Tech Talk for Friday February 5th 2021

by Don Vialoux, EquityClock.com

 

Technical Notes for Thursday February 4th

TSX Composite Index briefly moved above 18,058.61 to an all-time high extending an intermediate uptrend.

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CDW Corp (CDW), a NASDAQ 100 stock moved above $146.50 to an all-time high extending an intermediate uptrend.

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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.

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Global Agriculture iShares (COW.TO) moved above Cdn$52.68 to an all-time high extending an intermediate uptrend.

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U.S. REIT iShares (IYT) moved above $88.12 extending an intermediate uptrend.

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Twitter (TWTR) moved above $56.11 to an all-time high extending an intermediate uptrend.

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Align Technology (ALGN), a NASDAQ 100 stock moved above $579.50 to an all-time high extending an intermediate uptrend.

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Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for February 4th 2021

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Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for February 4th 2021

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Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for February 4th 2021

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Green: Increase from previous day

Red: Decrease from previous day

S&P 500 Momentum Barometer

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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.

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The long term Barometer added 1.40 to 90.18 yesterday. It remains extremely long term overbought.

 

TSX Momentum Barometer

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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.

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The long term Barometer slipped 0.26 to 76.92 yesterday. It remains long term 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.

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