by Don Vialoux, EquityClock.com
Technical Notes for Wednesday October 14th
Exelon (EXC), an S&P 100 stock moved above $41.54 resuming an intermediate uptrend.
Pepsico (PEP), a NASDAQ 100 stock moved above $144.04 to an all-time high extending an intermediate uptrend.
Baidu (BIDU), a NASDAQ 100 stock moved above $135.44 extending an intermediate uptrend.
Shaw Communications (SJR), a TSX 60 stock moved below US$17.60 extending an intermediate downtrend.
With the exception of Goldman Sachs that released “blow out” third quarter results, equities of most major reporting companies moved lower yesterday after releasing third quarter results.
Trader’s Corner
Daily Seasonal/Technical Equity Trends for October 14th 2020
Green: Increase from previous day
Red: Decrease from previous day
Commodities
Daily Seasonal/Technical Commodities Trends for October 14th 2020
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for October 14th 2020
Green: Increase from previous day
Red: Decrease from previous day
Market Buzz
Greg Schnell notes “Software: New Names Perk Up”
Following is a link:
https://www.youtube.com/watch?v=C05Qj2xce54&feature=yout
S&P 500 Momentum Barometer
The Barometer dropped 2.81 to 70.28 yesterday. It remains intermediate overbought and showing early signs of rolling over.
TSX Momentum Barometer
The Barometer dropped another 4.23 to 54.46 yesterday. It remains intermediate neutral and showing early signs of rolling over.
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.
