Technical Notes for yesterday
Cameco $CCO.TO $CCJ moved below intermediate support at Cdn.$33.53 and US$24.66 after announcing a joint venture with Brookfield Renewable Partners in a deal valued at $7.88 billion. In order to finance the deal, Cameco sold shares at below previous market prices. Result is short term pain (dilution) for long term gain (growth).
Global X Uranium ETF $URA, an fund heavily weighted in Cameco broke intermediate support at U.S. $18.83 setting an intermediate downtrend.
Match $MTCH a NASDAQ 100 stock moved below $45.99 extending an intermediate downtrend.
Trader’s Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for October 12th 2022
Green: Increase from previous day
Red: Decrease from previous day
Commodities
Daily Seasonal/Technical Commodities Trends for October 12th 2022
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for October 12th 2021
Green: Increase from previous day
Red: Decrease from previous day
Links offered by valued providers
Link from Mark Bunting and www.uncommonsenseinvestor.com
Loss of Capital vs. Permanent Loss of Capital – Uncommon Sense Investor
Larry Williams says “Down, then Up, up and away, finally”)
Up, Up & Away | Larry Williams Special Presentation (10.12.22) – YouTube
Greg Schnell asks “Metals on the move”?
https://www.youtube.com/watch?v=xvpM6rAS8f4
S&P 500 Momentum Barometers
The intermediate term Barometer slipped another 1.00 to 10.80 yesterday. It remains Oversold.
The long term Barometer eased 0.20 to 16.40 yesterday. It remains Oversold.
TSX Momentum Barometers
The intermediate term Barometer added 2.54 to 26.69 yesterday. It remains Oversold.
The long term Barometer added 2.12 to 23.73 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
