Tech Talk for Friday September 25th 2020

by Don Vialoux, EquityClock.com

 

Technical Notes for Thursday September 24th

S&P Bank SPDRs (KBE) moved below $27.93 setting an intermediate downtrend.

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S&P Regional Banks SPDRs (KRE) moved below $33.67 setting an intermediate downtrend.

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China Large Cap iShares (FXI) moved below $41.09 completing a double top pattern.

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Cameco (CCJ), a TSX 60 stock moved below US$10.05 and Cdn$13.49 setting an intermediate downtrend.

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Canadian Natural Resources (CNQ), a TSX 60 stock moved below $21.62 completing a double top pattern.

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Trader’s Corner

Daily Seasonal/Technical Equity Trends for September 24th 2020

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Green: Increase from previous day

Red: Decrease from previous day

 

Commodities

Seasonal/Technical Commodities Trends for September 24th 2020

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Green: Increase from previous day

Red: Decrease from previous day

 

Sectors

Daily Seasonal/Technical Sector Trends for September 24th 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 0.60 to 26.25 yesterday. It remains intermediate oversold and continues to trend down.

 

TSX Momentum Barometer

Not available at time of posting.

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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