by Don Vialoux, EquityClock.com
Â
Technical Notes from yesterday
Coca Cola $KO a Dow Jones Industrial Average stock moved below $62.58 completing a double top pattern.
Pepsico $PEP a NASDAQ 100 stock moved below $165.27 completing a double top pattern.
CVS Health $CVS an S&P 100 stock moved below $95.02 extending an intermediate downtrend.
Walgreens Boots $WBA a Dow Jones Industrial Average stock moved below $41.80 extending an intermediate downtrend.
Target $TGT an S&P 100 stock moved below $183.24 extending an intermediate downtrend. The company issued lower than consensus first quarter results.
Costco $COST an S&P100 stock moved below $467.54 extending an intermediate downtrend.
Lululemon $LULU a NASDAQ 100 stock moved below $278.00 extending an intermediate downtrend.
PACCAR $PCAR a NASDAQ 100 stock moved below $81.47 extending an intermediate downtrend.
Â
Traderâs Corner
Equity Indices and Related ETFs
Green: Increase from previous day
Red: Decrease from previous day
Â
Commodities
Daily Seasonal/Technical Commodities Trends for May 18th 2022
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for May 18th 2021
Green: Increase from previous day
Red: Decrease from previous day
Â
All seasonality ratings are based on performance relative to the S&P 500 Index (except TSX)
Â
Links from Valued Providers
Ari Wald, Technical Analyst from Oppenheimer says âThe bottom has not yet arrivedâ.
https://www.youtube.com/watch?v=46lzi82kezw
Â
Mark Bunting and www.uncommonsenseinvestor.com notes in an interview with John OâConnell âInvestors need to know this one key thingâ
https://www.youtube.com/watch?v=46lzi82kezw
Â
Mark Bunting and www.uncommonsenseinvestor.com asks âIs Elon Musk repeating the mistakes of Henry Fordâ?
Is Elon Musk Repeating the Mistakes of Henry Ford? â Uncommon Sense Investor
Â
Greg Schnell comments on âHow to discover a new rallyâ.
How to Discover a New Rally | Greg Schnell, CMT | Market Buzz (05.18.22) â YouTube
Â
S&P 500 Momentum Barometers
The intermediate term Barometer plunged 15.63 to 16.63 yesterday. It remains Oversold. Confirmation of a bottom has yet to arrive.
The long term Barometer dropped 7.82 to a new recent low at 28.26. It remains Oversold. Trend remains down.
Â
TSX Momentum Barometers
The intermediate term Barometer dropped 5.80 to 22.71 yesterday. It remains Oversold. Confirmation of a bottom has yet to arrive.
The long term Barometer fell 3.22 to 34.06 yesterday. It remains Oversold. Confirmation of a bottom has yet to arrive.
Â
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.