by Don Vialoux, EquityClock.com
Editor’s Note
Next Tech Talk is released on Monday despite being a holiday in Canada.
Technical Notes for yesterday
Consumer Staples SPDRs XLP moved below $71.02 extending an intermediate downtrend.
Procter & Gamble PG a Dow Jones Industrial Average stock moved below $142.33 extending an intermediate downtrend.
Travelers TRV a Dow Jones Industrial Average stock moved below $167.64 extending an intermediate downtrend.
Broadcom AVGO an S&P 100 stock moved below intermediate support at $553.40 and $546.33.
CDW CDW a NASDAQ 100 stock moved below $159.91 extending an intermediate downtrend.
Allstate ALL an S&P 100 stock moved below $125.43 extending an intermediate downtrend.
Trader’s Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for May 19th 2022
Green: Increase from previous day
Red: Decrease from previous day
Commodities
Daily Seasonal/Technical Commodities Trends for May 19th 2022
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for May 19th 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 offered by Valued Providers
Interview with Martin Armstrong
New Interview: Martin Armstrong on The Hrvoje Morić Show | Armstrong Economics
Greg Schnell discusses “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
The intermediate term Barometer slipped 2.00 to 14.63 yesterday. It remains Oversold. Trend remains down.
The long term Barometer slipped 0.60 to 27.66 yesterday. It remains Oversold, Trend remains down.
TSX Momentum Barometers
The intermediate term Barometer added 1.42 to 24.13 yesterday. It remains Oversold.
The long term Barometer added 1.90 to 35.96 yesterday. It remains Oversold.
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.