Editor’s Note: Next Tech Talk report is released on Tuesday December 27th 20222
Technical Notes
Israel iShares $EIS moved below $56.18 extending an intermediate downtrend.
Natural Gas ETN $UNG moved below $16.30 extending an intermediate downtrend.
Platinum ETN $PPLT moved below $90.20 completing a Head & Shoulders pattern.
PayPal $PYPL a NASDAQ 100 stock moved below $67.58 extending an intermediate downtrend.
Canopy Growth $WEED.TO a TSX 60 stock moved below $3.08 extending an intermediate downtrend.
Trader’s Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for December 22nd 2022
Green: Increase from previous day
Red: Decrease from previous day
Commodities
Daily Seasonal/Technical Commodities Trends for December 22nd 2022
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for December 22nd 2021
Green: Increase from previous day
Red: Decrease from previous day
Link offered by a valued provider
Greg Schnell summarizes 2022 in review
https://www.youtube.com/watch?v=yl0Bjt4Ajow
Seasonality Chart of the Day
Seasonal Chart Analysis
Analysis of the iShares S&P/TSX Capped Energy Index ETF (TSE:XEG.to) seasonal charts above shows that a Buy Date of December 22 and a Sell Date of April 12 has resulted in a geometric average return of 1.67% above the benchmark rate of the S&P 500 Total Return Index over the past 20 years. This seasonal timeframe has shown positive results compared to the benchmark in 15 of those periods. This is a good rate of success and the return strongly outperforms the relative buy-and-hold performance of the stock over the past 20 years by an average of 6.67% per year.
S&P 500 Momentum Barometers
The intermediate term Barometer dropped 10.00 to 52.60. It returned from Overbought to Neutral on a drop below 60.00.
The long term Barometer slipped 1.80 to 50.20. It remains Neutral.
TSX Momentum Barometers
The intermediate term Barometer dropped 9.08 to 48.31. It remains Neutral.
The long term Barometer slipped 1.07 to 45.34. 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
