Technical Notes
Wheat ETN $WEAT moved below $7.23 extending an intermediate downtrend.
Pharmaceutical ETF $PPH moved below $76.19 completing a Head & Shoulders pattern.
Bristol-Myers $BMY an S&P 100 stock moved below $69.80 extending an intermediate downtrend.
Eli Lilly $LLY an S&P 100 stock moved below $315.98 extending an intermediate downtrend.
Natural Gas ETN $UNG moved above intermediate resistance at $8.92. “Gassy” stocks responded accordingly.
Trader’s Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for Feb.27th 2023
Green: Increase from previous day
Red: Decrease from previous day
Commodities
Daily Seasonal/Technical Commodities Trends for Feb.27th 2023
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for Feb.27th 2023
Green: Increase from previous day
Red: Decrease from previous day
Links offered by a valued provider
Defensive Names With Growth | Mary Ellen McGonagle | Your Daily Five (02.27.23)
Defensive Names With Growth | Mary Ellen McGonagle | Your Daily Five (02.27.23) – YouTube
S&P 500 Momentum Barometers
The intermediate term Barometer added 2.20 to 47.60. It remains Neutral.
The long term Barometer was unchanged at 59.80. It remains Neutral. Trend remains down.
TSX Momentum Barometers
The intermediate term Barometer slipped 1.70 to 51.49. It remains Neutral.
The long term Barometer added 2.98 to 60.85. It changed from Neutral to Overbought by moving back above 60.00.
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
