by Don Vialoux, EquityClock.com
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Technical Notes for Thursday February 4th
TSX Composite Index briefly moved above 18,058.61 to an all-time high extending an intermediate uptrend.
CDW Corp (CDW), a NASDAQ 100 stock moved above $146.50 to an all-time high extending an intermediate uptrend.
eBay (EBAY), a NASDAQ 100 stock moved above $60.69 to an all-time high extending an intermediate uptrend. The stock is responding to higher than consensus fourth quarter results, a dividend increase and positive guidance.
Global Agriculture iShares (COW.TO) moved above Cdn$52.68 to an all-time high extending an intermediate uptrend.
U.S. REIT iShares (IYT) moved above $88.12 extending an intermediate uptrend.
Twitter (TWTR) moved above $56.11 to an all-time high extending an intermediate uptrend.
Align Technology (ALGN), a NASDAQ 100 stock moved above $579.50 to an all-time high extending an intermediate uptrend.
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Traderâs Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for February 4th 2021
Green: Increase from previous day
Red: Decrease from previous day
Commodities
Daily Seasonal/Technical Commodities Trends for February 4th 2021
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for February 4th 2021
Green: Increase from previous day
Red: Decrease from previous day
S&P 500 Momentum Barometer
The intermediate Barometer advanced 8.82 to 67.94 yesterday. It changed from intermediate neutral to intermediate overbought on a move back above 60.00.
The long term Barometer added 1.40 to 90.18 yesterday. It remains extremely long term overbought.
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TSX Momentum Barometer
The intermediate Barometer advanced 3.76 to 62.50 yesterday. It changed from intermediate neutral to intermediate overbought on a move back above 60.00.
The long term Barometer slipped 0.26 to 76.92 yesterday. It remains long term overbought.
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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.