Holiday Trading

Today, U.S. equity markets are closed for the Thanksgiving holiday. Tomorrow U.S. equity markets close at 1:00 PM EST. Volume on U.S. and Canadian equity markets tomorrow are expected to be well below average.

 

Technical Notes

Marriott International $MAR a NASDAQ 100 stock moved above $209.92 to an all-time high extending an intermediate uptrend.

Lam Research $LRCX a NASDAQ 100 stock moved above $724.34 to an all-time high extending an intermediate uptrend.

Pembina Pipeline $PPL.TO a TSX 60 stock moved above $44.89 extending an intermediate uptrend.

Natural Gas ETN $UNG moved below $5.87 extending an intermediate downtrend.

 

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for Nov.22^nd 2023

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 Nov.22^nd 2023

Green: Increase from previous day

Red: Decrease from previous day

 

Sectors

Daily Seasonal/Technical Sector Trends for November 22^nd 2023

Green: Increase from previous day

Red: Decrease from previous day

 

Canadian Association for Technical Analysis Presentation

Next Zoom presentation is offered tonight at 8:00 PM EST. Presenter is Hap Sneddon from CastleMoore. Everyone is welcome. Not a member of CATA? Contact https://canadianata.ca/

 

S&P 500 Momentum Barometers

The intermediate term Barometer added 2.20 to 74.00. It remains Overbought. Daily trend continues up.

The long term Barometer added 1.80 to 56.40. It remains Neutral. Daily trend continues up.

 

TSX Momentum Barometers

The intermediate term Barometer added 0.44 to 59.47. It remains Neutral.

The long term Barometer slipped 0.44 to 43.17. It remains Neutral.

 

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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