by Don Vialoux, EquityClock.com
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Technical Notes for August 3rd
Target (TGT), an S&P 100 stock moved above $125.97 extending an intermediate uptrend.
NVIDIA (NVDA), a NASDAQ 100 stock moved above $431.69 to an all-time high extending an intermediate uptrend.
Natural Gas ETN (UNG) moved above $11.27 completing a double bottom pattern.
Splunk (SPLK), a NASDAQ 100 stock moved above $213.26 to an all-time high extending an intermediate uptrend.
Microsoft (MSFT), a Dow Jones Industrial stock moved above $216.38 to an all-time high extending an intermediate uptrend. The company is negotiating a potential purchase of TicTok.
Much of the gain by U.S. equity indices yesterday was recorded by two index heavy weight stocks: Microsoft and Apple.
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Traderâs Corner
Equity Indices and related ETFs
Daily Seasonal/Technical Equity Trends for August 3rd 2020
Green: Increase from previous day
Red: Decrease from previous day
Commodities
Seasonal/Technical Commodities Trends for August 3rd 2020
Green: Increase from previous day
Red: Decrease from previous day
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Sectors
Daily Seasonal/Technical Sector Trends for August 3rd 2020
Green: Increase from previous day
Red: Decrease from previous day
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S&P 500 Momentum Barometer
The Barometer added 0.60 to 66.13 yesterday. It remains intermediate overbought.
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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.
