by Don Vialoux, EquityClock.com
Next Tech Talk Report
Next report is released on Tuesday September 8th. Monday is a holiday
Technical Notes for Thursday
The VIX Index vaulted 7.03% to 33.60%. ‘Tis the season for volatility by U.S. equity indices to move higher to mid-October!
S&P Energy Index moved below 259.46 and 260.78 completing a Head & Shoulders pattern
Palladium ETN (PALL) moved above $220.00 extending an intermediate uptrend.
Electronic Arts (EA), a NASDAQ 100 stock moved below $135.56 completing a Head & Shoulders pattern.
MercadoLibre (MELI), a NASDAQ 100 stock moved below $1,090.00 completing a double top pattern.
Kinder Morgan (KMI), an S&P 100 stock moved below $13.60 setting an intermediate downtrend.
ConocoPhillps (COP), an S&P 100 stock moved below $35.90 extending an intermediate downtrend.
Take Two Interactive (TTWO), a NASDAQ 100 stock moved below $165.34 completing a double top pattern.
Trader’s Corner
Equity Indices and related ETFs
Daily Seasonal/Technical Equity Trends for September 3rd 2020
Green: Increase from previous day
Red: Decrease from previous day
Commodities
Seasonal/Technical Commodities Trends for September 3rd 2020
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for September 3rd 2020
Green: Increase from previous day
Red: Decrease from previous day
S&P 500 Momentum Barometer
The Barometer dropped 9.62 to 73.75 yesterday. It changed from extremely intermediate overbought to intermediate overbought on a drop below 80.00
TSX Momentum Barometer
The Barometer dropped 7.96 to 63.94 yesterday. It remains intermediate overbought and trending down.
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.
