by Don Vialoux, EquityClock.com
Editor’s Note
Although Monday is a holiday (Thanksgiving) in Canada and a partial holiday in the U.S., Tech Talk will appear as usual.
Technical Notes released yesterday at
Dow Jones Industrial Average $DJIA moved above its 20 day moving average at 34,466.92 and its 50 day moving average at 34,917.24
S&P/TSX Composite Index $TSX moved above its 20 day moving average at 20,359.79 and its 50 day moving average at 20,446.02
An encouraging technical sign for the base metals sector! Rio Tinto $RIO, the world’s largest base metals producer moved above $67.91 completing a short term double bottom pattern.
Access to seasonality charts is available for subscribers to www.EquityClock.com
Base Metals iShares XBM.CA moved above Cdn$17.35 completing a short term double bottom pattern.
Access to seasonality charts is available for subscribers to www.EquityClock.com
Financial SPDRs $XLF moved above $38.87 to an all-time high extending an intermediate uptrend.
Access to seasonality charts is available for subscribers to www.EquityClock.com
Paychex $PAYX a NASDAQ 100 stock moved above $118.22 to an all-time high extending an intermediate uptrend.
Access to seasonality charts is available for subscribers to www.EquityClock.com
Ford $F an S&P 100 stock moved above intermediate resistance at $14.79 .
Access to seasonality charts is available for subscribers to www.EquityClock.com
Enbridge $ENB.CA a TSX 60 stock moved above Cdn$51.34 to an all-time high extending an intermediate uptrend.
Access to seasonality charts is available for subscribers to www.EquityClock.com
Trader’s Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for Oct.7 2021
Green: Increase from previous day
Red: Decrease from previous day
Commodities
Daily Seasonal/Technical Commodities Trends for Oct.7 2021
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for Oct.7 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
(except TSX)
S&P 500 Momentum Barometers
The intermediate term Barometer added 6.81 to 42.49 yesterday. It changed from Oversold to Neutral on the move above 40.00, but is trending up.
The long term Barometer added 2.00 to 71.14 yesterday. It remains Overbought.
TSX Momentum Barometers
The intermediate term Barometer added 4.81 to 40.00 yesterday. It changed from Oversold to Neutral on a recovery to 40.00, but is trending higher.
The long term Barometer slipped 0.18 to 61.40 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.
