Tech Talk for Tuesday December 20th 2022

byDon Vialoux, EquityClock.com

December 20, 2022

2 minute read

Technical Notes

Consumer Discretionary SPDRs $XLY moved below $131.54 extending an intermediate downtrend.

Lithium ETN $LIT moved below $63.01 extending an intermediate downtrend.

Amazon $AMZN an S&P 100 stock moved below$85.97 extending an intermediate downtrend.

Walt Disney $DIS a Dow Jones Industrial Average stock moved below $86.28 extending an intermediate downtrend.

McDonalds $MCD a Dow Jones Industrial Average stock moved below $284.85 completing a double top pattern.

Match Group $MTCH a NASDAQ 100 stock moved below $40.23 extending an intermediate downtrend.

Brookfield Infrastructure $BIP a TSX 60 stock moved below US$31.79 extending an intermediate downtrend.

Cameco $CCO.TO a TSX 60 stock moved below Cdn$29.10 extending an intermediate downtrend.

Canadian Tire $CTC.A.TO a TSX 60 stock moved below $141.78 extending an intermediate downtrend.

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for December 19^th 2022

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for December 19^th 2022

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for December 16^th 2021

Green: Increase from previous day

Red: Decrease from previous day

S&P 500 Momentum Barometers

The intermediate term Barometer dropped 6.20 to 52.60. It remains Neutral. Trend is down.

The long term Barometer slipped 1.40 to 48.00. It remains Neutral. Trend is down.

TSX Momentum Barometers

The intermediate term Barometer plunged 12.66 to 43.04. It remains Neutral. Trend is down.

The long term Barometer dropped 3.38 to 37.97. It changed from Neutral to Oversold on a move below 40.00. Trend remains 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

Author

Don Vialoux, EquityClock.com

Don Vialoux is the author of free daily reports on equity markets, sectors, commodities and Exchange Traded Funds. All of the views expressed herein are his personal views although they may be reflected in positions or transactions in the various client portfolios. Daily reports are available at http://www.timingthemarket.ca.