by Don Vialoux, EquityClock.com
Ā
Technical Notes for Tuesday September 22nd
The U.S. Dollar Index and its related ETN: UUP completed a short term Reverse Head & Shoulders pattern on a move above 25.33
Conversely, the Euro completed a short term Head & Shoulders pattern on a move below 117.54.
CDW Corp (CDW), a NASDAQ 100 stock moved below $108.27 setting an intermediate downtrend.
Metro (MRU), a TSX 60 stock moved above $61.27 to an all-time high extending an intermediate uptrend.
Zoom (ZM), a NASDAQ 100 stock moved above $478.00 to an all-time high extending an intermediate uptrend.
VALE (VALE), one of the largest base metal companies in the world moved below $10.54 completing a double top pattern.
Coffee ETN (JJOFF) moved below intermediate support at $9.25.
Ā
Traderās Corner
Equity Indices and related ETFs
Daily Seasonal/Technical Equity Trends for September 22nd 2020
Green: Increase from previous day
Red: Decrease from previous day
Commodities
Seasonal/Technical Commodities Trends for September 22nd 2020
Green: Increase from previous day
Red: Decrease from previous day
Ā
Sectors
Daily Seasonal/Technical Sector Trends for September 22nd 2020
Green: Increase from previous day
Red: Decrease from previous day
Ā
S&P 500 Momentum Barometer
The Barometer added 3.81 to 37.88 yesterday. It remains intermediate oversold.
Ā
TSX Momentum Barometer
The Barometer added 4.97 to 44.02 yesterday. It changed back from intermediate oversold to intermediate neutral on a return to above 40.00.
Ā
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.
