Technical Notes for yesterday
Lowe’s $LOW an S&P 100 stock moved above $219.99 extending an intermediate uptrend.
The company reported higher than consensus fiscal third quarter results.
Restaurant Brands International $QSR.TO a TSX 60 stock moved above Cdn$83.50 extending an intermediate uptrend. The company announced a new CEO.
Trader’s Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for November 16th 2022
Green: Increase from previous day
Red: Decrease from previous day
Commodities
Daily Seasonal/Technical Commodities Trends for November 16th 2022
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for November 16th 2021
Green: Increase from previous day
Red: Decrease from previous day
Links offered by valued providers
Link offered by Mark Bunting and www.uncommonsenseinvestor.com
KEYNOTE: David Rosenberg | Red Cloud’s Mining Showcase 2022 – YouTube
Greg Schnell discusses “Setting technical stops”.
Setting Technical Stops | Greg Schnell, CMT | Market Buzz (11.16.22) – YouTube
Dave Keller’s Final Bar. Features an interview with Ryan Detrick. His charts show that the strongest three consecutive quarters in the four year Presidential cycle are the fourth quarter in the second year of the cycle plus the first and second quarters in the third year. Also included is a chart showing that U.S. equity markets perform best during the two year period when Congress is in gridlock (as was confirmed late yesterday for the next Congress).
S&P 500 Momentum Barometers
The intermediate term Barometer added 0.80 to 81.00. It remains Overbought.
The long term Barometer slipped 1.80 to 53.40. It remains Neutral.
TSX Momentum Barometers
The intermediate term Barometer slipped 2.12 to 72.88. It remains Overbought.
The long term Barometer dropped 2.12 to 44.07. 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
