Technical Notes
CGI Group $GIB.A.TO a TSX 60 stock moved below Cdn$112.68 extending an intermediate downtrend.
Philip Morris International $PM an S&P 100 stock moved above $104.43 extending an intermediate uptrend.
Trader’s Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for January 30th 2023
Green: Increase from previous day
Red: Decrease from previous day
Commodities
Daily Seasonal/Technical Commodities Trends for January 30th 2023
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for January 30th 2023
Green: Increase from previous day
Red: Decrease from previous day
Link offered by a valued providers
Mike Wilson from Morgan Stanley warns the stock market’s January rally could end this week.
S&P 500 Momentum Barometers
The intermediate term Barometer dropped 5.40 to 67.00. It remains Overbought, but showing early signs of rolling over.
The long term Barometer slipped 3.20 to 65.40. It remains Overbought.
TSX Momentum Barometers
The intermediate term Barometer dropped 3.39 to 75.00. It remains Overbought, but showing early signs of rolling over.
The long term Barometer slipped 1.69 to 70.78.
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
