Tech Talk for Friday September 4th 2020

Next Tech Talk Report

Next report is released on Tuesday September 8^th. Monday is a holiday

Technical Notes for Thursday

The VIX Index vaulted 7.03% to 33.60%. ‘Tis the season for volatility by U.S. equity indices to move higher to mid-October!

S&P Energy Index moved below 259.46 and 260.78 completing a Head & Shoulders pattern

Palladium ETN (PALL) moved above $220.00 extending an intermediate uptrend.

Electronic Arts (EA), a NASDAQ 100 stock moved below $135.56 completing a Head & Shoulders pattern.

MercadoLibre (MELI), a NASDAQ 100 stock moved below $1,090.00 completing a double top pattern.

Kinder Morgan (KMI), an S&P 100 stock moved below $13.60 setting an intermediate downtrend.

ConocoPhillps (COP), an S&P 100 stock moved below $35.90 extending an intermediate downtrend.

Take Two Interactive (TTWO), a NASDAQ 100 stock moved below $165.34 completing a double top pattern.

Trader’s Corner

Equity Indices and related ETFs

Daily Seasonal/Technical Equity Trends for September 3^rd 2020

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Seasonal/Technical Commodities Trends for September 3^rd 2020

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for September 3^rd 2020

Green: Increase from previous day

Red: Decrease from previous day

S&P 500 Momentum Barometer

The Barometer dropped 9.62 to 73.75 yesterday. It changed from extremely intermediate overbought to intermediate overbought on a drop below 80.00

TSX Momentum Barometer

The Barometer dropped 7.96 to 63.94 yesterday. It remains intermediate overbought and trending down.

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