Technical Notes for yesterday
Pharmaceutical ETF $PPH moved below $71.87 extending an intermediate downtrend.
Johnson & Johnson $JNJ a Dow Jones Industrial Average stock moved below $164.02 extending an intermediate downtrend.
Incyte $INCY a NASDAQ 100 stock moved below $70.76 extending an intermediate downtrend.
Cameco $CCJ a TSX 60 stock moved above intermediate resistance at US$28.28.
Pinduoduo $PDD a NASDAQ 100 stock moved above $68.71 extending an intermediate uptrend.
Brookfield Infrastructure $BIP/UN.TO a TSX 60 stock moved above Cdn$56.57 to an all-time high extending an intermediate uptrend.
Trader’s Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for August 29th 2022
Green: Increase from previous day
Red: Decrease from previous day
Commodities
Daily Seasonal/Technical Commodities Trends for August 29th 2022
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for August 27th 2021
Green: Increase from previous day
Red: Decrease from previous day
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Market Watch comment:
S&P 500 Momentum Barometers
The intermediate term Barometer dropped 4.60 to 60.00 yesterday. It remains Overbought. Trend is down.
The long term Barometer slipped 1.40 to 33.20 yesterday. It remains Oversold. Trend is down.
TSX Momentum Barometers
The intermediate term Barometer slipped 1.68 to 65.97 yesterday. It remains Overbought. Trend is down.
The long term Barometer added 0.42 to 37.82 yesterday. It remains Oversold.
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
