Technical Notes
Equal Weight S&P 500 ETF (RSP) moved above $222.60 to an all-time high extending an intermediate uptrend.
Selected ETFs that broke intermediate resistance and reached an all all-time high included Financial SPDRs (XLF) on a move above $58.39 and US Insurance iShares (IAK) on a move above $151.85.
S&P 100 and NASDAQ 100 stocks that broke above resistance extending intermediate uptrends included DR Horton (DHI) on a move above $154.40, General Motors (GM) on a move above $91.66, Lowes Companies (LOW) on a move above $225.97, Cintas (CTAS) on a move above $226.50, Dollar Tree (DLTR) on a move above $142.40, Blackrock (BLK) on a move above $1,194.41, Medtronic (MDT) on a move above $102.92, MMM (MMM) on a move above $184.09, Royal Caribbean Cruises (RCL) on a move above $3302.03, Autodesk (ADSK) on a move above $271.72, Microsoft (MSFT) on a move above $550.01 and Keurig Dr. Pepper (KDP) on a move above $36.73.
Bolded stocks reached all-time highs.
TSX 60 stocks that broke above resistance setting an intermediate uptrend included Metro (MRU.TO) on a move above Cdn$99.51 and WSP Global (WSP.TO) on a move above Cdn$199.43
Trader’s Corner
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S&P 500 Momentum Barometers
The intermediate term Barometer added 5.60 to 71.80. It remained Overbought. Daily uptrend was extended.
The short term (20 days) Barometer added 3.60 to 75.20. It remained Overbought.
The long term Barometer added 5.00 to 69.00. It remained Overbought. Daily uptrend was extended.
TSX Momentum Barometers
The intermediate term Barometer added 0.47 to 53.95. It remained Neutral
The short term (20 days) Barometer added 7.91 to 61.86. It changed from Neutral to Overbought on a move above 60.00. Daily trend 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