Tech Talk for Friday August 28th 2020

Technical Notes for August 27^th

The VIX Index moved above 24.93% completing a base building pattern. Ditto for its related ETN: HUN.TO! ‘Tis the season for the Index to move higher to mid-October1

Expedia (EXPE), a NASDAQ 100 stock moved above $97.59 extending an intermediate uptrend.

McDonalds (MCD), a Dow Jones Industrial Average stock moved above $215.59 extending an intermediate uptrend.

Oracle (ORCL), an S&P 100 stock moved above $57.84 extending an intermediate uptrend.

Intuitive Surgical (ISRG), a NASDAQ 100 stock moved above $704.00 to an all-time high extending an intermediate uptrend.

Costco (COST), an S&P 100 stock moved above $346.12 to an all-time high extending an intermediate uptrend.

Starbucks (SBUX), an S&P 100 stock moved above $83.17 extending an intermediate uptrend.

Grain prices continue to move higher in anticipation of purchase orders from China. Wheat ETN (WEAT) moved above $5.52 completing a base building pattern.

Trader’s Corner

Equity Indices and related ETFs

Daily Seasonal/Technical Equity Trends for August 27^th 2020

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Seasonal/Technical Commodities Trends for August 27^th 2020

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for August 27^th 2020

Green: Increase from previous day

Red: Decrease from previous day

S&P 500 Momentum Barometer

The Barometer added 5.21 to 79.16 yesterday. It remains intermediate overbought.

TSX Momentum Barometer

The Barometer slipped 3.08 to 75.12 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