Technical Notes
Nike $NKE a Dow Jones Industrial Average stock moved above $117.77 extending an intermediate uptrend. The company reported higher than consensus fiscal second quarter revenues and earnings.
Caterpillar $CAT a Dow Jones Industrial Average stock moved above $239.85 to an all-time high extending an intermediate uptrend.
Trader’s Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for December 21st 2022
Green: Increase from previous day
Red: Decrease from previous day
Commodities
Daily Seasonal/Technical Commodities Trends for December 21st 2022
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for December 20th 2021
Green: Increase from previous day
Red: Decrease from previous day
Canadian Association for Technical Analysis Meeting
Next meeting is offered tonight at 8:00 PM EST. Speaker is Keith Richards. Everyone is welcome. Not a member of CATA? More information is at https://canadianata.ca/
Links offered by a valued providers
Market Buzz from Greg Schnell
2022 Year End Review, Part 1 | Greg Schnell, CMT | Market Buzz (12.21.22) – YouTube
Final Bar with Dave Keller
(12.21.22) Next Steps for the US Dollar | David Keller, CMT | The Final Bar – YouTube
Rick Rule says “If you’re dumb and trusting, you will be separated from your money: Advice for 2023.”
JP Morgan says “U.S. earnings are going to have to come down”
U.S. earnings are going to have to come down, says JPMorgan’s Joyce Chang – YouTube
S&P 500 Momentum Barometers
The intermediate term Barometer added 9.40 to 62.60. It changed from Neutral to Overbought on a move above 60.00.
The long term Barometer added 4.20 to 52.00. It remains Neutral.
TSX Momentum Barometer
The intermediate term Barometer added 10.13 to 57.38. It remains Neutral.
The long term Barometer advanced 5.49 to 46.41. 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
