by Don Vialoux, EquityClock.com
Technical Notes for Wednesday April 21st
Disney (DIS), a Dow Jones Industrial Average stock moved below $181.01 completing a Head & Shoulders pattern.
Exxon Mobil (XOM) moved below $54.45 completing a double top pattern.
Citigroup (C), an S&P 100 stock moved below $74.73 completing a double top pattern.
JP Morgan (JPM), a Dow Jones Industrial Average stock moved below $148.09 completing a double top pattern.
Boeing (BA), a Dow Jones Industrial Average stock moved below $231.70 completing a double top pattern.
CVS Health (CVS), an S&P 100 stock moved above $76.72 extending an intermediate uptrend.
Pepsico (PEP), an S&P 100 stock moved above $147.59 to an all-time high extending an intermediate uptrend.
TSX Energy iShares moved below $7.20 completing a double top pattern.
Nutrien (NTR), a TSX 60 stock moved below Cdn$66.30 completing a double top pattern.
Turkey iShares (TUR) moved below $22.49 extending an intermediate downtrend.
Base metals ETN (DBB) moved above $19.60 to a nine year high extending an intermediate uptrend
Silver ETN (SLV) moved above intermediate resistance at $24.62
ASML (ASML), a NASDAQ 100 stock moved above $653.00 to an all-time high extending an intermediate uptrend.
Traderās Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for April 21st 2021
Green: Increase from previous day
Red: Decrease from previous day
Commodities
Daily Seasonal/Technical Commodities Trends for April 21st 2021
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for April 21st 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 notes that āNASDAQ 100 is under pressureā. Following is a link to his comment:
https://www.youtube.com/watch?v=oHJ6hvWjQrE
S&P Momentum Barometers
The intermediate term Barometer advanced 7.41 to 87.17 yesterday. It returned to Extremely Overbought from Overbought on a recovery above 80.00.
The long term Barometer added 0.20 to 96.99 yesterday. It remain Extremely Overbought.
TSX Momentum Barometers
The intermediate Barometer added 2.14 to 74.50 yesterday. It remains Overbought.
The long term Barometer added 2.80 to 82.00 yesterday. It changed from Overbought to Extremely Overbought on a return above 80.00.
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.
