Editor’s Note: No pre-opening comment today
Technical Notes
Oil Services ETF $OIH moved below $284.52 completing a double top pattern.
AT&T an S&P 100 stock moved above $19.39 extending an intermediate uptrend.
PayPal a NASDAQ 100 stock moved below $71.17 extending an intermediate downtrend.
Cenovus a TSX 60 stock moved below $25.03 completing a double top pattern.
Trader’s Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for December7th 2022
Green: Increase from previous day
Red: Decrease from previous day
Commodities
Daily Seasonal/Technical Commodities Trends for December 7th 2022
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for December 6th 2021
Green: Increase from previous day
Red: Decrease from previous day
Link offered by a valued provider
Link from Mark Bunting and www.uncommonsenseinvestor.com
Investment Outlook 2023 – Uncommon Sense Investor
S&P 500 Momentum Barometers
The intermediate term Barometer added 0.60 to 79.20. It remains Overbought.
The long term Barometer dropped 1.00 to 56.00. It remains Neutral. Trend is down.
TSX Momentum Barometers
The intermediate term Barometer added 0.42 to 67.37. It remains Overbought.
The long term Barometer slipped 0.42 to 47.67. It remains Neutral. Trend is 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
