by Don Vialoux, EquityClock.com
Technical Notes released yesterday at
Incyte $INCY a NASDAQ 100 stock moved above intermediate resistance at $69.06.
eBay $EBAY a NASDAQ 100 stock moved below $70.55 completing a double top pattern
Moderna $MRNA a NASDAQ 100 stock moved above intermediate resistance at $356.77
Lam Research $LRCX a NASDAQ 100 stock moved above $670.81 to an all-time high extending an intermediate uptrend.
Canopy Growth $WEED.CA a TSX 60 stock moved below Cdn$14.08 extending an intermediate downtrend.
Enbridge $ENB.CA a TSX 60 stock moved below $48.72 setting an intermediate downtrend.
Rogers Communications $RCI a TSX 60 stock moved below US$45.20 extending an intermediate downtrend.
Trader’s Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for Nov.29th 2021
Green: Increase from previous day
Red: Decrease from previous day
Commodities
Daily Seasonal/Technical Commodities Trends for Nov.29th 2021
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for Nov.29th 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).
Seasonality Chart of the Day from www.EquityClock.com
Seasonal influences for Biotech ETFs (IBB, BBH, FBT) are favourable between now and the middle of January in anticipation of news on new products released at the annual JP Morgan Healthcare conference in San Francisco: This year from January 10th to January 13th 2022.
Biotech ETFs (e.g., IBB) show early signs of technical strength: Momentum has turned higher, units moved above their 20 day MA yesterday and relative strength has just turned positive.
S&P 500 Momentum Barometers
The intermediate term Barometer added 3.81 to 56.51 yesterday. It remains Neutral.
The long term Barometer added 0.61 to 66.13 yesterday. It remains Overbought.
TSX Momentum Barometers
The intermediate term Barometer added 0.21 to 44.91 yesterday. It remains Neutral.
The long term Barometer added 0.74 to 60.65 yesterday. It changed from Neutral to Overbought on a return above 60.00.
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.
