by Don Vialoux, EquityClock.com
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Technical Notes released yesterday at
Inflationary pressures are starting to become out of control as consumers are being forced to pay more for a wide range of goods. equityclock.com/2021/11/10/ā¦ $TLT $GLD $GDX $TIPS $STUDY $MACRO #Economy #CPI
U.S. Dollar Index ETN $UUP moved above $25.39 extending an intermediate uptrend. Conversely, the Canadian Dollar relative to the U.S. Dollar is sharply lower.
BMO Emerging Markets ETF $ZEM.CA moved above Cdn$23.72 completing a double bottom pattern.
Agnico-Eagle $AEM.CA a TSX 60 stock moved above Cdn$72.71 completing a double bottom pattern.
Royal Bank $RY.CA a TSX 60 stock moved above $133.14 and $133.25 to an all-time high extending an intermediate uptrend.
NetEase $NTES a NASDAQ 100 stock moved above $107.97 extending an intermediate uptrend. Seasonal influences are favourable on a real and relative basis until at least December 20th. If a subscriber to EquityClock, see:charts.equityclock.com/neteā¦
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Traderās Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for Nov.11th 2021
Green: Increase from previous day
Red: Decrease from previous day
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Commodities
Daily Seasonal/Technical Commodities Trends for Nov.11th 2021
Green: Increase from previous day
Red: Decrease from previous day
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Sectors
Daily Seasonal/Technical Sector Trends for Nov.11th 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).
Your Daily Five
āProfit opportunities off the radarā by Greg Schnell Following is a link:
https://www.youtube.com/watch?v=kNGHbVbyDLE
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S&P 500 Momentum Barometer
The intermediate term Barometer slipped 1.20 to 73.35 yesterday. It remains Overbought.
The long term Barometer slipped 0.80 to 75.85 yesterday. It remains Overbought.
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TSX Momentum Barometer
The intermediate Barometer added 2.39 to 74.64 yesterday. It remains Overbought.
The long term Barometer gained 3.35 to 76.08 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.
