Tech Talk for Tuesday April 13th 2021

by Don Vialoux, EquityClock.com

 

Technical Notes for Monday April 12th

India ETF (PIN) moved below $23.36 and $23.84 setting an intermediate downtrend. Responding to another spike in COVID 19.

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Vietnam ETF (VNM) moved above $18.75 extending an intermediate uptrend.

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US Bancorp (USB), an S&P 100 stock moved above $57.61 to an all-time high extending an intermediate uptrend.

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Berkshire Hathaway (BRK.B), an S&P 100 stock moved above $267.50 to an all-time high extending an intermediate uptrend.

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MetLife (MET), an S&P 100 stock moved above $62.66 to an all-time high extending an intermediate uptrend.

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TCOM (TCOM), a NASDAQ 100 stock moved below $36.15 completing a Head & Shoulders pattern.

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Splunk (SPLK), a NASDAQ 100 stock moved above $142.16 completing a double bottom pattern.

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Lululemon (LULU), a NASDAQ 100 stock moved above $321.30 resuming an intermediate uptrend.

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Thomson Reuters (TRI), a TSX 60 stock moved above Cdn$114.58 to an all-time high extending an intermediate uptrend.

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Bausch Health (BHC), a TSX 60 stock moved below Cdn$37.83 completing a Head & Shoulders pattern.

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Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for April 12th 2021

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Green: Increase from previous day

Red: Decrease from previous day

 

Commodities

Daily Seasonal/Technical Commodities Trends for April 12th 2021

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Green: Increase from previous day

Red: Decrease from previous day

 

Sectors

Daily Seasonal/Technical Sector Trends for April 12th 2021

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Green: Increase from previous day

Red: Decrease from previous day

All seasonality ratings are based on performance relative to the S&P 500 Index

 

S&P 500 Momentum Barometers

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The intermediate Barometer added 0.80 to 90.78 yesterday. It remains Extremely Overbought.

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The long term Barometer added 0.40 to 95.59 yesterday. It remains Extremely Overbought.

 

TSX Momentum Barometers

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The intermediate Barometer dropped 5.93 to 77.56 yesterday. It changed from Extremely Overbought to Overbought on a move below 80.00.

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The long term Barometer added 0.39 to 80.98 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.

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