Technical Notes for yesterday
Soybeans ETN $SOYB moved above $27.66 resuming an intermediate uptrend.
Globex Uranium ETF $URA moved above $22.12 extending an intermediate uptrend. Japan announced plans to return to use of nuclear power. Mainly reflected strength in Cameco.
Coffee ETN $JJOFF moved above $20.70 resuming an intermediate uptrend.
AT&T moved below $17.99 extending an intermediate downtrend
Enbridge $ENB.TO, a TSX 60 stock moved above $Cdn$57.18 resuming an intermediate uptrend.
Cenovus Energy $CVE.TO a TSX 60 stock moved above Cdn$25.20 resuming an intermediate uptrend.
Trader’s Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for August 24th 2022
Green: Increase from previous day
Red: Decrease from previous day
Commodities
Daily Seasonal/Technical Commodities Trends for August 24th 2022
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for August 24th 2021
Green: Increase from previous day
Red: Decrease from previous day
CATA Meeting
Next meeting of the Canadian Association for Technical Analysis is held tonight at 8:00 PM EDT. Speaker is Jake Bernstein. Not a member? Click on www.canadianata.ca for information.
Links offered by valued providers
Mark Bunting and www.uncommonsenseinvestor.com offers the following links:
The Ugliest Chart of Them All – Uncommon Sense Investor
Strategist: Time to Raise Cash for Another Correction – Uncommon Sense Investor
The Fed May Stop Hiking By End of Year: RBC Capital Markets’ Tom Porcelli
https://www.youtube.com/watch?v=eFIuShNkDgA
Greg Schnell asks “Is this growing”? A focus on the Agriculture sector
https://www.youtube.com/watch?v=QjuH8Q09a8E
John Kosar discusses “The key to market direction into yearend “. Includes a comment on seasonal weakness through early October followed by strong gains thereafter.
https://www.youtube.com/watch?v=ZvbLP4FgTvo
S&P 500 Momentum Barometers
The intermediate term Barometer added 2.20 to 80.40 yesterday. It remains Overbought.
The long term Barometer added 1.40 to 38.60 yesterday. It remains Oversold.
TSX Momentum Barometers
The intermediate term Barometer added 6.72 to a new recent high at 78.57 yesterday. It remains Overbought. Trend remains up.
The long term Barometer added 0.84 to 41.60 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
