Tech Talk for Friday January 6th 2023

da bull and and a bear

Technical Notes

Pinduoduo $PDD a NASDAQ 100 stock moved above $93.16 extending an intermediate uptrend.

Seagen $SGEN a NASDAQ 100 stock moved above $135.20 completing a reverse Head & Shoulders pattern.

Eli Lilly $LLY an S&P 100 stock moved below $354.61 completing a double top pattern.

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for January 5th 2023

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for January 5th 2023

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for January 5th 2023

Green: Increase from previous day

Red: Decrease from previous day

Links offered by valued providers

Larry Williams offers his outlook for 2023

https://www.youtube.com/watch?v=FEerD4AP4sw

Seasonality Points to a Weak Start for 2023! | Julius de Kempenaer | Sector Spotlight (01.03.23)

https://www.youtube.com/watch?v=bKtXEoyrOWc&t=185s

Greg Schnell discusses “Setting up 2023 Charts and Settings”

Setting Up 2023 Charts and Settings | Greg Schnell, CMT | Market Buzz (01.04.23) – YouTube

S&P 500 Momentum Barometers

The intermediate term Barometer dropped 11.40 to 46.00. It remains Neutral.

The long term Barometer dropped 4.20 to 49.00. It remains Neutral.

TSX Momentum Barometers

The intermediate term Barometer dropped 5.08 to 50.86. It remains Neutral.

The long term Barometer slipped 0.85 to 48.73. 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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