Tech Talk for Thursday December 3rd 2020

December 3, 2020

2 minute read

by Don Vialoux, EquityClock.com

Technical Notes for Wednesday December 2^nd

Pfizer (PFE), a Dow Jones Industrial stock moved above $40.40 to an all-time high extending an intermediate uptrend. The stock responded to news that the United Kingdom has given fast track approval for Pfizer’s COVID 19 vaccine.

Advanced Micro Devices (AMD), a NASDAQ 100 stock moved above $94.28 to an all-time high extending an intermediate uptrend.

Russia ETF (RSX) moved above $23.57 resuming an intermediate uptrend.

Platinum ETN (PPLT) moved above $94.90 extending an intermediate uptrend.

Alphabet (GOOG and GOOGL), an S&P 100 stock moved above $1818.06 and $1816.89 respectively to an all-time high extending intermediate uptrends.

Alphabet (GOOG and GOOGL), an S&P 100 stock moved above $1,818.06 and $1,816.89 respectively to all-time highs extending an intermediate uptrend.

Dollarama (DOL), a TSX 60 stock moved above $53.91 extending an intermediate uptrend.

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for December 2^nd 2020

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for December 2^nd 2020

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for December 2^nd 2020

Green: Increase from previous day

Red: Decrease from previous day

Greg Schnell’s Comment on Electric Cars

Following is a link:

Electric Vehicle Breakdowns – GREG SCHNELL

S&P 500 Momentum Barometer

The Barometer slipped 1.80 to 82.77 yesterday. It remains extremely intermediate overbought.

TSX Momentum Barometer

The Barometer slipped 2.80 to 71.96 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.

Author

Don Vialoux, EquityClock.com

Don Vialoux is the author of free daily reports on equity markets, sectors, commodities and Exchange Traded Funds. All of the views expressed herein are his personal views although they may be reflected in positions or transactions in the various client portfolios. Daily reports are available at http://www.timingthemarket.ca.