Tech Talk for Friday July 24th 2020

Don Vialoux on Michael Campbell’s Money Talks

Listen to the radio broadcast tomorrow (Saturday) on www.cknw.com between 8:30 AM and 10:00 AM Vancouver time (11:30 AM and 1:00 PM Toronto time)

Technical Note for July 23^rd

MasterCard (MS), an S&P 100 stock moved above $315.64 extending an intermediate uptrend.

Cintas (CTAS), a NASDAQ 100 stock moved above $292.11 and $304.81 to an all-time high extending an intermediate uptrend.

Copart (CPRT), a NASDAQ 100 stock moved above $92.65 extending an intermediate uptrend.

O’Reilly Automative (ORLY), a NASDAQ 100 stock moved above $454.31 to an all-time high extending an intermediate uptrend.

Trader’s Corner

Editor’s Note: Short term momentum indicators (daily MACD, Stochastics, RSI) moved lower

Equity Indices and related ETFs

Daily Seasonal/Technical Equity Trends for July 23^rd 2020

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Seasonal/Technical Commodities Trends for July 23^rd 2020

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for July 22^nd 2020

Green: Increase from previous day

Red: Decrease from previous day

S&P 500 Momentum Barometer

The Barometer added 1.00 to 82.36 yesterday. It remains extremely intermediate overbought.

TSX Momentum Barometer

The Barometer dropped 6.28 to 75.36 yesterday. It changed from extremely intermediate overbought to intermediate overbought on a move below 80.00. Early signs of a short term rollover have appeared.

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