by Don Vialoux, EquityClock.com
Technical Notes released yesterday at
Home Builders SPDRs $XHB moved above $85.13 to an all-time high extending an intermediate uptrend.
Intel $INTC a Dow Jones Industrial Average stock moved above $85.13 completing a double bottom pattern. Responding to news of a partial spin off of Mobileye.
BHP Billiton $BHP one of the world’s largest base metal producers moved above $58.46 completing a double bottom pattern. Seasonal influences on a real and relative basis are favourable between now and mid-April. If a subscriber to EquityClock, see: charts.equityclock.com/bhp-…
Restaurant Brands International $QSR.CA a TSX 60 stock moved above Cdn$75.25 completing a double bottom pattern.. Seasonal influences on a real and relative basis are favourable to the end of February. If a subscriber to EquityClock, see:charts.equityclock.com/rest…
Bitcoin is pressuring long-term rising trendline support, a level that warrants scrutiny to assure that the prospect of a double-top below $65,000 does not materialize. equityclock.com/2021/12/06/… $BTC.X $BTC $GBTC $BTC_F
Fiserv $FISV a NASDAQ 100 stock moved above $104.77 completing a double bottom pattern. Seasonal influences on a real and relative basis are favourable to the end of February. If a subscriber to EquityClock, see: https://charts.equityclock.com/fiserv-inc-nasdaqfisv-seasonal-chart
Starbucks $SBUX a Dow Jones Industrial Average stock moved above $116.97 resuming an intermediate uptrend. Seasonal influences on a real and relative basis are favourable until late April. If a subscriber to EquityClock, see: charts.equityclock.com/star…
Trader’s Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for Dec.7th 2021
Green: Increase from previous day
Red: Decrease from previous day
Commodities
Daily Seasonal/Technical Commodities Trends for Dec.7th 2021
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for Dec.7th 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
Base metal ETFs and stocks like Billiton have just entered into a real and relative period of seasonal strength lasting to mid-April
S&P 500 Momentum Barometers
The intermediate term Barometer added another 12.02 to 63.13 yesterday. It changed from Neutral to Overbought on a move above 60.00.
The long term Barometer gained another 3.41 to 69.94 yesterday. It remains Overbought.
TSX Momentum Barometers
The intermediate term Barometer added 6.28 to 43.78 yesterday. It changed from Oversold to Neutral on a move above 40.00.
The long term Barometer added 2.97 to 58.53 yesterday. It remains Neutral.
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.
