by Don Vialoux, EquityClock.com
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Technical Notes released yesterday at StockCharts.com@EquityClock
American Express $AXP a Dow Jones Industrial Average stock moved above $160.69 to an all-time high extending an intermediate uptrend.
Goldman Sachs $GS a Dow Jones Industrial Average stock moved above $375.71 to an all-time high extending an intermediate uptrend.
Financial SPDRs $XLF moved above $38.26 extending an intermediate uptrend.
Aerospace & Defense ETF $PPA moved above $76.67 to an all-time high extending an intermediate uptrend
Auto ETF $CARZ moved above $59.75 to an all-time high extending an intermediate uptrend.
Abbott Labs $ABT an S&P 100 stock moved below $114.32 completing a double top pattern.
Emerson Electric $EMR an S&P 100 stock moved above $96.38 to an all-time high extending an intermediate uptrend.
Lam Research $LRCX a NASDAQ 100 stock moved abovee $669.00 to an all-time high extending an intermediate uptrend.
S&P Oil & Gas Exploration SPDRs $XOP moved above $91.84 extending an intermediate uptrend.
Gasoline ETN $UGA moved above $34.94 extending an intermediate uptrend
Canadian REIT iShares $XRE.CA moved above $18.69 extending an intermediate uptrend.
Brookfield Infrastructure Partners $BIP.CA a TSX 60 stock moved above US$55.02 to an all-time high extending an intermediate uptrend.
Nutrien $NTR.CA a TSX 60 stock moved above $75.64 extending an intermediate uptrend
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Other interesting charts
CRB Index moved above 206.95 to a six year high thanks to strength in crude oil, gasoline and natural gas prices.
Emerging Markets ETF (particularly Far East markets including China) moved above $55.34 resuming an intermediate uptrend.
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Traderâs Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for June 1st 2021
Green: Increase from previous day
Red: Decrease from previous day
Commodities
Daily Seasonal/Technical Commodities Trends for June 1st 2021
Green: Increase from previous day
Red: Decrease from previous day
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Sectors
Daily Seasonal/Technical Sector Trends for June 1st 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
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S&P 500 Momentum Barometers
The intermediate term Barometer slipped 3.61 to 73.35 yesterday. It remains Overbought.
The long term Barometer eased 1.20 to 90.98 yesterday. It remains Extremely Overbought.
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TSX Momentum Barometers
The intermediate term Barometer added 5.56 to 75.46 yesterday. It remains Overbought.
The long term Barometer added 1.85 to 80.56 yesterday. It changed from Overbought to Extremely Overbought on a return above the 80.00 level.
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.