Tech Talk for Wednesday September 23rd 2020

by Don Vialoux, EquityClock.com

 

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

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Conversely, the Euro completed a short term Head & Shoulders pattern on a move below 117.54.

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CDW Corp (CDW), a NASDAQ 100 stock moved below $108.27 setting an intermediate downtrend.

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Metro (MRU), a TSX 60 stock moved above $61.27 to an all-time high extending an intermediate uptrend.

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Zoom (ZM), a NASDAQ 100 stock moved above $478.00 to an all-time high extending an intermediate uptrend.

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VALE (VALE), one of the largest base metal companies in the world moved below $10.54 completing a double top pattern.

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Coffee ETN (JJOFF) moved below intermediate support at $9.25.

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Trader’s Corner

Equity Indices and related ETFs

Daily Seasonal/Technical Equity Trends for September 22nd 2020

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Green: Increase from previous day

Red: Decrease from previous day

Commodities

Seasonal/Technical Commodities Trends for September 22nd 2020

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Green: Increase from previous day

Red: Decrease from previous day

 

Sectors

Daily Seasonal/Technical Sector Trends for September 22nd 2020

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Green: Increase from previous day

Red: Decrease from previous day

 

S&P 500 Momentum Barometer

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The Barometer added 3.81 to 37.88 yesterday. It remains intermediate oversold.

 

TSX Momentum Barometer

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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.

 

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.

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