Tech Talk for Wednesday August 5th 2020

August 5, 2020

1 minute read

by Don Vialoux, EquityClock.com

Technical Notes for August 4^th

Corn ETN (CORN) moved below $11.61 setting an intermediate downtrend.

Metals & Miners SPDRs (XME) moved above $23.76 extending an intermediate uptrend. The ETF holds precious metals, base metals, coal and steel stocks.

Canadian “gassy” stocks came alive with higher natural gas prices.

Dow Jones Transportation Average moved briefly above 10,096.18 extending an intermediate uptrend.

Trader’s Corner

Equity Indices and related ETFs

Daily Seasonal/Technical Equity Trends for August 4^th 2020

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Seasonal/Technical Commodities Trends for August 4^th 2020

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for August 4^th 2020

Green: Increase from previous day

Red: Decrease from previous day

S&P 500 Momentum Barometer

The Barometer was unchanged at 66.13 yesterday. It remains intermediate overbought.

TSX Momentum Barometer

The Barometer added 5.95 to 73.91 yesterday. It remains intermediate overbought.

Disclaimer: Seasonality 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

This post was originally publised at Vialoux's Tech Talk.

Author

Don Vialoux, EquityClock.com

Don Vialoux is the author of free daily reports on equity markets, sectors, commodities and Exchange Traded Funds. All of the views expressed herein are his personal views although they may be reflected in positions or transactions in the various client portfolios. Daily reports are available at http://www.timingthemarket.ca.