by Don Vialoux, EquityClock.com
Technical Notes for Tuesday
American Tower (AMT), an S&P 100 stock moved below $210.66 extending an intermediate downtrend.
Target (TGT), an S&P 500 stock moved below $176.19 completing a double top pattern. The stock responded to release of fourth quarter results.
Trader’s Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for March 2nd 2021
Green: Increase from previous day
Red: Decrease from previous day
Commodities
Daily Seasonal/Technical Commodities Trends for March 2nd 2021
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for March 2nd 2021
Green: Increase from previous day
Red: Decrease from previous day
The Canadian Technician
Greg Schnell focuses on “More Chilling”. Following is a link:
More Chilling | The Canadian Technician | StockCharts.com
S&P 500 Momentum Barometers
The intermediate Barometer slipped 1.40 to 63.33 yesterday. It remains overbought.
The long term Barometer eased 0.80 to 83.37 yesterday. It remains extremely overbought.
TSX Momentum Barometers
The intermediate Barometer dropped 2.22 to 59.13 yesterday. It changed from overbought to neutral on a drop below 60.00.
The long term Barometer added 1.57 to 74.52 yesterday. It remains 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.
