Tech Talk for Wednesday May 25th 2022

Technical Notes for yesterday

Amazon $AMZN an S&P 100 stock moved below $2048.11 extending an intermediate downtrend.

Long term U.S. Treasury SPDRs iShares $TLT moved above $118.89 completing a short term double bottom pattern. Seasonal influences are favourable to August 28^th. If a subscriber to www.EquityClock.com see seasonality chart at https://charts.equityclock.com/ishares-20-year-treasury-bond-etf-nasdtlt-seasonal-chart

Xcel Energy $XEL a NASDAQ 100 stock moved above $76.05 to an all-time high extending an intermediate uptrend. Seasonal influences are favourable to June 26^th. If a subscriber to www.EquityClock.com, see seasonality chart at https://charts.equityclock.com/xcel-energy-inc-nysexel-seasonal-chart

Fortis $FTS.TO a TSX 60 stock moved above $64.58 to an all-time high extending an intermediate uptrend.

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for May 24^th 2022

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for May 24^th 2022

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for May 24^th 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 investors

Tom Bowley says “A recession is at hand”.

A Recession is at Hand | Tom Bowley | Trading Places (05.24.22) – YouTube

Bruce Fraser summarizes “Anatomy of a bear market”.

Anatomy Of A Bear Market | Bruce Fraser | Your Daily Five (05.24.22) – YouTube

S&P 500 Momentum Barometers

The intermediate term Barometer added 2.00 to 21.44 yesterday. It remains Oversold.

The long term Barometer added 1.40 to 30.86 yesterday. It remains Oversold.

TSX Momentum Barometers

The intermediate term Barometer slipped 0.44 to 22.81 yesterday. It remains Oversold.

The long term Barometer added 3.07 to 37.28 yesterday. It remains Oversold and showing early signs of bottoming.

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.