Technical Notes
The U.S. Dollar (USD)) moved above 101.80 to an 18 month high extending an intermediate uptrend.
Conversely, Canadian Dollar ($XDC) moved below US70.17 to an 18 month low extending an intermediate downtrend.
Brazil iShares (EWZ) moved above $41.62 to an 18 year high extending an intermediate uptrend. Responded to Brazil’s federal election results!
MMM (MMM) a Dow Jones Industrial Average stock moved below $160.27 extending an intermediate downtrend.
Merck (MRK) a Dow Jones Industrial Average stock moved below $142.32 completing a double top pattern.
Shopify (SHOP.TO) a TSX 60 stock moved above $221.12 extending an intermediate uptrend.
Trader’s Corner
Equity Indices and Related ETFs
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Links offered by valued providers
Yields Stay Strong As Global Unrest Increases, Major Test For Bitcoin And Gold, Top Trades: Verified Investing
Yields Stay Strong As Global Unrest Increases, Major Test For Bitcoin And Gold, Top Trades – YouTube
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RECORD CHASE: Can Wall Street finish strong? | Live Trading – YouTube
S&P 500 Momentum Barometers
The intermediate term Barometer added 3.20 to 28.20. It remained Oversold. Daily uptrend was set.
The short term (20 days) Barometer added 6.80 to 33.40. It remained Oversold. Daily uptrend was extended.
The long term Barometer added 1.60 to 47.00. It remained Neutral. Daily uptrend was set.
TSX Momentum Barometers
The intermediate term Barometer added 1.40 to 31.16. Daily uptrend was set.
The short term (20 days) Barometer added 0.47 to 34.42. It remained Oversold.
The long term Barometer dropped 0.93 to 52.09. It remained 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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Equity Clock Publications