Technical Notes for yesterday
Equal weight S&P 500 ETF $RSP moved above intermediate resistance at $135.69.
Materials SPDRs $XLB moved above $72.88 completing a double bottom pattern.
Europe ETFs are showing early signs of recovery. Europe iShares $IEV moved above $40.43 and Eurozone iShares $EZU moved above $34.56 completing double bottom patterns.
Mexico iShares $EWW moved above $48.74 completing a double bottom.
U.S. money center banks are developing bottoming patterns. Citigroup $C moved above $44.75 and $44.94 completing a short term reverse Head & Shoulders pattern. Bank of New York Mellon $BK moved above $41.52 and $41.56 completing a short term reverse Head & Shoulders pattern. Capital One $COF moved above $99.97 completing a double bottom pattern.
U.S. Broker iShares $IAI moved above intermediate resistance at $91.20.
Fertilizer stocks are advancing during their period of seasonal strength. Mosaic $MOS moved above $53.28 resuming an intermediate uptrend.
Ford $F an S&P 100 stock moved above $12.63 completing a double bottom pattern.
AutoDesk $ADSK a NASDAQ 100 stock moved above $209.64 completing a double bottom pattern.
Palladium ETN $PALL moved below intermediate support at $180.41.
Trader’s Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for October 25th 2022
Green: Increase from previous day
Red: Decrease from previous day
Commodities
Daily Seasonal/Technical Commodities Trends for October 25th 2022
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for October 25th 2021
Green: Increase from previous day
Red: Decrease from previous day
S&P 500 Momentum Barometers
The intermediate term Barometer advanced 11.00 to 46.40 yesterday. It changed from Oversold to Neutral on a move above 40.00. Trend remains up.
The long term Barometer added 4.80 to 29.60 yesterday. It remains Oversold. Trend remains up.
TSX Momentum Barometers
The intermediate term Barometer advanced 9.32 to 44.07 yesterday. It changed from Oversold to Neutral on a move above 40.00. Trend remains up.
The long term Barometer added 3.81 to 33.47 yesterday. It remains Oversold. Trend remains 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
