Technical Notes
Oil Services ETF $OIH moved above $319.53 extending an intermediate uptrend.
Base Metals ETN $DBB (one third each in copper, zinc and aluminum) moved above $20.70 completing a reverse Head & Shoulders pattern.
U.S. Telecommunications iShares $IYZ moved above $23.87 extending an intermediate uptrend.
Home Builders SPDRs $XHB moved above $65.37 extending an intermediate uptrend.
Chile iShares $ECH moved above $27.17 extending an intermediate uptrend. Benefiting from higher base metal prices!
Mexico iShares $EWW moved above $53.66 extending an intermediate uptrend.
Johnson & Johnson $JNJ a Dow Jones Industrial Average stock moved below $174.87 completing a double top pattern.
Intuitive Surgical $ISRG a NASDAQ 100 stock moved below $257.76 completing a short term Head & Shoulders pattern.
ASML Holding $ASML a NASDAQ 100 stock moved above $643.36 extending an intermediate uptrend.
American Tower $AMT an S&P 100 stock moved above $226.30 extending an intermediate uptrend.
TSX REIT iShares $XRE.TO moved above $17.15 completing a reverse Head & Shoulders pattern.
SNC Lavalin $SNC.TO a TSX 60 stock moved above $27.11 completing a double bottom pattern.
Trader’s Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for January 11th 2023
Green: Increase from previous day
Red: Decrease from previous day
Commodities
Daily Seasonal/Technical Commodities Trends for January 11th 2023
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for January 11th 2023
Green: Increase from previous day
Red: Decrease from previous day
Link offered by a valued provider
Greg Schnell discusses “Ringing up retail”.
Ringing Up Retail | Greg Schnell, CMT | Market Buzz (01.11.23) – YouTube
S&P 500 Momentum Barometers
The intermediate term Barometer added 9.00 to 76.80. It remains Overbought. Short term trend remains up.
The long term Barometer added 4.20 to 65.00. It remains Overbought. Short term trend remains up.
TSX Momentum Barometers
The intermediate term Barometer added 1.27 to 70.76. It remains Overbought. Short term trend remains up.
The long term Barometer added 4.66 to 60.59. It changed from Neutral to Overbought on a move above 60.00. Short term trend remains up.
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
