by Don Vialoux, EquityClock.com
Technical Notes released yesterday at
Turkey iShares $TUR moved below $20.43 extending an intermediate downtrend.
Solar ETF $TAN moved below $92.34 completing a double top pattern.
Technology sector ETF charting an outside reversal candlestick precisely around the upper limit to its rising trading range. equityclock.com/2021/11/22/… $XLK $VGT $QQQ
CSX Corp $CSX a NASDAQ 100 stock moved above $36.45 extending an intermediate uptrend.
DocuSign $DOCU a NASDAQ 100 stock moved below $241.95 extending an intermediate downtrend.
Check Point $CHKP a NASDAQ 100 stock moved below $112.57 extending an intermediate downtrend
Pembina Pipeline $PPL.CA a TSX 60 stock moved below $40.15 completing a double top pattern.
Restaurant Brands International $QSR.CA a TSX 60 stock moved above $74.66 completing a double bottom pattern
Trader’s Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for Nov.23rd 2021
Green: Increase from previous day
Red: Decrease from previous day
Commodities
Daily Seasonal/Technical Commodities Trends for Nov.23rd 2021
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for Nov.23rd 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
Greg Schnell discusses “Finding entries in Steels and Miners”. Following is a link:
Finding Entries In Steel And Miners | Greg Schnell, CMT (11.23.21) – YouTube
Seasonality chart of the day from www.EquityClock.com
Seasonal influence on a real and relative basis for the Metals and Mining SPDRs turns positive near the end of November for a seasonal trade lasting until at least mid-February.
Price chart shows an intermediate uptrend. Units recently touched an all-time high. Strength relative to the S&P 500 has just turned positive. Units recently bounced from their 50 day moving average Short term momentum indicators (Stochastics, RSI, MACD) are turning higher.
S&P 500 Momentum Barometers
The intermediate term Barometer added 3.61 to 68.34 yesterday. It remains Overbought.
The long term Barometer gained 1.00 to 73.75 yesterday. It remains Overbought.
TSX Momentum Barometers
The intermediate term Barometer added 0.53 to 62.21 yesterday. It remains Overbought.
The long term Barometer dropped 3.71 to 64.98 yesterday. It remains Overbought and trending down.
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.
