Technical Notes for yesterday
NASDAQ Biotech iShares $IBB moved above $134.99 and $135.35 completing a long term reverse Head & Shoulders pattern.
Caterpillar $CAT a Dow Jones Industrial Average stock moved above $238.42 to an all-time high extending an intermediate uptrend.
Comcast $CMCSA an S&P 100 stock moved above $34.26 completing a base building pattern.
AbbVie $ABBV an S&P 100 stock moved above $153.99 extending an intermediate uptrend.
Oracle $ORCL an S&P 100 stock moved above $79.47 extending an intermediate uptrend.
Netlflix $NFLX a NASDAQ 100 stock moved above $305.63 extending an intermediate uptend.
Magna International $MG.TO a TSX 60 stock moved above $83.77 resuming an intermediate uptrend.
Silver stocks continue to respond to higher silver prices. Hecla Mining $HL moved above $5.17 extending an intermediate uptrend.
Trader’s Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for November 14th 2022
Green: Increase from previous day
Red: Decrease from previous day
Commodities
Daily Seasonal/Technical Commodities Trends for November 14th 2022
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for November 14th 2021
Green: Increase from previous day
Red: Decrease from previous day
Links offered by valued provider
Mary Ellen McGonagle sees “Sharp reversals and how to capitalize”.
Sharp Reversals And How To Capitalize | Mary Ellen McGonagle | The MEM Edge (11.11.22) – YouTube
Leslie Jouflas discusses “Monitoring key S&P 500 levels”.
Monitoring Key S&P 500 Levels | Leslie Jouflas, CMT | Your Daily Five (11.14.22) – YouTube
Teal Linde’s top market picks
Teal Linde’s Top Market Picks – YouTube
Lisa Riesman says “Conditions may be right for another nickel squeeze”. Also a discussion on copper, lithium and aluminum
Conditions may be ripe for another Nickel squeeze – YouTube
S&P 500 Momentum Barometers
The intermediate term Barometer slipped 3.20 to 78.80. It remains Overbought.
The long term Barometer dropped 3.00 to 52.40. It remains Neutral.
TSX Momentum Barometers
The intermediate term Barometer dropped 4.24 to 72.88. It remains Overbought.
The long term Barometer dropped 6.78 to 44.49. 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
