Tech Talk for Tuesday April 27th 2021

by Don Vialoux, EquityClock.com

 

Technical Notes for Monday April 26th

The Canadian Dollar moved above US80.64 to a three year high extending an intermediate uptrend.

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The CRB Index moved above 196.15 to a 30 month high extending an intermediate uptrend.

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Spot Copper moved above $4.38 per lb to a 10 year high extending an intermediate uptrend.

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S&P Metals & Mining iShares (XME) moved above $41.90 to an all-time high extending an intermediate uptrend.

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Palladium ETN (PALL) moved above $273.16 to an all-time high extending a long term uptrend.

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Coffee ETN (JJOFF) moved above $11.75 extending an intermediate uptrend.

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Amex Biotech ETF (FBT) moved above $166.44 resuming an intermediate uptrend.

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Emerging markets ETF (EEM) moved above $54.60 resuming an intermediate uptrend.

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MasterCard (MA), an S&P 100 stock moved above $389.04 to an all-time high extending an intermediate uptrend.

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Skyworks Solutions (SWKS), a NASDAQ 100 stock moved above $195.82 to an all-time high extending an intermediate uptrend.

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Emerson Electric (EMR), an S&P 100 stock moved above $93.38 to an all-time high extending an intermediate uptrend.

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Kinder Morgan (KMI), an S&P 100 stock moved above $16.95 extending an intermediate uptrend.

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Advanced Micro Devices (AMD), a NASDAQ 100 stock moved above $84.75 setting an intermediate uptrend.

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National Bank (NA), a TSX 60 stock moved above $88.39 to an all-time high extending an intermediate uptrend.

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Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for April 26th 2021

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Green: Increase from previous day

Red: Decrease from previous day

 

Commodities

Daily Seasonal/Technical Commodities Trends for April 26th 2021

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Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for April 26th 2021

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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

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The intermediate term Barometer added 1.00 to 88.78 yesterday. It remains Extremely Overbought.

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The long term Barometer slipped 0.60 to 95.79 yesterday. It remains Extremely Overbought.

 

TSX Momentum Barometers

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The intermediate term Barometer added 0.37 to 73.74 yesterday. It remains Overbought

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The long term Barometer added 0.41 to 81.31 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.

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