Next Tech Talk report
Tech Talk is taking a holiday tomorrow. Next report is released on Monday October 3rd.
Technical Notes for yesterday
Biogen $BIIB and Eli Lilly $LLY moved sharply higher on encouraging news on their Alzheimer’s drugs
Trader’s Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for September 28th 2022
Green: Increase from previous day
Red: Decrease from previous day
Commodities
Daily Seasonal/Technical Commodities Trends for September 28th 2022
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for September 28th 2021
Green: Increase from previous day
Red: Decrease from previous day
Links offered by valued providers
Links from Mark Bunting and www.uncommonsenseinvestor.com
Inflation Has Little Impact on Franco-Nevada – Uncommon Sense Investor
Why the Sun Will Also Rise for the Stock Market – Uncommon Sense Investor
Greg Schnell says “Financials wobble”
Financials Wobble | Greg Schnell, CMT | Market Buzz (09.28.22) – YouTube
Jane Galina says “Time to ride the silver stallion”.
Time To Ride The Silver Stallion | Jane Gallina | Your Daily Five (09.28.22) – YouTube
Mish Schneider notes “A double bottom in semiconductors and transportation stocks?”
Double Bottom for Semiconductors? | David Keller, CMT | The Final Bar (09.28) – YouTube
S&P 500 Momentum Barometers
First sign of an intermediate bottom has appeared! The intermediate term Barometer added 4.20 to 7.00 yesterday. It bounced nicely from a deeply over Oversold level.
The long term Barometer also offered evidence of a recovery from an Oversold level. It recovered 4.00 to 15.40 yesterday.
TSX Momentum Barometers
More signs of an intermediate bottom! The intermediate term Barometer jumped 13.56 to 21.61 yesterday. It remains Oversold, but shows start of a recovery from deeply Oversold levels.
The long term Barometer also recorded a significant gain, up 2.97 to 20.34. It remains Oversold. Trend has turned up.
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
