Tech Talk for Tuesday March 9th 2021

by Don Vialoux, EquityClock.com

 

Technical Notes for Monday March 8th

Dow Jones Transportation Average and its related ETF: IYT moved to all-time highs in early trade.

clip_image001

Dow Jones Industrial Average and its related ETF: DIA also moved to an all-time high.

clip_image002

TSX Composite Index moved above 18,579.60 to an all-time high extending an intermediate uptrend.

clip_image003

U.S. insurance iShares (IAK) moved above $73.88 to an all-time high extending an intermediate uptrend.

clip_image004

Turkey iShares (TUR) moved below $26.35 completing a Head & Shoulders pattern.

clip_image005

ADP (ADP), a NASDAQ 100 stock moved above $179.46 to an all-time high extending an intermediate uptrend.

clip_image006

Fiserv (FISV), a NASDAQ 100 stock moved above $121.83 extending an intermediate uptrend.

clip_image007

Baidu (BIDU), a NASDAQ 100 stock moved below intermediate support at $230.08

clip_image008

MasterCard (MA), an S&P 100 stock moved above $366.36 to an all-time high extending an intermediate uptrend.

clip_image009

Visa (V), a Dow Jones Industrial Average stock moved above $220.05 to an all-time high extending an intermediate uptrend.

clip_image010

Danaher (DHR), an S&P 100 stock moved below $212.35 completing a double top pattern.

clip_image011

George Weston (WN), a TSX 60 stock moved above $100.92 re-establishing an intermediate uptrend.

clip_image012

Restaurant Brands International (QSR), a TSX 60 stock moved above $82.12 extending an intermediate uptrend.

clip_image013

Canadian oil service stocks are responding to higher Western Canadian crude prices. Nice breakouts yesterday by Precision Drilling and Ensign Energy Services!

clip_image014

clip_image015

Traderā€™s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for March 8th 2021

clip_image017

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for March 8th 2021

clip_image019

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for March 8th 2021

clip_image021

Green: Increase from previous day

Red: Decrease from previous day

S&P 500 Momentum Barometer

clip_image022

The intermediate Barometer added 3.41 to 66.13 yesterday. It remains Overbought.

clip_image023

The long term Barometer slipped 1.80 to 80.96 yesterday. It remains Extremely Overbought.

TSX Momentum Barometer

clip_image024

The intermediate Barometer added 1.42 to 66.35 yesterday. It remains Overbought.

clip_image025

The long term Barometer added 0.47 to 74.41 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.

Total
0
Shares
Previous Article

Recoveries Are Rarely Straight Lines

Next Article

Trumpism is Very Much Alive; China and Covid; The Great American Furniture Shortage

Related Posts
Subscribe to AdvisorAnalyst.com notifications
Watch. Listen. Read. Raise your average.