Tech Talk for Thursday September 3rd 2020

by Don Vialoux, EquityClock.com

 

Technical Notes for September 2nd

Dow Jones Industrial Average SPDRs (DIA) moved above $291.73 to an all-time high extending an intermediate uptrend.

clip_image001

S&P 500 Equal Weight ETF (RSP) moved above $112.70 extending an intermediate uptrend.

clip_image002

Comcast (CMCSA), an S&P 100 stock moved above $45.20 extending an intermediate uptrend.

clip_image003

Caterpillar (CAT), a Dow Jones Industrial Average stock moved above $146.20 extending an intermediate uptrend.

clip_image004

Microchip Technologies (MCHP), a NASDAQ 100 stock moved above $112.89 to an all-time high extending an intermediate uptrend.

clip_image005

Skyworks Solutions (SWKS), a NASDAQ 100 stock moved above $149.32 to an all-time high extending an intermediate uptrend.

clip_image006

Cerner (CERN), a NASDAQ 100 stock moved above $74.70 extending an intermediate uptrend.

clip_image007

Check Point Software Technologies (CHKP), a NASDAQ 100 stock moved above $130.65 to an all-time high

clip_image008

Cogeco (CGO.TO) moved above $90.80 extending an intermediate uptrend after Rogers Communications made an offer net valued at $4.9 billion to acquire the company’s Canadian assets.

clip_image009

Rogers Communications (RCI.B), a TSX 60 stock moved above $57.34 setting an intermediate uptrend.

clip_image010

Brookfield Infrastructure Partners (BIP/UN), a TSX 60 stock moved above $59.98 extending an intermediate uptrend.

clip_image011

CGI Group (GIB), a TSX 60 stock moved above US$71.91 extending an intermediate uptrend.

clip_image012

Steel ETF (SLX) moved above $31.59 extending an intermediate uptrend.

clip_image013

T-Mobile (TMUS), a NASDAQ 100 stock moved above $118.00 to an all-time high extending an intermediate uptrend.

clip_image014

Verizon (VZ), a Dow Jones Industrial Average stock moved above $60.25 to an all-time high extending an intermediate uptrend.

clip_image015

Willis Towers Watson (WLTW), a NASDAQ 100 stock moved above $213.57 extending an intermediate uptrend.

clip_image016

NextEra Energy (NEE), an S&P 100 stock moved above $287.96 to an all-time high extending an intermediate uptrend.

clip_image017

 

Trader’s Corner

Equity Indices and related ETFs

Daily Seasonal/Technical Equity Trends for September 2nd 2020

clip_image019

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Editor’s Note: Commodity prices and their technical ratings drop significantly yesterday with strength in the U.S. Dollar Index and its related ETN:UUP.

Seasonal/Technical Commodities Trends for September 2nd 2020

clip_image021

Green: Increase from previous day

Red: Decrease from previous day

 

Sectors

Daily Seasonal/Technical Sector Trends for September 2nd 2020

clip_image023

Green: Increase from previous day

Red: Decrease from previous day

Greg Schnell’s “Market Buzz”

Headline reads, “NASDAQ Momentum: Effortless”? Following is a link:

https://www.youtube.com/watch?v=n01HDk45GD8&feature=youtu.be

 

S&P 500 Momentum Barometer

clip_image024

The Barometer added 7.82 to 83.37 yesterday. It returned from intermediate overbought to extremely intermediate overbought on a move above 80.00.

 

TSX Momentum Barometer

clip_image025

The Barometer added 4.92 to 71.90 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.

Total
0
Shares
Previous Article

Two Economies: One Growing, the Other Declining

Next Article

Alphabet Inc. - (GOOG)

Related Posts
Subscribe to AdvisorAnalyst.com notifications
Watch. Listen. Read. Raise your average.