by Don Vialoux, EquityClock.com
Technical Notes released yesterday at StockTwits.com@EquityClock
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Trader’s Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for May 24th 2021
Green: Increase from previous day
Red: Decrease from previous day
Commodities
Daily Seasonal/Technical Commodities Trends for May 24th 2021
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for May 24th 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
Scans to help you stay nimble
Technical tools offered by Greg Schnell on StockCharts.com. Following is the link:
https://www.youtube.com/watch?v=r9_jcbgtrKY
Market Buzz
Greg offers “Clean Tech Wreck Review 2.0. Following is the link:
https://www.youtube.com/watch?v=JfEZqa7C81Q
Technicals for the NASDAQ Composite Index and Technology SPDRs
Their technical profiles improved significantly yesterday: They moved above their 20 and 50 day moving averages, their short term momentum indicators (Stochastics, RSI, MACD) turned higher and strength relative to the S&P 500 Index changed from negative to neutral.
Seasonality influences of both indices are virtually identical and are Positive on a real and relative basis until at least mid-July.
Technology Select Sector SPDR Fund (NYSE:XLK) Seasonal Chart
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XLK Relative to the S&P 500 |
S&P 500 Momentum Barometers
The intermediate term Barometer added 4.41 to 73.75 yesterday. It remains Overbought.
The long term Barometer added 0.40 to 91.78 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.
