by Don Vialoux, EquityClock.com
Technical Notes for Monday April 12th
India ETF (PIN) moved below $23.36 and $23.84 setting an intermediate downtrend. Responding to another spike in COVID 19.
Vietnam ETF (VNM) moved above $18.75 extending an intermediate uptrend.
US Bancorp (USB), an S&P 100 stock moved above $57.61 to an all-time high extending an intermediate uptrend.
Berkshire Hathaway (BRK.B), an S&P 100 stock moved above $267.50 to an all-time high extending an intermediate uptrend.
MetLife (MET), an S&P 100 stock moved above $62.66 to an all-time high extending an intermediate uptrend.
TCOM (TCOM), a NASDAQ 100 stock moved below $36.15 completing a Head & Shoulders pattern.
Splunk (SPLK), a NASDAQ 100 stock moved above $142.16 completing a double bottom pattern.
Lululemon (LULU), a NASDAQ 100 stock moved above $321.30 resuming an intermediate uptrend.
Thomson Reuters (TRI), a TSX 60 stock moved above Cdn$114.58 to an all-time high extending an intermediate uptrend.
Bausch Health (BHC), a TSX 60 stock moved below Cdn$37.83 completing a Head & Shoulders pattern.
Trader’s Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for April 12th 2021
Green: Increase from previous day
Red: Decrease from previous day
Commodities
Daily Seasonal/Technical Commodities Trends for April 12th 2021
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for April 12th 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
S&P 500 Momentum Barometers
The intermediate Barometer added 0.80 to 90.78 yesterday. It remains Extremely Overbought.
The long term Barometer added 0.40 to 95.59 yesterday. It remains Extremely Overbought.
TSX Momentum Barometers
The intermediate Barometer dropped 5.93 to 77.56 yesterday. It changed from Extremely Overbought to Overbought on a move below 80.00.
The long term Barometer added 0.39 to 80.98 yesterday. It remains Extremely 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.