Wolf on Bay Street
Don Vialoux is a guest on this week’s radio show. Tune in to Corus 640 at 7:00 PM EDT on Saturday.
Technical Notes for yesterday
Energy SPDRs $XLE moved above $78.66 resuming an intermediate uptrend.
U.S. Insurance iShares $IAK moved above $88.90 extending an intermediate uptrend.
MetLife $MET an S&P 100 stock moved above $67.99 extending an intermediate uptrend.
Wheat ETN $WEAT moved below $7.81 extending an intermediate downtrend.
Baidu $BIDU a NASDAQ 100 stock moved below 128.50 setting an intermediate downtrend.
Pembina Pipeline $PPL.TO a TSX 60 stock moved above $49.06 extending an intermediate uptrend.
Trader’s Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for August 18th 2022
Green: Increase from previous day
Red: Decrease from previous day
Commodities
Daily Seasonal/Technical Commodities Trends for August 18th 2022
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for August 18th 2021
Green: Increase from previous day
Red: Decrease from previous day
Links offered by valued providers
Lawrence McMillan opinion: “Now that the S&P 500 is looking overbought, watch what happens to this downtrend line that defines the bear market”.
Mark Hulbert opinion: “Proceed with caution if you trade stocks based on this popular market signal”.
David Hunter talks about “S&P 500 Upside Target 6000”
https://www.youtube.com/watch?v=r4y-LEX-gus
S&P 500 Momentum Barometers
The intermediate term Barometer added 0.40 to 92.00 yesterday. It remains Overbought.
The long term Barometer added 1.40 to 49.80 yesterday. It remains Neutral. Trend remains up.
TSX Momentum Barometers
The intermediate term Barometer added 5.04 to 73.53 yesterday. It remains Overbought. Trend remains up.
The long term Barometer was unchanged at 46.22 yesterday. It remains Neutral.
Disclaimer: Seasonality ratings 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
