating! – YouTube
MRKT Call – Thursday, October 1st: Guy Adami, Liz Thomas, John Butters
MRKT Call – Thursday, October 1st – YouTube
Why big round numbers like $1,000 often become: Dave Keller
https://www.youtube.com/shorts/wULdTu_Rq3U
S&P 500 Momentum Barometers
The intermediate term Barometer added 2.20 to 23.60. It remains Oversold.
The short term (20 days) Barometer added 1.60 to 24.80. It remains Oversold.
The long term Barometer added 2.00 to 43.80. It remains Neutral.
TSX Momentum Barometers
The intermediate term Barometer dropped another 1.38 to 27.65. It remains Oversold. Daily downtrend was extended.
The short term (20 days) Barometer dropped 2.30 to 25.81. It remains Oversold.
The long term Barometer dropped another 1.84 to 49.77. It remains Neutral. Daily downtrend was extended.
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