Tech Talk for Wednesday December 29th 2021

by Don Vialoux, EquityClock.com

 

Technical Notes released yesterday at

StockTwits.com@EquityClock

Mexico iShares $EWW moved above $50.79 extending an intermediate uptrend. Seasonal influences are favourable to early February and frequently to mid-April. If a subscriber to EquityClock, see seasonality chart at https://charts.equityclock.com/ishares-msci-mexico-capped-etf-nyseeww-seasonal-chart

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Taiwan iShares $EWT moved above $66.81 to an all-time high extending an intermediate uptrend. Seasonal influences are strongly favourable between now and mid-April. If a subscriber to EquityClock, see seasonality chart at https://charts.equityclock.com/ishares-msci-taiwan-etf-nyseewt-seasonal-chart

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Equal Weight S&P 500 ETF $RSP moved above $162.33 to an all-time high extending an intermediate uptrend.

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Semi-conductor ETF $SMH moved above $317.12 to an all-time high extending an intermediate uptrend. Seasonal influences are favourable between now and late April. If a subscriber to EquityClock, see seasonality chart at https://charts.equityclock.com/vaneck-vectors-semiconductor-etf-nysesmh-seasonal-chart

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U.S. Telecom iShares $IYZ moved above intermediate resistance at $33.22.

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Materials SPDRs $XLB moved above $89.72 to an all-time high extending an intermediate uptrend. Seasonal influences are favourable to early May. If a subscriber to EquityClock, see seasonality chart at https://charts.equityclock.com/materials-select-sector-spdr-fund-nysexlb-seasonal-chart

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Colgate Palmolive $CL an S&P 100 stock moved above $84.27 and $84.48 extending an intermediate uptrend. Seasonal influences are favourable to the end of March. If a subscriber to EquityClock, see seasonality chart at https://charts.equityclock.com/colgate-palmolive-company-nysecl-seasonal-chart

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Wallgreens Boots $WBA a Dow Jones Industrial Average stock moved above $51.17 and $51.43 resuming an intermediate uptrend. Seasonal influences are favourable to near the end of March. If a subscriber to EquityClock, see seasonality chart at https://charts.equityclock.com/walgreen-company-nysewag-seasonal-chart

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CSX Corp.$CSX a NASDAQ 100 stock moved above $37.35 to an all-time high extending an intermediate uptrend. Seasonal influences are favourable to May. If a subscriber to EquityClock, see seasonality chart at https://charts.equityclock.com/csx-corporation-nysecsx-seasonal-chart

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Walt Disney $DIS a Dow Jones Industrial Average stock moved above $154.66 completing a double bottom pattern.

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Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for Dec.28th 2021

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Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for Dec.28th 2021

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Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for Dec.28th 2021

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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)

 

S&P 500 Momentum Barometer

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The intermediate term Barometer added 1.20 to 71.14 yesterday. It remains Overbought. Trend is up.

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The long term Barometer added 0.20 to 74.15 yesterday. It remains Overbought. Trend is up.

 

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.

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