by Don Vialoux, EquityClock.com
Technical Notes for Wednesday February 10th
EAFE (EFA) moved above $75.75 to an all-time high extending an intermediate uptrend.
Shanghai Composite Index moved above 3637.10 to a six year high at 3665.09 extending an intermediate uptrend.
American International Group (AIG), an S&P 100 stock moved above $42.57 extending an intermediate uptrend.
Nvidia (NVDA), a NASDAQ 100 stock moved above $588.90 to an all-time high extending an intermediate uptrend.
Copper Miners ETF (COPX) moved above $34.46 to an all-time high extending an intermediate uptrend.
Copper moved above $3.79 per lb.to an eight year high extending an intermediate uptrend.
Okta (OKTA), a NASDAQ 100 stock moved above $287.35 to an all-time high extending an intermediate uptrend.
Intuit (INTU), a NASDAQ 100 stock moved above $398.12 to an all-time high extending an intermediate uptrend.
Caterpillar (CAT), a Dow Jones Industrial Average stock moved above $199.11 to an all-time high extending an intermediate uptrend.
Cannabis stocks and related ETFS “have gone parabolic”
Trader’s Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for February 10th 2021
Green: Increase from previous day
Red: Decrease from previous day
Commodities
Daily Seasonal/Technical Commodities Trends for February 10th 2021
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for February 10th 2021
Green: Increase from previous day
Red: Decrease from previous day
Market Buzz
Greg Schnell discusses “February new highs”. Following is a link:
https://www.youtube.com/watch?v=xeTE_fOVg7g&feature=youtu.be&ab_channel=StockCharts
S&P 500 Momentum Barometer
The intermediate Barometer added 1.20 to 74.15 yesterday. It remains intermediate overbought.
The long term Barometer slipped 0.40 to 90.38 yesterday. It remains extremely long term overbought.
TSX Momentum Barometer
The intermediate Barometer added 1.92 to 69.71 yesterday. It remains intermediate overbought.
The long term Barometer was unchanged yesterday at 77.88. 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