by Don Vialoux, EquityClock.com
Technical Notes for December 14th
Biotech equities and related ETFs (e.g. IBB, BBH, FBT) were higher following the $39 billion takeover offer of Alexion Pharma. BioMarin Pharma, a NASDAQ 100 stock moved above $80.94 completing a base building pattern.
Twitter (TWTR), a NASDAQ 100 stock moved above $52.93 to an all-time high extending an intermediate uptrend.
Trader’s Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for December 14th 2020
Green: Increase from previous day
Red: Decrease from previous day
Commodities
Daily Seasonal/Technical Commodities Trends for December 14th 2020
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for December 14th 2020
Green: Increase from previous day
Red: Decrease from previous day
Technical Scoop
Thank you to David Chapman and www.EnrichedInvesting.com for a link to their weekly report. Headline reads, “Forecast themes, correction opportunities, pumping fed, growing debt, retreated bears”. Note comments on gold, silver and gold equities. Following is the link:
S&P 500 Momentum Barometer
The Barometer slipped 0.60 to 75.55 yesterday. It remains intermediate overbought and trending down.
TSX Momentum Barometer
The Barometer dropped 1.74 to 69.63 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.
