Tech Talk for Thursday December 3rd 2020

by Don Vialoux, EquityClock.com

 

Technical Notes for Wednesday December 2nd

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.

clip_image001

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

clip_image002

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

clip_image003

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.

clip_image004

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.

clip_image005

clip_image006

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

clip_image007

 

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for December 2nd 2020

clip_image009

Green: Increase from previous day

Red: Decrease from previous day

 

Commodities

Daily Seasonal/Technical Commodities Trends for December 2nd 2020

clip_image011

Green: Increase from previous day

Red: Decrease from previous day

 

Sectors

Daily Seasonal/Technical Sector Trends for December 2nd 2020

clip_image013

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

clip_image001[5]

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

 

TSX Momentum Barometer

clip_image002[5]

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.

Total
0
Shares
Previous Article

When Risk-Free is Risky, Asia May Provide a Bright Spot for Fixed Income Investors

Next Article

U.S.-China Thaw Is Not Imminent; Stimulus Progress; Trump is Running Again

Related Posts
Subscribe to AdvisorAnalyst.com notifications
Watch. Listen. Read. Raise your average.