Tech Talk for Friday March 4th 2022

by Don Vialoux, EquityClock.com

 

Technical Notes released yesterday at

StockTwits.com@EquityClock

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

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Agribusiness ETF $MOO moved above $98.48 to an all-time high extending an intermediate uptrend.

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BMO Equal Weight Base Metals ETF $ZMT.CA moved above $64.64 to an all-time high extending an intermediate uptrend.

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Verizon $VZ a Dow Jones Industrial Average stock moved above $54.83 extending an intermediate uptrend.

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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

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Berkshire Hathaway $BRK.B an S&P 100 stock moved above $325.63 to an all-time high extending an intermediate uptrend.

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Kinder Morgan $KMI an S&P 100 stock moved above $18.41 to a two year high extending an intermediate uptrend.

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Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for March 3rd 2022

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Green: Increase from previous day

Red: Decrease from previous day

 

Commodities

Daily Seasonal/Technical Commodities Trends for March 3rd 2022

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Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for March 3rd 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 Barometers

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The intermediate term Barometer slipped 1.20 to 35.47 yesterday. It remains Oversold.

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The long term Barometer eased 0.20 to 46.69 yesterday. It remains Neutral.

 

TSX Momentum Barometers

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The intermediate term Barometer eased 0.08 to 58.41 yesterday. It remains Neutral.

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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.

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