Technical Notes
China Internet ETF (KWEB) moved below $21.72 extending an intermediate downtrend. Morgan Stanley China A shares (CAF) moved below $16.39 extending an intermediate downtrend.
Global Base Metals iShares (XBM.TO) moved below Cdn$31.80 completing a double top pattern. Major stocks in the ETF also completing double top patterns included Rio Tinto (RIO) on a move below US$84.86, Teck Resources (TECK/B.TO) on a move below Cdn$87.91 and Southern Copper (SCCO) on a move below $183.50. Silver bullion (SLV) also was under technical pressure breaking support at US$49.61 extending an intermediate downtrend.
S&P 100 stocks and NASDAQ 100 stocks breaking resistance extending intermediate uptrends included Procter & Gamble (PG) on a move above $164.77, Costar (CSGP) on a move above $33.82, Amgen (AMGN) on a move above $447.03 to an all-time high, Coca Cola EuroPacific (CCEP) on a move above $113.67 to an all-time high, Altria (MO) on a move above $75.85 to an all-time high, IBM (IBM) on move above $251.82 and Roper Technologies (ROP) on a move above $428.52.
S&P 100 and NASDAQ 100 stocks breaking support extending an intermediate downtrend included Cisco (CSCO) on a move below $104.11, Lam Research on a move below $265.89
TSX 60 stocks breaking intermediate resistance moving to an all-time high included CCL Industries (CCL/B) on a move above Cdn$98.22 to an all-time high and Canadian Tire (CTC/A) on a move above Cdn$207.40 to an all-time high
Trader’s Corner
Equity Indices and Related ETFs
Commodities
Sectors
Links offered by valued providers
The Setup for a Year End Rally Is Getting Stronger: Tom Bowley
The Setup for a Year End Rally Is Getting Stronger – YouTube
Meta And Tesla Earnings Can’t Save Markets, NASDAQ Collapse, Oil Crushing Consumers: Verified Investing
Meta And Tesla Earnings Can’t Save Markets, NASDAQ Collapse, Oil Crushing Consumers – YouTube
S&P 500 Momentum Barometers
The intermediate term Barometer added 5.60 to 60.60. It changed from Neutral to Overbought on a move above 60.00. Daily uptrend was extended.
The short term (20 days) Barometer slipped 0.60 to 72.60. It remained Overbought.
The long term Barometer added 3.80 to 59.80. It remained Neutral. Daily uptrend was extended.
TSX Momentum Barometers
The intermediate term Barometer added 5.12 to 52.09. It remained Neutral. Daily uptrend was extended.
The short term (20 days) Barometer slipped 0.47 to 59.07. It remained Neutral.
The long term Barometer dropped 2.33 to 51.63. 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.
|
|
Equity Clock Publications