Technical Notes
Silver ETN (SLV) moved above $75.16 resuming an intermediate uptrend.
Barrick Gold (ABX.TO) a TSX 60 stock moved above Cdn$60.71 resuming an intermediate uptrend.
S&P 100 and NASDAQ 100 stocks moving below support extending an intermediate downtrend included Wells Fargo (WFC) on a move below $73.61, MercadoLibre (MELI) on a move below $1,593.21, AT&T (T) on a move below $24.94, Intuitive Surgical (ISRG) on moves below $447.71 and $427.84, Mosaic (MOS) on a move below $21.61, McCormick (MKC) on a move below $47.10 and Fastenol (FAST) on a move below $43.29 and $43.23.
TSX 60 stocks moving below support extending an intermediate downtrend included Canadian Tire (CTC.A.TO) on a move below Cdn$188.52 and Shopify (SHOP.TO) on a move below Cdn$14300.
Trader’s Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for May 11th 2026
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 11th 2026
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for May 11th 2026
Green: Increase from previous day
Red: Decrease from previous day
Links offered by valued providers
Semicap SURGE: $4 Trillion Added in 6 Weeks! | Market Forecast 2026: Verified Investing
https://www.youtube.com/watch?v=4Sw6k8MRYrE
Why You Should Respect This Massive Market Rally: Tom Bowley
https://www.youtube.com/watch?v=4Q39Jn1JLBA&t=12s
S&P 500 Momentum Barometers
The intermediate term Barometer dropped 1.80 to 49.00. It remains Neutral.
The short term (20 days) Barometer dropped 1.40 to 41.80. It remains Neutral. Daily downtrend was extended.
The long term Barometer dropped 0.36 to 54.60. It remains Neutral. Daily downtrend was extended.
TSX Momentum Barometers
The intermediate term Barometer added 3.18 to 64.09. It remains Overbought.
The short term (20 days) Barometer added 1.36 to 65.45. It remains Overbought.
The long term Barometer dropped $1.36 to $74.55. 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.
|
|
Equity Clock Publications