by Don Vialoux, EquityClock.com
Technical Notes released yesterday at
Play the period of risk aversion ahead in the equity market with this pair trade. equityclock.com/2021/07/14/… $SPX $SPY $ES_F $STUDY $VIX $VXX
Procter & Gamble $PG a Dow Jones Industrial Average stock moved above $139.10 extending an intermediate uptrend.
US Bancorp USB an S&P 100 stock moved above $57.79 resuming an intermediate uptrend.
Incyte $INCY a NASDAQ 100 stock moved below $79.42 setting an intermediate downtrend.
Biogen $BIIB a NASDAQ 100 stock moved below $333.28 setting an intermediate downtrend
Microchip Technologies $MCHP moved below $138.15 after completing a Head & Shoulders pattern.
SNC Lavalin $SNC.CA a TSX 60 stock moved below $31.37 completing a double top pattern.
Couche-Tard $ATD.B.CA a TSX 60 stock moved above $47.13 to an all-time high extending an intermediate downtrend.
Trader’s Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for July 15th 2021
Green: Increase from previous day
Red: Decrease from previous day
Commodities
Daily Seasonal/Technical Commodities Trends for July 15th 2021
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for July 15th 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 says “Markets show signs of strain”. Following is a link:
https://www.youtube.com/watch?v=0zlNr8LsI38
The Canadian Technician
Greg Schnell asks, “Is Electric losing its Spark”? Following is a link:
https://www.youtube.com/watch?v=0zlNr8LsI38
S&P 500 Momentum Barometers
The intermediate Barometer added 1.20 to 51.90 yesterday. It remains Neutral.
The long term Barometer slipped 0.20 to 90.38 yesterday. It remains Extremely Overbought.
TSX Momentum Barometers
The intermediate Barometer dropped 3.42 to 51.38 yesterday. It remains Neutral and is trending down.
The long term Barometer added 0.35 to 75.15 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.
