by Don Vialoux, EquityClock.com
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Technical Notes for Tuesday March 16th
Uranium ETF (URA) moved above $19.85 to a 6 year high extending an intermediate uptrend. Responding to recent strength in Cameco.
Lockheed Martin (LMT), an S&P 100 stock moved above $347.63 completing a Reverse Head & Shoulders pattern.
Starbucks (SBUX), a Dow Jones Industrial Average stock moved above $110.47 to an all-time high extending an intermediate uptrend.
Rogers Communications (RCI.B), a TSX 60 stock moved above $65.50 extending an intermediate uptrend.
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Traderās Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for March 16th 2021
Green: Increase from previous day
Red: Decrease from previous day
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Commodities
Daily Seasonal/Technical Commodities Trends for March 16th 2021
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for March 16th 2021
Green: Increase from previous day
Red: Decrease from previous day
All seasonality ratings are based on performance relative to the S&P 500 Index
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S&P 500 Momentum Barometers
The intermediate Barometer added 0.60 to 79.76 yesterday. It remains Overbought.
The long term Barometer added 0.60 to 88.58 yesterday. It remains Extremely Overbought.
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TSX Momentum Barometers
The intermediate Barometer slipped 2.37 to 72.04 yesterday. It remains Overbought.
The long term Barometer added 0.47 to 80.09 yesterday. It changed from Overbought to Extremely Overbought on a move above 80.00.
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.