Tech Talk for Thursday March 11th 2021

by Don Vialoux, EquityClock.com

 

Technical Notes for Wednesday March 10th

Materials SPDRs (XLB) moved above $77.77 to an all-time high extending an intermediate uptrend.

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U.S. Midcap iShares (XMC) moved above $24.92 to an all-time high extending an intermediate uptrend.

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S&P Homebuilders ETF (XHB) moved above $65.49 to an all-time high extending an intermediate uptrend.

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Italy iShares (EWI) moved above $31.15 to an all-time high extending an intermediate uptrend.

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Germany iShares (EWG) moved above $33.07 extending an intermediate uptrend.

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Intel (INTC), an S&P 100 stock moved above $63.56 and $63.82 extending an intermediate uptrend.

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Boeing (BA), a Dow Jones Industrial Average stock moved above $244.08 extending an intermediate uptrend.

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Keurig Dr. Pepper (KDP), a NASDAQ 100 stock moved above $33.69 to an all-time high extending an intermediate uptrend.

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Canadian energy stocks continue moving higher. Vermillion (VET) moved above $10.02 extending an intermediate uptrend. ARC Resources (ARX) moved above $8.37 extending an intermediate uptrend.

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Fortis (FTS), a TSX 60 stock moved above intermediate resistance at $52.28.

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Saputo (SAP), a TSX 60 stock moved above $37.92 extending an intermediate uptrend.

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Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for March 10th 2021

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Green: Increase from previous day

Red: Decrease from previous day

 

Commodities

Daily Seasonal/Technical Commodities Trends for March 10th 2021

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Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for March 10th 2021

clip_image002[5]1 Green: Increase from previous day

Red: Decrease from previous day

 

Changes in Seasonality Ratings

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Market Buzz

Greg Schnell gives “The story of 30 stocks: discussion on the 30 Dow Jones Industrial Average stocks”. Following is a link:

https://www.youtube.com/watch?v=ULLqXN5WIXM

 

S&P 500 Momentum Barometer

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The intermediate Barometer added another 4.21 to 71.94 yesterday. It remains Overbought.

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The long term Barometer added 0.20 to 84.57 yesterday. It remains Extremely Overbought.

 

TSX Momentum Barometer

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The intermediate Barometer added 1.42 to 70.62 yesterday. It remains Overbought.

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The long term Barometer added 1.42 to 77.25 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.

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