Technical Notes for yesterday
TSX Information Technology iShares $XIT.TO moved above $35.00 extending an intermediate uptrend.
PayPal $PYPL a NASDAQ 100 stock moved above $89.32 extending an intermediate uptrend.
Fastenal $FAST a NASDAQ 100 stock moved above $51.64 extending an intermediate uptrend.
Rogers Communications $RCI $RCI.B.TO a TSX 60 stock moved below US$44.53 and Cdn$57.90 extending an intermediate downtrend.
Restaurants Brands International $QSR.TO a TSX 60 stock moved above Cdn$69.19 extending an intermediate uptrend.
Trader’s Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for August 2nd 2022
Green: Increase from previous day
Red: Decrease from previous day
Commodities
Daily Seasonal/Technical Commodities Trends for August 2nd 2022
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for August 2nd 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)
Link offered by valued provider
Tom Bowley says “Falling yields spurring stocks”
https://www.youtube.com/watch?v=vop_U4K_7Ok
S&P 500 Momentum Barometers
The intermediate term Barometer dropped 4.60 to 71.80 yesterday. It remains Overbought.
The long term Barometer slipped 2.80 to 33.40 yesterday. It remains Oversold.
TSX Momentum Barometers
The intermediate term Barometer slipped 6.30 to 55.04 yesterday. It changed from Overbought to Neutral on a drop below 60.00.
The long term Barometer slipped 1.26 to 36.55 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
