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
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
