Technical Notes for yesterday
Visa $V a Dow Jones Industrial Average stock moved above $207.09 setting an intermediate uptrend.
Boeing $BA a Dow Jones Industrial Average stock moved above $39.01 extending an intermediate uptrend. Goldman Sachs upgraded the stock to Buy. Also, China re-approved the MAX aircraft.
Kraft Heinz $KHC an S&P 100 stock moved above $39.01 extending an intermediate uptrend.
CVS Health $CVS an S&P 100 stock moved above $95.95 extending an intermediate uptrend.
Gildan Activewear $GIL.TO a TSX 60 stock moved below $34.82 extending an intermediate downtrend.
Lithium ETN $LIT moved below intermediate support at $66.10.
Traderās Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for July 12th 2022
Green: Increase from previous day
Red: Decrease from previous day
Commodities
Daily Seasonal/Technical Commodities Trends for July 12th 2022
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for July 12th 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)
Editorās Note: General weakness yesterday is related to exceptional strength in the U.S. Dollar Index and its related Exchange Traded Note: UUP
S&P 500 Momentum Barometers
The intermediate term Barometer dropped 5.20 to 21.20 yesterday. It remains Oversold.
The long term Barometer slipped 1.40 to 21.00 yesterday. It remains Oversold.
TSX Momentum Barometers
The intermediate term Barometer added 0.42 to 21.01 yesterday. It remains Oversold. Trend is up.
The long term Barometer dropped 1.68 to 22.27 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.
