Tech Talk for Thursday July 23rd 2020

by Don Vialoux, EquityClock.com

 

Technical Notes

Advanced Micro Devices (AMD), a NASDAQ 100 stock moved above $59.00 and $59.27 to an all-time high extending an intermediate uptrend.

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Xcel Energy (XEL), a NASDAQ 100 stock moved above $67.09 extending an intermediate uptrend.

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Pfizer (PFE), a Dow Jones Industrial Average stock moved above $38.49 setting an intermediate uptrend. Responded to encouraging news on its vaccine research.

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Trader’s Corner

Equity Indices and related ETFs

Daily Seasonal/Technical Equity Trends for July 22nd 2020

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Green: Increase from previous day

Red: Decrease from previous day

 

Commodities

Seasonal/Technical Commodities Trends for July 22nd 2020

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Green: Increase from previous day

Red: Decrease from previous day

 

Sectors

Daily Seasonal/Technical Sector Trends for July 22nd 2020

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Green: Increase from previous day

Red: Decrease from previous day

Greg Schnell’s “Market Buzz”

Greg talks about “The Stampede Trade”. Following is a link:

https://www.youtube.com/watch?v=CMFES5cXHOk&feature=youtu.be

 

Arthur Hill’s Seasonal Patterns report for second half of 2020

Arthur Hill reviews, “Seasonal Patterns and Timing Tools to Watch” .Note seasonal strength in U.S. bond prices. Following is a link:

https://www.youtube.com/watch?v=5hiyJXlaJTk&feature=youtu.be

 

S&P 500 Momentum Barometer

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The Barometer added 1.40 to 81.36 yesterday. It changed from intermediate overbought to extremely intermediate overbought on a move above 80.00.

 

TSX Momentum Barometer

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The Barometer slipped 1.93 to 81.54 yesterday. It remains extremely intermediate overbought.

 

Disclaimer: Seasonality 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




This post was originally publised at Vialoux's Tech Talk.

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