Tech Talk for Tuesday August 3rd 2021

by Don Vialoux, EquityClock.com

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Technical Notes released yesterday at

StockTwits.com@EquityClock

India ETF $PIN moved above $26.38 to an all-time high extending an intermediate uptrend.

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Philip Morris International $PM an S&P 100 stock moved above $100.53 to an all-time high extending an intermediate uptrend.

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Bank of New York Mellon $BK an S&P 100 stock moved above $52.54 extending an intermediate uptrend.

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Verisk Analytics $VRSK a NASDAQ 100 stock moved above $189.94 resuming an intermediate uptrend.

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CDW Corp $CDW a NASDAQ 100 stock moved above $184.58 to an all-time high extending an intermediate uptrend.

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Charter Communications $CHTR a NASDAQ 100 stock moved above $749.31 to an all-time high extending an intermediate uptrend.

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Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for August 2nd 2021

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Green: Increase from previous day

Red: Decrease from previous day

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Commodities

Daily Seasonal/Technical Commodities Trends for August 2nd 2021

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Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for August 2nd 2021

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Green: Increase from previous day

Red: Decrease from previous day

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All seasonality ratings are based on performance relative to the S&P 500 Index

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Seasonality Chart of the Day from www.EquityClock.com

Seasonality for Copper Futures on a real and relative basis (relative to the S&P 500 Index) changed from Positive at the end of July to Neutral to the beginning of October. Thereafter, it turns Positive to mid-April.

Seasonality for copper equities and related ETFs (e.g. COPX, XBM.TO and PICK) changed from Positive at the end of July to Negative to the beginning of October. Thereafter, it turns Positive to early March.

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S&P 500 Momentum Barometers

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The intermediate term Barometer slipped 0.80 to 55.51 yesterday. It remains Neutral.

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The long term Barometer eased 0.60 to 87.37 yesterday. It remains Extremely Overbought and showing early signs of resuming a down trend..

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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.

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