by Don Vialoux, EquityClock.com
Technical Notes for yesterday
at StockCharts.com@EquityClock
Existing home sales struggle again during what is typically the height of the spring home selling season. This is threatening the strength in the consumer economy. Find out how and why in today’s report. equityclock.com/2021/06/22/… $ITB $XHB $LEN $DHI $PHM #Housing $STUDY
Brazil iShares $EWZ moved above $41.41 extending an intermediate uptrend.
Seasonal influences are positive for Brazil iShares $EWZ from mid-June to at least the beginning of November.
VALE $VALE one of the world’s largest base metals producers moved above $23.01 to an all-time high extending an intermediate uptrend.
Seasonal influences for VALE $VALE are positive on a real and relative basis (relative to the S&P 500 Index) from mid-June to the end of December.
Gasoline ETN $UGA moved above $35.85 extending an intermediate uptrend.
Match $MTCH a NASDAQ 100 stock moved above $160.25 resuming an intermediate uptrend.
Trader’s Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for June 23rd 2021
Green: Increase from previous day
Red: Decrease from previous day
Commodities
Daily Seasonal/Technical Commodities Trends for June 23rd 2021
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for June 23rd 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
Interesting Comments from https://uncommonsenseinvestor.com/
Mark Bunting from “uncommon SENSE Investor” offers links to the following articles:
How to be the Smart Money
How to Be the Smart Money – Uncommon Sense Investor
Canadian stocks are trading at the steepest discount to U.S. stocks in about 20 years.
Where were you in 2004? How This Market Mirrors 2004 and Why That’s Good
How This Market Mirrors 2004 and Why That’s Good – Uncommon Sense Investor
Market Buzz
Greg Schnell discusses “The Grand Breakout”. Following is a link:
https://www.youtube.com/watch?v=7y4x8ZnRZ0Q
S&P 500 Momentum Barometers
The intermediate term Barometer slipped 2.00 to 43.49 yesterday. It remains Neutral.
The long term Barometer eased 1.20 to 88.78 yesterday. It remains Extremely Overbought.
TSX Momentum Barometers
The intermediate term Barometer slipped 1.84 to 60.37 yesterday. It remains Overbought
The long term Barometer was unchanged at 75.12 yesterday. It remains 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.
