Tech Talk for Wednesday December 7th 2022

Dec 07

Technical Notes

TSX Energy iShares $XEG.TO moved below $16.02 completing a double top pattern. Leading the sector on the downside was Imperial Oil $IMO.TO, a TSX 60 stock, completing a double top pattern on a move below Cdn$72.28. Canadian Natural Resources $CNQ.TO, a TSX 60 stock moved below $76.76 completing a double top pattern.

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for December 6^th 2022

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for December 6^th 2022

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for December 6^th 2021

Green: Increase from previous day

Red: Decrease from previous day

S&P 500 Momentum Barometers

The intermediate term Barometer dropped 5.00 to 78.60. It remains Overbought. Trend has turned down.

The long term Barometer dropped 2.60 to 57.00. It remains Neutral. Trend has turned down.

TSX Momentum Barometers

The intermediate term Barometer plunged 11.02 to 66.95. It remains Overbought. Trend has turned down.

The long term Barometer dropped 3.39 to 47.88. It remains Neutral. Trend has turned down.

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