Broadly based U.S. equity indices (i.e. S&P 500 Index, Dow Jones Industrial Average, Dow Jones Transportation Average., Russell 2000 Index, NASDAQ Composite Index) and their related Exchange Traded Funds moved above their 20 day moving average.
Microsoft $MSFT a Dow Jones Industrial Average stock moved above $268.30 completing an intermediate reversal pattern.
Alphabet $GOOG moved above $2,387.87 completing a double bottom pattern.
DexCom $DXCM a NASDAQ 100 stock moved above $81.24 completing a double bottom pattern.
Vertex Pharmaceutical $VRTX a NASDAQ 100 stock moved above $275.83 extending an intermediate uptrend.
CCL Industries $CCL.B.TO a TSX 60 stock moved above Cdn$62.07 extending an intermediate uptrend.
Trader’s Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for July 7th 2022
Green: Increase from previous day
Red: Decrease from previous day
Commodities
Daily Seasonal/Technical Commodities Trends for July 7th 2022
![clip_image002[5]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2022/07/clip_image0025.png "clip_image002[5]")
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for July 7th 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 a valued provider
Greg Schnell discusses the “oil down, tech up”rotation
Oil Down, Tech Up | Greg Schnell, CMT | Market Buzz (07.06.22) – YouTube
S&P 500 Momentum Barometers
The intermediate term Barometer added 2.20 to 29.00 yesterday. It remains Oversold, Trend is up.
The long term Barometer added 1.60 to 23.20 yesterday. It remains Oversold.
TSX Momentum Barometers
The intermediate term Barometer added 5.54 to 23.53 yesterday. It remains Oversold. Trend is up.
The long term Barometer added 5.14 to 27.31 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.
