Tech Talk for Wednesday November 23rd 2022

da bull and and a bear

 

 

Technical Notes for Yesterday

Dow Jones Industrial Average SPDRs $DIA moved above intermediate resistance at $340.62.

Industrial SPDRs $XLI moved above intermediate resistance at $100.49

U.S. Insurance iShares IAK moved above $92.83 to an all-time high extending an intermediate uptrend.

Bank of New York Mellon $BK an S&P 100 stock moved above intermediate resistance at $45.04

Mondelez $MDLZ a NASDAQ 100 stock moved above intermediate resistance at $65.87.

Vertex $VRTX a NASDAQ 100 stock moved above $318.38 to an all-time high extending an intermediate uptrend.

Medtronic $MDT moved below $79.19 extending an intermediate downtrend.

Canadian Pacific $CP.TO a TSX 60 stock moved above Cdn$106.71 to an all-time high extending an intermediate uptrend.

George Weston $WN.TO, a TSX 60 stock moved above Cdn$161.36 to an all-time high extending an intermediate downtrend.

Pembina Pipeline $PPL.TO a TSX 60 stock moved above $47.42 extending an intermediate uptrend

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for November 22nd 2022

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for November 22nd 2022

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for November 21st 2021

Green: Increase from previous day

Red: Decrease from previous day

S&P Momentum Barometers

The intermediate term Barometer added 3.60 to 87.20. It remains Overbought. Trend remains up.

The long term Barometer added 3.40 to 59.80. It remains Neutral. Trend remains up.

TSX Momentum Barometers

The intermediate term Barometer increased 3.39 to 75.85. It remains Overbought.

The long term Barometer gained 5.93 to 50.85. 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

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