by Don Vialoux, EquityClock.com
Technical Notes released yesterday at
Bitcoin is moving below trendline support as it enters its seasonally weakest time of the year that spans the next three months. equityclock.com/2021/12/13/… $BTC.X $BCH.X $GBTC $BTC_F #Bitcoin
Kinross Gold $KGC a TSX 60 stock moved below US$5.15 extending an intermediate downtrend.
Editor’s Note: The stock also moved below Cdn $6.53 to a 21 month low.
Another major precious metal stock breakdown! Majestic Silver $AG moved below US$10.45 extending an intermediate downtrend.
Pfizer $PFE a Dow Jones Industrial Average stock moved above $55.70 to an all-time high extending an intermediate uptrend.
George Weston $WN.CA a TSX 60 stock moved above $142.32 to an all-time high extending an intermediate uptrend.
Trader’s Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for Dec.14th 2021
Green: Increase from previous day
Red: Decrease from previous day
Commodities
Daily Seasonal/Technical Commodities Trends for Dec.14th 2021
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for Dec.14th 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 (except TSX).
Seasonal Chart of the Day from www.EquityClock.com
Silver futures on a real and relative basis have a history of bottoming this week for a favourable trade to the first week in March.
Silver futures and their related ETNs have yet to show technical signs of bottoming. Trend remains down, units remain below their 20, 50 and 200 day moving averages and daily momentum indicators are trending down. Best to wait until short term indicators turn positive.
S&P 500 Momentum Barometers
The intermediate term Barometer dropped 5.21 to 50.90 yesterday. It remains Neutral.
The long term Barometer slipped 0.80 to 68.34 yesterday. It remains Overbought.
TSX Momentum Barometers
The intermediate term Barometer plunged 5.39 to 29.03 yesterday. It remains Oversold and trending down.
The long term Barometer dropped 1.86 to 50.23 yesterday. It remains Neutral and trending down.
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.
