by Don Vialoux, EquityClock.com
Technical Notes released yesterday at
Bond prices gain following a weaker than expected read of inflation. Find out what seasonal tendencies have to say about when this rising trend in the bond market will come to an end in today’s report. equityclock.com/2021/09/14/… $TLT $IEF $SHY $TBT
Gasoline ETN $UGA moved above $37.78 extending an intermediate uptrend.
Hong Kong iShares $EWH moved below $25.26 completing a Head & Shoulders pattern.
Starbucks $SBUX an S&P 100 stock moved below $113.61 completing a double top pattern.
Qualcomm $QCOM an S&P 100 stock moved below intermediate support at $138.32 setting an intermediate downtrend.
Trader’s Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for September 15th 2021
Green: Increase from previous day
Red: Decrease from previous day
Commodities
Daily Seasonal/Technical Commodities Trends for September 15th 2021
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for September 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
Notes from Mark Bunting and www.uncommonsenseinvestor.com
Eight Extreme Charts to Make You Question Your Assumptions – Uncommon Sense Investor
12 New Quotes From Billionaire Investor Howard Marks – Uncommon Sense Investor
Market Buzz
Greg Schnell looks at the Retail sector. This education video is entitled, “Out with the old, in with the new: finding winning stocks”. Following is a link:
Out With The Old, In With The New (Finding Winning Stocks) | Greg Schnell, CMT (09.15.21) – YouTube
Seasonality Chart of the Day from www.EquityClock.com
Seasonal influences for copper turn positive at the beginning of October.
On the charts, copper futures recorded an intermediate bottom in the third week in August. Technical action has been encouraging prior to start of its period of seasonal strength: Strength relative to the S&P 500 Index turned positive earlier this week, short term momentum indicators are trending higher and prices moved above their 20 and 50 day moving average yesterday.
S&P 500 Momentum Barometers
The intermediate term Barometer added 7.82 to 56.71 yesterday. It remains Neutral.
The long term Barometer gained 1.80 to 75.55 yesterday. It remains Overbought.
TSX Momentum Barometers
The intermediate term Barometer added 1.47 to 62.25 yesterday. It remains Overbought.
The long term Barometer was unchanged yesterday at 70.59. 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.
