by Don Vialoux, EquityClock.com
Technical Notes for Monday May 3rd
BMO Cdn. Energy ETF (ZEO) moved above $38.25 extending an intermediate uptrend.
U.S. Aerospace and Defense iShares (ITA) moved above $106.96 extending an intermediate uptrend.
FedEx (FDX), an S&P 100 stock moved above $304.18 to an all-time high extending an intermediate uptrend.
AbbVie (ABBV), an S&P 100 stock moved above $111.74 to an all-time high extending an intermediate uptrend.
Charter Communications (CHTR), a NASDAQ 100 stock moved above $681.71 to an all-time high extending an intermediate uptrend.
Verisigm (VRSN), a NASDAQ 100 stock moved above $221.78 to an all-time high extending an intermediate uptrend.
Restaurants International (QSR), a TSX stock moved above Cdn$86.21 extending an intermediate uptrend.
Canadian “gassy” stocks are moving higher. Freehold Royalties (FRU) moved above $8.04 extending an intermediate uptrend.
Trader’s Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for May 3rd 2021
Green: Increase from previous day
Red: Decrease from previous day
Commodities
Daily Seasonal/Technical Commodities Trends for May 3rd 2021
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for May 3rd 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 Barometer
The intermediate term Barometer added 1.00 to 85.57 yesterday. It remains Extremely Overbought.
The long term Barometer was unchanged yesterday at 94.79. It remains Extremely Overbought.
TSX Momentum Barometer
The intermediate Barometer added 7.87 to 73.37 yesterday. It remains Overbought.
The long term Barometer slipped 0.61 to 77.89 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.
