Tech Talk for Wednesday December 23rd 2015
by Don Vialoux, Timingthemarket.ca
StockTwits Released Yesterday @equityclock
Technical action by S&P 500 stocks to 10:30 AM EST: Quietly bullish. Breakouts: $CCL, $DRI, $CAG, $HRS. No breakdowns
Editor’s Note: After 10:30 AM, McKesson, Grainger and US Steel broke above resistance. No breakdowns
Nice pop in uranium stocks this morning! Short term technicals are improving. $CCO.CA, $URA
‘Tis the season for strength in Cameco $CCJ $CCO.CA until at least mid-March!
Steel stocks are recovering from deeply oversold levels. $SLX $X. Year-end bounce in beaten up stocks has started.
‘Tis the season for Steel stocks to move higher! $SLX, $X $NUE
Base metal stocks are recovering from deeply oversold levels. $SPTMN $ZMT.CA. Year-end bounce has started.
‘Tis the season for strength in base metal stocks until the end of March! $ZMT.CA
Copper stocks are recovering from deeply oversold levels. $COPX Year-end bounce has started
Nice breakout by First Quantum $FM.CA above resistance at $5.21.
‘Tis the season in First Quantum Minerals until mid-May!
Stocks related to a recovery in China are leading the rally. $CAT $SLX $ZMT.CA $COPX
A move by the Shanghai Composite Index above 3678.27 will extend an uptrend and attract additional buying in Chinese related stocks.
Trader’s Corner
Daily Seasonal/Technical Equity Trends for December 22nd 2015
Green: Increase from previous day
Red: Decrease from previous day
Daily Seasonal/Technical Commodities Trends for December 22nd 2015
Green: Increase from previous day
Red: Decrease from previous day
Daily Seasonal/Technical Sector Trends for December 22nd 2015
Green: Increase from previous day
Red: Decrease from previous day
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