Technical Notes for yesterday
Micron $MU a NASDAQ 100 stock moved above $74.73 completing a double bottom pattern.
Platinum ETN $PPLT moved above $93.20 setting an intermediate uptrend.
IBM $IBM a Dow Jones Industrial Average stock moved above $140.18 to a 9 year high extending an intermediate uptrend.
Trader’s Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for June 1st 2022
Green: Increase from previous day
Red: Decrease from previous day
Commodities
Daily Seasonal/Technical Commodities Trends for June 1st 2022
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for June 1st 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
Links from Mark Bunting and www.uncommonsenseinvestor.com
Rare Opportunity in Five Large Cap Growth Stocks – Uncommon Sense Investor
Two Market Scenarios: "Battling the Bear" or "Ripping Off the Band-Aid" – Uncommon Sense Investor
Market Watch comment
Greg Schnell says “Market technicals at critical levels.”
Market Technicals at Critical Levels | Greg Schnell, CMT | Market Buzz (06.01.22) – YouTube
S&P 500 Momentum Barometers
The intermediate term Barometer dropped 6.41 to 33.47 yesterday. It remains Oversold.
The long term Barometer slipped 2.61 to 34.67 yesterday. It remains Oversold.
TSX Momentum Barometers
The intermediate term Barometer slipped 0.74 to 31.86 yesterday. It remains Oversold.
The long term Barometer added 0.61 to 39.38 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.
