by Don Vialoux, EquityClock.com
Technical Notes released yesterday at
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
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
Equal Weight S&P 500 ETF $RSP moved above $162.33 to an all-time high extending an intermediate uptrend.
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
U.S. Telecom iShares $IYZ moved above intermediate resistance at $33.22.
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
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
Wallgreens Boots $WBA a Dow Jones Industrial Average stock moved above $51.17 and $51.43 resuming an intermediate uptrend. Seasonal influences are favourable to near the end of March. If a subscriber to EquityClock, see seasonality chart at https://charts.equityclock.com/walgreen-company-nysewag-seasonal-chart
CSX Corp.$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
Walt Disney $DIS a Dow Jones Industrial Average stock moved above $154.66 completing a double bottom pattern.
Trader’s Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for Dec.28th 2021
Green: Increase from previous day
Red: Decrease from previous day
Commodities
Daily Seasonal/Technical Commodities Trends for Dec.28th 2021
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for Dec.28th 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)
S&P 500 Momentum Barometer
The intermediate term Barometer added 1.20 to 71.14 yesterday. It remains Overbought. Trend is up.
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.