da bull and and a bear

Tech Talk for Wednesday January 25th 2023

Technical Notes

Nvidia $NVDA a NASDAQ 100 stock moved above $187.90 extending an intermediate uptrend.

PACCAR $PCAR a NASDAQ 100 stock moved above $104.26 to an all-time high extending an intermediate uptrend.

Amgen $AMGN an S&P 100 stock moved below $254.86 extending an intermediate downtrend.

Duke Energy $DUK an S&P 100 stock moved below intermediate support at $99.18.

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for January 24th 2023

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for January 24th 2023

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for January 24th 2023

Green: Increase from previous day

Red: Decrease from previous day

Link from valued providers

S&P 500 Threatening Major Breakout | Tom Bowley | Trading Places

(Includes an interesting comment on seasonality)

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

Jeremy Grantham says “Easiest leg of stock market bubble burst is over: Here’s what’s next

https://www.marketwatch.com/story/jeremy-grantham-says-easiest-leg-of-stock-market-bubble-burst-over-heres-whats-next-11674584001?mod=newsviewer_click_seemore

S&P 500 Momentum Barometers

The intermediate term Barometer added 0.87 to 69.80. It remains Overbought.

The long term Barometer slipped 0.80 to 65.60. It remains Overbought.

TSX Momentum Barometers

The intermediate term Barometer slipped 2.54 to 77.12. It remains Overbought.

The long term Barometer slipped 0.42 to 69.92. 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

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