Tech Talk for Thursday May 19th 2022

by Don Vialoux, EquityClock.com

 

Technical Notes from yesterday

Coca Cola $KO a Dow Jones Industrial Average stock moved below $62.58 completing a double top pattern.

clip_image001

Pepsico $PEP a NASDAQ 100 stock moved below $165.27 completing a double top pattern.

clip_image002

CVS Health $CVS an S&P 100 stock moved below $95.02 extending an intermediate downtrend.

clip_image003

Walgreens Boots $WBA a Dow Jones Industrial Average stock moved below $41.80 extending an intermediate downtrend.

clip_image004

Target $TGT an S&P 100 stock moved below $183.24 extending an intermediate downtrend. The company issued lower than consensus first quarter results.

clip_image005

Costco $COST an S&P100 stock moved below $467.54 extending an intermediate downtrend.

clip_image006

Lululemon $LULU a NASDAQ 100 stock moved below $278.00 extending an intermediate downtrend.

clip_image007

PACCAR $PCAR a NASDAQ 100 stock moved below $81.47 extending an intermediate downtrend.

clip_image008

 

Trader’s Corner

Equity Indices and Related ETFs

clip_image010

Green: Increase from previous day

Red: Decrease from previous day

 

Commodities

Daily Seasonal/Technical Commodities Trends for May 18th 2022

clip_image012

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for May 18th 2021

clip_image014

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

Ari Wald, Technical Analyst from Oppenheimer says “The bottom has not yet arrived”.

https://www.youtube.com/watch?v=46lzi82kezw

 

Mark Bunting and www.uncommonsenseinvestor.com notes in an interview with John O’Connell “Investors need to know this one key thing”

https://www.youtube.com/watch?v=46lzi82kezw

 

Mark Bunting and www.uncommonsenseinvestor.com asks “Is Elon Musk repeating the mistakes of Henry Ford”?

Is Elon Musk Repeating the Mistakes of Henry Ford? – Uncommon Sense Investor

 

Greg Schnell comments on “How to discover a new rally”.

How to Discover a New Rally | Greg Schnell, CMT | Market Buzz (05.18.22) – YouTube

 

S&P 500 Momentum Barometers

clip_image015

The intermediate term Barometer plunged 15.63 to 16.63 yesterday. It remains Oversold. Confirmation of a bottom has yet to arrive.

clip_image016

The long term Barometer dropped 7.82 to a new recent low at 28.26. It remains Oversold. Trend remains down.

 

TSX Momentum Barometers

clip_image017

The intermediate term Barometer dropped 5.80 to 22.71 yesterday. It remains Oversold. Confirmation of a bottom has yet to arrive.

clip_image018

The long term Barometer fell 3.22 to 34.06 yesterday. It remains Oversold. Confirmation of a bottom has yet to arrive.

 

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.

Total
0
Shares
Previous Article

Want to De-Risk? Look to High Yield

Next Article

Biden in Asia: Sending a Message to China

Related Posts
Subscribe to AdvisorAnalyst.com notifications
Watch. Listen. Read. Raise your average.