by Don Vialoux, EquityClock.com
Morning Technical Notes for Tuesday January 19th
Costco (COST), an S&P 100 stock moved below $359.50 setting an intermediate downtrend.
South Africa iShares (EZA) moved above $45.40 extending an intermediate uptrend.
Base Metals ETN (DBB), weighted 1/3 each in copper, zinc and aluminum, moved below $17.18 completing a double top pattern.
Procter & Gamble (PG), a Dow Jones industrial stock moved below $134.20 completing a Head and Shoulders pattern.
NextEra (NEE), an S&P 100 stock moved above $82.95 to an all-time high extending an intermediate uptrend.
Trader’s Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for January 19th 2021
Green: Increase from previous day
Red: Decrease from previous day
Commodities
Daily Seasonal/Technical Commodities Trends for January 19th 2021
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for January 19th 2021
Green: Increase from previous day
Red: Decrease from previous day
S&P 500 Momentum Barometer
The intermediate Barometer slipped 1.00 to 73.15 yesterday. It remains intermediate overbought and has started to trend down.
The long term Barometer added 0.60 to 91.18 yesterday. It remains extremely intermediate overbought.
TSX Momentum Barometer
The intermediate Barometer slipped 1.91 to 66.99 yesterday. It remains intermediate overbought.
The long term Barometer slipped 0.96 to 78.95 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
This post was originally publised at Vialoux's Tech Talk.
