Technical Notes
Base Metals ETN (DBB) (1/3 each in copper, zinc and aluminum) moved above $26.02 to an all-time high extending an intermediate uptrend.
Copper Miners ETF (COPX) moved above $89.01 extending an intermediate uptrend.
Global Base Metals iShares (XBM.TO) moved above Cdn$38.33 to an all-time high changing trend from neutral to up
Philip Morris International (PM) an S&P 100 company moved above $189.61 to an all-time high extending an intermediate uptrend.
Nike (NKE) an S&P 100 stock moved below $42.09 extending an intermediate downtrend.
WSP Global (WSP.TO) a TSX 60 stock moved below Cdn$210.49 extending an intermediate downtrend.
Trader’s Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for May 12th 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 12th 2026
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for May 12th 2026
Green: Increase from previous day
Red: Decrease from previous day
Links offered by valued providers
Consumer prices rose 3.8% annually in April, the highest since May 2023: Rick Santelli
Consumer prices rose 3.8% annually in April, the highest since May 2023 – YouTube
Strategas’ Chris Verone talks cracks in the technical market picture
Strategas’ Chris Verone talks cracks in the technical market picture – YouTube
Could We See a Big Selloff This Week? | Trading Places Live! May 12, 2026: Tom Bowley
Could We See a Big Selloff This Week? | Trading Places Live! May 12, 2026 – YouTube
WARNING: The 18-Year Market Cycle is ENDING. AI Bubble CRASH Imminent? Gareth Soloway
WARNING: The 18-Year Market Cycle is ENDING. AI Bubble CRASH Imminent? – YouTube
Price Gap Analysis 101: Bullish vs. Bearish Gap Signals: David Keller
Price Gap Analysis 101: Bullish vs. Bearish Gap Signals (stockcharts.com)
S&P 500 Momentum Barometers
The intermediate term Barometer added 1.80 to 50.80. It remains Neutral.
The short term (20 days) Barometer added 2.00 to 43.80. It remains Neutral.
The long term Barometer added 0.80 to 55.40. It remains Neutral.
TSX Momentum Barometers
The intermediate term Barometer dropped 0.45 to 63.64. It remains Overbought.
The short term (20 days) Barometer dropped 1.36 to 64.09. It remains Overbought.
The long term Barometer dropped 0.45 to 74.09. 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