by Don Vialoux, EquityClock.com
Technical Notes released yesterday at
Solar ETF $TAN moved above $77.81 extending an intermediate uptrend.
Soybean ETN $SOYB moved above $28.07 extending an intermediate uptrend.
The spread between the performance of this quarter’s winners and this quarter’s losers has narrowed as quarter-end mean reversion progresses. equityclock.com/2022/03/22/… $IVE $IVW $STUDY
ConocoPhillips $COP an S&P 100 stock moved above $104.44 to an all-time high extending an intermediate uptrend. Seasonal influences are favourable to June 11th. If a subscriber to EquityClock, see seasonality chart at https://charts.equityclock.com/conocophillips-nysecop-seasonal-chart
Canadian Natural Resource $CNQ.CA a TSX 60 stock moved above Cdn$78.74 extending an intermediate uptrend. Seasonal influences are favourable to April 12th. If a subscriber to EquityClock, see seasonality chart at https://charts.equityclock.com/canadian-natural-resources-limited-tsecnq-seasonal-chart
Intel $INTC a Dow Jones Industrial Average stock moved above $48.99 completing a double bottom pattern.
Trader’s Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for March 23rd 2022
Green: Increase from previous day
Red: Decrease from previous day
Commodities
Daily Seasonal/Technical Commodities Trends for March 23rd 2022
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for March 23rd 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)
Links from valued providers
Thank you to Mark Bunting and www.uncommonsenseinvestor.com for the following links:
Still Bullish Yardeni Says Tech Stocks Are "Awfully Cheap" – Uncommon Sense Investor
Is the Fed Leading the Economy Straight Into a Recession? – Uncommon Sense Investor
Greg Schnell discusses “Searching for crypto setups”.
Searching For Crypto Setups | Greg Schnell, CMT | Market Buzz (03.23.22) – YouTube
S&P 500 Momentum Barometers
The intermediate term Barometer dropped 9.02 to 48.90 yesterday. It remains Neutra.
The long term Barometer slipped 4.41 to 47.70 yesterday. It remains Neutral.
TSX Momentum Barometers
The intermediate term Barometer dropped 5.50 to 70.69 yesterday. It is Overbought and showing early signs of rolling over.
The long term Barometer eased 2.44 to 64.22 yesterday. It is Overbought and showing early signs of rolling over.
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.
