Tech Talk for Thursday August 27th 2020

Technical Notes for August 26^th

Workday (WDAY), a NASDAQ 100 stock moved above $200.00 and $202.00 extending an intermediate uptrend.

Microsoft (MSFT), a Dow Jones Industrial Average stock moved above $217.12 to an all-time high extending an intermediate uptrend.

U.S. Crude Oil ETN (USO) moved above $31.02 extending an intermediate uptrend.

Chile iShares (ECH) moved below $25.83 setting an intermediate downtrend.

Exxon Mobil (XOM) formerly a Dow Jones Industrial Average stock moved below $40.30 setting an intermediate downtrend.

Booking Holdings (BKNG), an S&P 100 stock moved above $1,871.97 extending an intermediate uptrend.

PayPal (PYPL), a NASDAQ 100 stock moved above $204.23 to an all-time high extending an intermediate uptrend.

Splunk (SPLK), a NASDAQ 100 stock moved above $217.36 to an all-time high extending an intermediate uptrend.

TSX Financials iShares (XFN) moved above $34.81 extending an intermediate uptrend.

Toronto Dominion Bank (TD), a TSX 60 stock moved above $65.42 extending an intermediate uptrend.

Medical Devices iShares (IHI) moved above $296.76 to an all-time high extending an intermediate uptrend.

Trader’s Corner

Equity Indices and related ETFs

Daily Seasonal/Technical Equity Trends for August 26^th 2020

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Seasonal/Technical Commodities Trends for August 26^th 2020

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for August 26^th 2020

Green: Increase from previous day

Red: Decrease from previous day

Greg Schnell’s “Market Buzz”

Greg says, “Home Builders fire up”

Following is a link:

https://www.youtube.com/watch?v=Y954fJdGlBc&feature=youtu.be

S&P 500 Momentum Barometer

The Barometer slipped 2.00 to 73.95 yesterday. It remains intermediate overbought.

TSX Momentum Barometer

The Barometer gained 4.74 to 78.20 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