by Don Vialoux, EquityClock.com
Technical Notes released yesterday at
NXP Semiconductor $NXPI a NASDAQ 100 stock moved above $228.12 to an all-time high extending an intermediate uptrend.
Microchip Technologies $MCHP a NASDAQ 100 stock moved above $87.28 to an all-time high extending an intermediate uptrend.
Comcast $CMCSA an S&P 100 stock moved below $49.80 extending an intermediate downtrend.
Salesforce $CRM a Dow Jones Industrial Average stock moved below $266.14 and $252.19 setting an intermediate downtrend.
Wallgreens Boots $WBA an S&P 100 stock moved below $44.22 resuming an intermediate downtrend.
Ross Stores $ROST a NASDAQ 100 stock moved below $104.92 extending an intermediate downtrend.
Vietnam iShares $VNM moved above $20.95 to an all-time high extending an intermediate uptrend. Other Far East markets also are moving higher and outperforming the S&P 500 Index including $SSEC and $EWT
Vertex $VRTX a NASDAQ 100 stock moved above intermediate resistance at $204.88
Agnico-Eagle $AEM.CA a TSX 60 stock moved below Cdn$61.94 extending an intermediate downtrend.
Trader’s Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for Dec.1 2021
Green: Increase from previous day
Red: Decrease from previous day
Commodities
Daily Seasonal/Technical Commodities Trends for Dec.1 2021
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for Dec.1 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).
Links offered by Valued Providers
Thank you to Mark Bunting and www.uncommonsenseinvestor.com for links to the following:
Why J.P. Morgan Believes Oil Could Hit $150 – Uncommon Sense Investor
Greg Schnell discusses “A walk around the world stock exchanges”. Following is the link:
A Walk Around The World Stock Exchanges | Greg Schnell, CMT | Market Buzz (12.01.21) – YouTube
S&P 500 Momentum Barometers
The intermediate term Barometer dropped another 7.21 to 29.26 yesterday. It remains Oversold, but has yet to show signs of bottoming.
The long term Barometer dropped another 3.61 to 53.91 yesterday. It remains Neutral and continues to trend lower.
TSX Momentum Barometers
The intermediate term Barometer dropped another 7.83 to 22.12 yesterday. It remains Oversold, but has yet to show signs of bottoming.
The long term Barometer dropped another 8.29 to 47.00 yesterday. It remains Neutral and continues to trend 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.
