by Don Vialoux, EquityClock.com
Next Tech Talk Report
Tomorrow, January 1st, is an official holiday for North American equity markets. Next report is scheduled for release on Monday.
Technical Notes for Wednesday December 30th
U.S. Dollar Index ETN moved below $24.19 to a two year low extending an intermediate downtrend.
Wheat ETN (WEAT) moved above $6.16 completing a two year base building pattern.
Starbucks (SBUX), an S&P 100 stock moved above $106.09 to an all-time high extending an intermediate uptrend.
Visa (V), a Dow Jones Industrial Average stock moved above $217.02 to an all-time high extending an intermediate uptrend.
Toronto Dominion Bank (TD), a TSX 60 stock moved above $72.50 extending an intermediate uptrend.
Trader’s Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for December 30th 2020
Green: Increase from previous day
Red: Decrease from previous day
Commodities
Daily Seasonal/Technical Commodities Trends for December 30th 2020
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for December 30th 2020
Green: Increase from previous day
Red: Decrease from previous day
Trade ideas for 2021
Greg Schnell discusses Sector Rotation with a focus on the Materials and Energy sectors. If your are a Canadian investor, you will want to watch this video. Following is a link:
https://www.youtube.com/watch?v=Wa3YFqFOB2o&ab_channel=StockCharts
S&P 500 Momentum Barometer
The Barometer added 1.60 to 82.36 yesterday. It remains extremely intermediate overbought.
TSX Momentum Barometer
The Barometer added 1.62 to 72.561 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.