Technical Notes
U.S. Insurance iShares $IAK moved above $133.82 to an all-time high extending an intermediate uptrend.
Energy iShares $XLE moved above $97.38 to an all-time high extending an intermediate uptrend.
BMO Equal Weight Canadian Oil ETF $ZEO.TO moved above Cdn$77.00 to an all-time high extending an intermediate uptrend.
“Gassy” Canadian stocks moved higher on increasing natural gas prices. ARC Resources $ARX.TO moved above Cdn$26.24 to an all-time high. Peyto Exploration & Development $PEY.TO moved above Cdn$16.20 to an all-time high.
Royal Bank $RY.TO a TSX 60 stock moved above $173.61 to an all-time high extending an intermediate uptrend.
Cameco $CCJ a TSX 60 stock moved above US$58.72 to an all-time high extending an intermediate uptrend. Cameco in Canadian Dollars $CCO.TO also closed at an all-time high.
Pembina Pipeline $PPL.TO a TSX 60 stock moved above Cdn$59.86 to an all-time high extending an intermediate uptrend.
Soybean ETN moved below $21.02 to a three year low extending an intermediate downtrend.
Trader’s Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for November 21st 2024
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 November 21st 2024
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for November 21st 2024
Green: Increase from previous day
Red: Decrease from previous day
Links offered by valued providers
BIG Stock Market Rally is Coming – Here’s Why: Tom Bowley
BIG Stock Market Rally is Coming – Here’s Why – YouTube
Goldman: Market volatility will surge—it’ll be a December to remember.
Goldman: Market volatility will surge—it’ll be a December to remember. – YouTube
Bitcoin hits fresh record, marches toward $100,000
Bitcoin hits fresh record, marches toward $100,000 – YouTube
Beware The "Drag 7" Stocks: Guy Adami, Dan Nathan and Carter Worth
Beware The "Drag 7" Stocks – YouTube
S&P 500 Momentum Barometers
The intermediate term Barometer added 5.20 to 61.00. It changed from Neutral to Overbought on a move above 60.00.
The long term Barometer added 1.80 to 71.40. It remains Overbought.
TSX Momentum Barometers
The intermediate term Barometer advanced 5.02 to 63.93. It changed from Neutral to Overbought on a move above 60.00.
The long term Barometer added 3.20 to 75.34. It remains 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