Tech Talk for Tuesday September 14th 2021

by Don Vialoux, EquityClock.com

 

Technical Notes released yesterday at

StockTwits.com@EquityClock

Procter & Gamble $PG a Dow Jones Industrial Average stock moved above $145.98 to an all-time high extending an intermediate uptrend

clip_image001

Bristol-Myers Squibb $BMY an S&P 100 stock moved below $62.76 extending an intermediate downtrend.

clip_image002

IDEXX Laboratories $IDXX a NASDAQ 100 stock moved below $657.12 completing a double top pattern.

clip_image003

Illumina $ILMN a NASDAQ 100 stock moved below $448.68 completing a Head & Shoulders pattern.

clip_image004

Franco-Nevada $FNV a TSX 60 stock moved below US$140.30 completing a Head & Shoulders pattern.

clip_image005

Canadian energy stocks are responding to higher crude oil prices. BMO Cdn. Equal Weight Energy ETF $ZEO.CA moved above intermediate resistance at Cdn$41.69

clip_image006

TSX Energy iShares $XEG.CA moved above intermediate resistance at $8.35

clip_image007

Imperial Oil $IMO.CA a TSX 60 stock moved intermediate resistance at $35.30

clip_image008

TC Energy $TRP.CA a TSX 60 stock moved above intermediate resistance at $62.96

clip_image009

 

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for September 13th 2021

clip_image011

Green: Increase from previous day

Red: Decrease from previous day

 

Commodities

Daily Seasonal/Technical Commodities Trends for September 13th 2021

clip_image013

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for September 13th 2021

clip_image015

Green: Increase from previous day

Red: Decrease from previous day

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

Green Power – All aboard?

Greg Schnell, the” Canadian Technician” focuses on copper and copper stocks. Following is the link:

Green Power — All Aboard? | The Canadian Technician | StockCharts.com

 

Seasonality Chart of the Day from www.EquityClock.com

Copper, copper stocks and related ETFs (e.g.COPX and XBM.TO) have a history of reaching an important seasonal low on a real and relative basis at the end of September for an attractive seasonal trade to at least the end of the year and frequently to mid-February.

clip_image017

 

S&P 500 Momentum Barometers

clip_image018

The intermediate term Barometer added 6.41 to 56.71 yesterday. It remains Neutral.

clip_image019

The long term Barometer added 3.21 to 76.55 yesterday. It remains Overbought.

 

TSX Momentum Barometers

clip_image020

The intermediate term Barometer added 6.86 to 61.27 yesterday. It changed from Neutral to Overbought on a return back above 60.00.

clip_image021

The long term Barometer added 0.49 to 72.06 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.

Total
0
Shares
Previous Article

78 Justin Castelli on Personal Brand Building for Advisors & Onramp

Next Article

How Populism May Sway Policies in Emerging Markets

Related Posts
Subscribe to AdvisorAnalyst.com notifications
Watch. Listen. Read. Raise your average.