by Don Vialoux, EquityClock.com
Technical Notes for August 17th
Healthcare SPDRS (XLV) moved above $107.53 to an all-time high extending an intermediate uptrend.
Walmart (WMT), a Dow Jones Industrial Average stock moved above $133.58 to an all-time high extending an intermediate uptrend.
Dollar Tree (DLTR), a NASDAQ 100 stock moved above $107.53 extending an intermediate uptrend.
Soybean ETN (SOYB) moved above $14.44 extending an intermediate uptrend.
Trader’s Corner
Equity Indices and related ETFs
Daily Seasonal/Technical Equity Trends for August 17th 2020
Green: Increase from previous day
Red: Decrease from previous day
Commodities
Seasonal/Technical Commodities Trends for August 17th 2020
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for August 17th 2020
Green: Increase from previous day
Red: Decrease from previous day
Technical Scoop
Thank you to David Chapman and www.EnrichedInvesting.com for a link to the following report. Headline reads, “Gold mini-crash, high failure, DJI lag, mixed TSX, different time, consumer-Dow correlation, weakest months” Following is a link:
S&P 500 Momentum Barometer
The Barometer slipped 2.40 to 77.76 yesterday. It slipped from extremely intermediate overbought to intermediate overbought on a move below 80.00.
TSX Momentum Barometer
The Barometer added 3.24 to 79.43 yesterday. It remains 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.
