Tech Talk for Thursday November 11th 2021

by Don Vialoux, EquityClock.com

 

Technical Notes released yesterday at

StockTwits.com@EquityClock

Real return of long-term treasury bonds at the lowest level since May of 1980, but this just bodes well for stocks as investors are pushed further out on the risk spectrum. equityclock.com/2021/11/09/… $TLT $TBT $IEF $TYX $BLV

clip_image001

Natural Gas ETN $UNG moved below $17.13 and $16.49 completing a Head & Shoulders pattern. "Gassy" stocks and related ETFs (e.g. $FCG) are sharply lower.

clip_image002

Biotech NASD iShares $IBB moved below $153.38 extending an intermediate downtrend.

clip_image003

Zoom Video $ZM a NASDAQ 100 stock moved below $250.11 extending an intermediate downtrend

clip_image004

Procter & Gamble $PG a Dow Jones Industrial Average stock moved above $146.32 to an all-time high extending an intermediate uptrend.

clip_image005

Gold bullion ETN $GLD moved above $171.52 completing a reverse Head & Shoulders pattern.

clip_image006

Silver bullion ETN $SLV moved above $22.98 and $23.04 completing a reverse Head & Shoulders pattern.

clip_image007

Platinum ETN $PPLT moved above $100.45 extending an intermediate uptrend.

clip_image008

Gold equity ETF $GDX moved above $33.95 completing a reverse Head & Shoulders pattern.

clip_image009

Silver equity ETF $SIL moved above $41.67 completing a reverse Head & Shoulders pattern

clip_image010

Gold iShares $XGD.CA moved above Cdn$18.32 and Cdn$18.45 completing a reverse Head & Shoulders pattern

clip_image011

Barrick Gold $ABX.CA a TSX 60 stock moved above Cdn$24.72 completing a double bottom pattern

clip_image012

Wheaton Precious Metals $WPM a TSX 60 stock moved above US$42.63 setting an intermediate uptrend.

clip_image013

 

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for Nov.10th 2021

clip_image015

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for Nov.10th 2021

clip_image017

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for Nov.10th 2021

clip_image019

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).

 

Market Buzz

Greg Schnell discusses “the art of selling your stock”. Following is a link:

https://www.youtube.com/watch?v=bsJHiLLH82I

 

S&P 500 Momentum Barometers

clip_image020

The intermediate term Barometer added 1.40 to 74.55 yesterday. It remains Overbought and continues to trend higher.

clip_image021

The long term Barometer added 0.60 to 76.75 yesterday. It remains Overbought and continues to trend higher.

 

TSX Momentum Barometers

clip_image022

The intermediate term Barometer dropped 3.83 to 72.25 yesterday. It remains Overbought.

clip_image023

The long term Barometer added 1.44 to 72.73 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

Charting The Stock Market “Melt Up,” & The Fed’s Naivety

Next Article

Changing Our Call on the Social Spending Bill and Fed Policy

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