by Don Vialoux, EquityClock.com
Responses to the FOMC decision at 2:00 PM EDT yesterday
The FOMC maintained its Fed Fund rate at 0.00-0.25% and projected no rate hike through 2023. Responses included the following:
U.S. equity indices moved higher
Long term bond prices initially moved lower, but closed unchanged
The U.S. Dollar and its related ETN moved lower
Gold prices moved higher
Technical Notes for Wednesday March 17th
Palladium ETN (PALL) moved above $236.33 resuming an intermediate uptrend.
Brookfield Asset Management (BAM.A), a TSX 60 stock moved above $55.85 and $55.94 extending an intermediate uptrend.
Booking Holdings (BKNG), a NASDAQ 100 stock moved above $2450.26 to an all-time high extending an intermediate uptrend.
Trader’s Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for March 17th 2021
Green: Increase from previous day
Red: Decrease from previous day
Commodities
Daily Seasonal/Technical Commodities Trends for March 17th 2021
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for March 17th 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
The Canadian Technician
Greg Schnell says, “5G is the meme”. Following is a link to his report.
5G Is The Meme | The Canadian Technician | StockCharts.com
Market Buzz
Greg Schnell discusses “All about the home”. Following is a link:
https://www.youtube.com/watch?v=pHdiEYqG0Tw
S&P 500 Momentum Barometers
The intermediate Barometer slipped 0.80 to 78.96 yesterday. It remains Overbought
The long term Barometer eased 0.80 yesterday. It remains Extremely Overbought.
TSX Momentum Barometers
The intermediate Barometer added 1.42 to 73.46 yesterday. It remains Overbought.
The long term Barometer added 0.95 to 81.04 yesterday. It remains Extremely 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.
