by Don Vialoux, EquityClock.com
Responses to the FOMC News at 2:00 PM EDT Yesterday
The Federal Reserve maintained an “easy money” monetary policy that is expected to continue until the end of 2013.
U.S. equity indices initial moved higher but closed lower.
Bond prices moved lower, Long term Treasury bond yields moved higher.
The U.S. Dollar and its related ETN moved higher.
Gold and most commodity prices were mixed
Technical Notes for September 16th
First Quantum Minerals (FM), a TSX 60 stock moved above $14.09 and $14.11 extending an intermediate uptrend.
Trader’s Corner
Equity Indices and related ETFs
Daily Seasonal/Technical Equity Trends for September 16th 2020
Green: Increase from previous day
Red: Decrease from previous day
Commodities
Seasonal/Technical Commodities Trends for September 16th 2020
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for September 16th 2020
Green: Increase from previous day
Red: Decrease from previous day
Market Buzz
Greg Schnell asks, “Can Gold Shine”? Following is the link:
https://www.youtube.com/watch?v=PefL7ZpZEKM&feature=youtu.be
S&P 500 Momentum Barometer
The Barometer added 3.61 to 66.53 yesterday. It remains intermediate overbought.
TSX Momentum Barometer
The Barometer slipped 1.24 to 60.19 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.
