Tech Talk for Tuesday December 13th 2022

da bull and and a bear

Technical Notes

Amgen $AMGN a NASDAQ 100 stock moved below $178.30 completing a double top pattern. The company announced an all-cash deal to acquire. Horizon Theropeutics for $27.8 billion.

Broadcom $AVGO a NASDAQ 100 stock moved above $555.90 extending an intermediate uptrend.

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for December 12th 2022

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for December 12th 2022

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for December 12th 2021

Green: Increase from previous day

Red: Decrease from previous day

Next Canadian Association for Technical Analysis Meeting

Next meeting is scheduled at 8:00 PM EST today. Speaker is Jon Vialoux, author of www.EquityClock.com . Connect below for information. Everyone is welcome

CATA Meeting Dec 13 – Jon Vialoux – Events – Canadian Association for Technical Analysis (clubexpress.com)

Not a member of CATA? See: https://canadianata.ca/content.aspx?page_id=4&club_id=71614

Links offered by valued providers

Sprott Uranium Report for December 8th

Sprott Uranium Report: The Optimistic News Continues

The Daily Five by Greg Schnell: Greg offers a cautious medium term outlook for equities and commodities.

The Fed At 5000% | Greg Schnell, CMT | Your Daily Five (12.12.22) – YouTube

S&P 500 Momentum Barometers

The intermediate term Barometer added 3.60 to 81.60. It remains Overbought.

The long term Barometer advanced 5.00 to 61.20. It changed from Neutral to Overbought on a move above 60.00.

TSX Momentum Barometers

The intermediate term Barometer slipped 0.85 to 67.37. It remains Overbought.

The long term Barometer added 2.12 to 47.88. 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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