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Technical Notes for yesterday
Editor’s Note: All of the technical action indicated below occurred before 10:00 AM. Weakness occurred thereafter.
Consumer Discretionary SPDRs $XLY moved above $148.47 completing a double bottom pattern.
Semiconductor ETF $SMH moved above intermediate resistance at $218.81
Goldman Sachs $GS a Dow Jones Industrial stock moved above $308.97 completing a double bottom pattern.
Target Stores $TGT an S&P 100 stock moved above $151.93 completing a double bottom pattern.
Starbucks $SBUX a Dow Jones Industrial Average stock moved above $81.30 completing a reverse Head & Shoulders pattern.
Marriott $MAR a NASDAQ 100 stock moved above $146.06 completing a double bottom pattern.
Walmart $WMT a Dow Jones Industrial stock moved above $129.90 completing a double bottom pattern.
Lowes $LOW an S&P 100 stock moved above $185.61 completing a double bottom pattern.
Marvel Technology $MRVL a NASDAQ 100 stock moved above intermediate resistance at $49.10
Microchip Technologies $MCHP a NASDAQ 100 stock moved above intermediate resistance at $62.92
Copart $CPRT a NASDAQ 100 stock moved above intermediate resistance at $117.37
Intel $INTC a Dow Jones Industrial stock moved above $39.06 completing a short term reversal pattern.
Intuitive Surgical $ISRG a NASDAQ 100 stock moved above $211.47 completing a double bottom pattern.
Lockheed Martin $LMT an S&P 100 stock moved below $394.66 extending an intermediate downtrend.
Trader’s Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for July 18th 2022
Green: Increase from previous day
Red: Decrease from previous day
Commodities
Daily Seasonal/Technical Commodities Trends for July 18th 2022
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for July 18th 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
Sprott Gold Report for July 15th
Sprott Gold Report: Inflation, No Quick Fix
Bruce Fraser says “Keep your stops tight”.
https://www.youtube.com/watch?v=JvlyQNhxRPw
S&P 500 Momentum Barometers
The intermediate term Barometer dropped 6.20 to 22.40 yesterday. It remain Oversold.
The long term Barometer fell 1.80 to 18.00 yesterday. It remains Oversold.
TSX Momentum Barometers
The intermediate term Barometer added 4.20 to 24.79 yesterday. It remains Oversold. Upward trend has been extended.
The long term Barometer gained 1.88 to 23.53 yesterday. It remains Oversold. Upward trend has resumed.
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.
in a partnership with AdvisorAnalyst.com to provide you the most up to date facts, helping you make better informed decisions. All opinions in this article are my own.
