Technical Notes
Two events happened yesterday afternoon: Long term U.S. Treasury bond prices $TLT broke support at $84.65 after a lackluster auction of 20 year Treasuries and after Congress failed to pass the “One Big Budget Bill” prior to the Memorial Day holiday break. U.S. equity prices also quickly moved lower following the news.
Bitcoin in U.S. Dollars $BTCUSD briefly moved above $109,340,211 to an all-time high in early trading extending an intermediate uptrend, but moved lower following the two events mentioned above.
Palladium ETN $PALL moved above $93.50 resuming an intermediate uptrend.
ARC Resources $ARX.TO one of Canada’s largest natural gas producers moved above Cdn$29.70 to an all-time high extending an intermediate uptrend.
Kraft Heinz $KHC an S&P 100 stock moved below $26.90 to a four year low extending an intermediate downtrend.
Traders Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for May 21st 2025
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 May 21st 2025
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for May 21st 2025
Green: Increase from previous day
Red: Decrease from previous day
Links offered by valued providers
S&P 500, Bitcoin & XLK: What the Charts Are Saying Now: Frank Cappelleri
S&P 500, Bitcoin & XLK: What the Charts Are Saying Now – YouTube
Stocks Fall, Yields Spike: Now What? Guy Adami and Dan Nathan
Stocks Fall, Yields Spike: Now What? – YouTube
The bond market is in the driver seat for the equity market, says Charles Schwab’s Liz Ann Sonders
S&P 500 Momentum Barometers
The intermediate term Barometer plunged 12.60 to 66.60. It remains Overbought. Daily downtrend has been initiated
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The long term Barometer dropped 6.20 to 50.00. It remains Neutral. Daily downtrend likely initiated.
The short term (20 days) Barometer plunged 23.20 to 62.80. It remains Overbought. Daily downtrend has been initiates.
TSX Momentum Barometers
The intermediate term Barometer dropped 3.31 to 80.65. It remains Overbought.
The long term Barometer dropped 2.76 to 66.82. 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