by Don Vialoux, EquityClock.com
Technical Notes released at StockTwits.com@EquityClock
Cadence Design Software $CDNS a NASDAQ 100 stock moved below $119.65 completing a double top pattern.
PACCAR $PCAR a NASDAQ 100 stock moved below $88.74 extending an intermediate downtrend
Trader’s Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for May 19th 2021
Green: Increase from previous day
Red: Decrease from previous day
Commodities
Daily Seasonal/Technical Commodities Trends for May 19th 2021
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for May 19th 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 refocuses on “Clean Tech Wreck 2”. Following is a link:
https://www.youtube.com/watch?v=JfEZqa7C81Q
S&P 500 Momentum Barometers
The intermediate term Barometer slipped 3.21 to 66.93 yesterday. It remains Overbought and trending down.
The long term Barometer added 0.20 to 90.38 yesterday. It remains Extremely Overbought.
TSX Momentum Barometers
The intermediate Barometer slipped 1.87 to 65.42 yesterday. It remains Overbought and trending down.
The long term Barometer added 0.93 to 77.57 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.
