by Don Vialoux, EquityClock.com
Technical Notes for March 31st
S&P 500 Index briefly moved above 3,983.87 to an all-time high.
Dollarama (DOL), a TSX 60 stock moved above $55.40 and $56.03 to an all-time high extending an intermediate uptrend.
Corn and soybean prices were “limit up” following release of the USDA’s estimated planting report for the 2021 season. The report forecasted below analyst expectations for planting of corn and soybeans. Soybean ETN (SOYB) moved above $21.63 to a four year high extending an intermediate uptrend.
Corn ETN (CORN) moved above $17.55 to a three year high extending an intermediate uptrend.
Trader’s Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for March 31st 2021
Green: Increase from previous day
Red: Decrease from previous day
Commodities
Daily Seasonal/Technical Commodities Trends for March 31st 2021
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for March 30th 2021
Green: Increase from previous day
Red: Decrease from previous day
All seasonality ratings are based on performance relative to the S&P 500 Index
Market Buzz
Greg Schnell discusses “A rotation into Defensives”. Following is a link:
https://www.youtube.com/watch?v=3y6Cdk0QOGc
S&P 500 Momentum Barometers
The intermediate Barometer added 2.20 to 82.36 yesterday. It remains Extremely Overbought.
The long term Barometer added 1.20 to 93.99 yesterday. It remains Extremely Overbought.
TSX Momentum Barometers
The intermediate Barometer added 0.48 to 66.51 yesterday. It remains Overbought.
The long term Barometer added 0.48 to 78.47 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.
