by Don Vialoux, EquityClock.com
Wolf on Bay Street
Don Vialoux was a guest on the “Wolf on Bay Street” show on Radio 640. The interview is released at 7:30 PM on Saturday. Focus was on the U.S. Presidential Cycle, the Santa Claus
Rally, the Santa Claus Hangover and participation in Far East markets. Following is a link:
https://globalnews.ca/radio/640toronto/player
Technical Notes for Wednesday December 23rd
Financial SPDRs (XLF) moved above $28.86 extending an intermediate uptrend.
BMO Equal Weight Global Base Metals ETF (ZMT) moved above $50.16 extending an intermediate uptrend.
Seasonal influences are positive on a real and relative basis until the end of February. See:
Chip.com (TCOM), a NASDAQ 100 stock moved below $32.50 completing a double top pattern.
Seasonal influences are negative on a real and relative basis from mid-November to mid-February. See:
https://charts.equityclock.com/ctrip-com-intl-ltd-nasdtcom-seasonal-chart
Trader’s Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for December 23rd 2020
Green: Increase from previous day
Red: Decrease from previous day
Commodities
Daily Seasonal/Technical Commodities Trends for December 23rd 2020
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for December 23rd 2020
Green: Increase from previous day
Red: Decrease from previous day
S&P 500 Momentum Barometer
The Barometer dipped 0.80 to 77.96 yesterday. It remains intermediate overbought.
TSX Momentum Barometer
The Barometer added 0.93 to 71.96 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.
