by Don Vialoux, EquityClock.com
Technical Notes released yesterday at
A weak February for vehicle sales in the US presents neither a bullish nor bearish backdrop to stocks in the auto industry. equityclock.com/2022/03/02/… $CARZ $F $GM $TM $HMC $TSLA
Agribusiness ETF $MOO moved above $98.48 to an all-time high extending an intermediate uptrend.
BMO Equal Weight Base Metals ETF $ZMT.CA moved above $64.64 to an all-time high extending an intermediate uptrend.
Verizon $VZ a Dow Jones Industrial Average stock moved above $54.83 extending an intermediate uptrend.
Union Pacific $UNP an S&P 100 stock moved above $254.86 to an all-time high extending an intermediate uptrend. Seasonal influences are favourable to the end of May. If a subscriber to EquityClock, see seasonality chart at https://charts.equityclock.com/union-pacific-corporation-nyseunp-seasonal-chart
Berkshire Hathaway $BRK.B an S&P 100 stock moved above $325.63 to an all-time high extending an intermediate uptrend.
Kinder Morgan $KMI an S&P 100 stock moved above $18.41 to a two year high extending an intermediate uptrend.
Trader’s Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for March 3rd 2022
Green: Increase from previous day
Red: Decrease from previous day
Commodities
Daily Seasonal/Technical Commodities Trends for March 3rd 2022
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for March 3rd 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 Barometers
The intermediate term Barometer slipped 1.20 to 35.47 yesterday. It remains Oversold.
The long term Barometer eased 0.20 to 46.69 yesterday. It remains Neutral.
TSX Momentum Barometers
The intermediate term Barometer eased 0.08 to 58.41 yesterday. It remains Neutral.
The long term Barometer gained 1.69 to 60.18 yesterday. It changed from Neutral to Overbought on a move 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.