Tech Talk for Wednesday September 8th 2021

by Don Vialoux, EquityClock.com

 

Technical Notes released yesterday at

StockTwits.com@EquityClock

Ross Stores $ROST a NASDAQ 100 stock moved below $114.11 completing a Head & Shoulders pattern

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MMM $MMM a Dow Jones Industrial Average stock moved below $190.08 completing a double top pattern.

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Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for September 7th 2021

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Green: Increase from previous day

Red: Decrease from previous day

 

Commodities

Daily Seasonal/Technical Commodities Trends for September 7th 2021

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Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for September 7th 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 term Barometer dropped 6.51 to 59.72 yesterday. It changed from Overbought to Neutral on a move below 60.00 and is trending down.

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The long term Barometer dropped 2.00 to 78.76 yesterday. It changed from Extremely Overbought to Overbought by moving below 80.00 and is trending down.

 

TSX Momentum Barometers

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The intermediate term Barometer dropped 3.14 to 61.88 yesterday. It remains Overbought.

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The long term Barometer slipped 1.60 to 74.26 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.

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