Technical Notes for yesterday
Biogen $BIIB a NASDAQ 100 stock moved above $208.49 setting an intermediate uptrend.
Zoom $ZM a NASDAQ 100 stock moved above $116.90 resuming an intermediate uptrend.
First Trust Natural Gas ETF $FCG moved below intermediate support at $22.78.
Uranium ETF $URA moved below $18.60 extending an intermediate downtrend.
Copper Miners ETF $COPX moved below $23.93 setting an intermediate downtrend. Most of the weakness came from Rio Tinto $RIO on a move below $63.17, Vale $VALE on a move below $14.52 and Southern Copper $SCCO on a move below $52.80.
Metro $MRU.TO a TSX 60 stock moved below $65.76 extending an intermediate downtrend.
Trader’s Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for June 22nd 2022
Green: Increase from previous day
Red: Decrease from previous day
Commodities
Daily Seasonal/Technical Commodities Trends for June 22nd 2022
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for June 22nd 2021
Green: 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
Greg Schnell discusses “An investor’s look back for 2022”
An Investors Look Back For 2022 | The Canadian Technician | StockCharts.com
Greg Schnell discusses “My favourite indicator: Percent Price Oscillator”
Hedgeye’s newest long idea: an investment in China
How The Hedgeye #Process Found Our Newest Long Idea – YouTube
S&P 500 Momentum Barometers
The intermediate term Barometer added 0.60 to 5.80 yesterday. It remains Oversold. Technical sign of a bottom has arrived.
The long term Barometer added 0.20 to 17.40 yesterday. It remains Oversold. Technical sign of a bottom has arrived.
TSX Momentum Barometers
The intermediate term Barometer eased 4.18 to 7.11 yesterday. It remains Oversold.
The long term Barometer slipped 1.67 to 24.69 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.
