by Don Vialoux, EquityClock.com
Technical Notes for yesterday
CGI Group $GIB.A.TO a TSX 60 stock moved above Cdn$105.50 completing a base building pattern.
Electronic Arts $EA a NASDAQ 100 stock moved above $129.72 setting an intermediate uptrend.
Semiconductor equities and related ETFs $SOXX and $SMH led the advance by the technology sector. Nice short term double bottom pattern by Micron $MU a NASDAQ 100 stock above $73.90 setting an uptrend!
Bristol-Myers $BMY an S&P 100 stock moved above $78.17 to an all-time high extending an intermediate uptrend. The stock has a history of moving higher prior to the annual ASCO conference in early June when the company update its research for various cancer treatments.
AT&T $T an S&P 100 stock moved above $20.46 extending an intermediate uptrend. Seasonal influences are favourable to July 5th. If a subscriber to EquityClock, see seasonality chart at https://charts.equityclock.com/att-inc-nyset-seasonal-chart
Walmart $WMT a Dow Jones Industrial stock moved below $131.03 setting an intermediate downtrend. The stock responded to lower than consensus first quarter earnings.
Koenig Dr. Pepper $KDP a NASDAQ 100 stock moved below $35.75 extending an intermediate downtrend.
Trader’s Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for May 17th 2022
Green: Increase from previous day
Red: Decrease from previous day
Commodities
Daily Seasonal/Technical Commodities Trends for May 17th 2022
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for May 17th 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 added 9.82 to 32.25 yesterday. It remains Oversold, but has started to trend higher.
The long term Barometer added 3.01 to 36.07 yesterday. It remains oversold, but has started to trend higher.
TSX Momentum Barometers
The intermediate term Barometer added 2.52 to 28.51 yesterday. It remains Oversold, but has started to trend higher.
The long term Barometer gained 2.48 to 37.28 yesterday. It remains Oversold, but has started to trend higher.
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.
