Technical Notes
North American equity markets opened stronger, but quickly came under selling pressures when traders took a closer look at the drop in U.S. December retail sales.
TSX 60 Capped iShares $XIC.TO briefly moved above $32.71 in early trading completing a reverse Head & Shoulders pattern.
Japan iShares $EWJ moved above $56.62 and $57.19 completing a reverse Head & Shoulders pattern.
Frontier iShares $FM moved above $26.91 setting an intermediate uptrend.
eBay $EBAY a NASDAQ 100 stock moved above $46.89 extending an intermediate uptrend.
Altria $MO an S&P 100 stock moved below $44.99 completing a double top pattern.
Wal-mart $WMT an S&P 100 stock moved below$140.81 setting an intermediate downtrend.
Keurig Dr. Pepper $KDP a NASDAQ 100 stock moved below $34.95 extending an intermediate downtrend.
Mondelez $MDLZ a NASDAQ 100 stock moved below $64.90 extending an intermediate uptrend.
Royal Bank $RY.TO a TSX 60 stock moved above Cdn$135.69 extending an intermediate uptrend.
Restaurant Brands International $QSR.TO a TSX 60 stock moved below $87.23 completing a short term Head & Shoulders pattern.
Traderās Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for January 18th 2023
Green: Increase from previous day
Red: Decrease from previous day
Commodities
Daily Seasonal/Technical Commodities Trends for January 18th 2023
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for January 18th 2023
Green: Increase from previous day
Red: Decrease from previous day
Links offered by valued providers
Link offered by Mark Bunting and www.uncommonsenseinvestor.com
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Greg Schnell says āSemiconductors like to leadā.
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S&P 500 Momentum Barometers
The intermediate term Barometer plunged 15.80 to 60.00. It remains Overbought.
The long term Barometer dropped 5.40 to 59.80. It changed from Overbought to Neutral on a drop below 60.00.
TSX Momentum Barometers
The intermediate term Barometer slipped 2.97 to 74.58. It remains Overbought.
The long term Barometer slipped 2.54 to 66.95. It remains Overbought.
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
