Tech Talk for Wednesday January 19th 2022

by Don Vialoux, EquityClock.com

 

Technical Notes released yesterday at

StockTwits.com@EquityClock

Long term Treasury iShares $TLT move below intermediate support at $140.94

clip_image001

Oil and Gas Exploration SPDRs $XOP moved above $112.26 extending an intermediate uptrend.

clip_image002

Silver iShares $SLV moved above US$21.59 setting an intermediate uptrend. Seasonal influences are favourable to the end of February. If a subscriber to EquityClock, see seasonality chart at https://charts.equityclock.com/ishares-silver-trust-nyseslv-seasonal-chart

clip_image003

Lockheed Martin $LMT an S&P 100 stock moved above $375.00 extending an intermediate uptrend. Seasonal influences are favourable until at least late February and frequently until summer. If a subscriber to EquityClock, see seasonality chart at https://charts.equityclock.com/lockheed-martin-corporation-nyselmt-seasonal-chart

clip_image004

Russell 2000 iShares $IWM moved below $208.76 extending an intermediate downtrend.

clip_image005

U.S. Broker iShares $IAI moved below $107.73 completing a double top pattern.

clip_image006

Solar ETF $TAN moved below $67.69 extending an intermediate downtrend.

clip_image007

Activision $ATVI a NASDAQ 100 stock moved above $68.01 and $83.34 following receipt of a takeover offer by Microsoft at $95 per share. Value of the offer is estimated at $68.7 billion.

clip_image008

Goldman Sachs $GS a Dow Jones Industrial Average stock moved below $366.65 completing a Head & Shoulders pattern.

clip_image009

Morgan Stanley $MS an S&P 100 stock moved below $94.21 completing a double top pattern.

clip_image010

JP Morgan $JPM a Dow Jones Industrial Average stock moved below $150.94 completing a double top pattern.

clip_image011

Fastenal $FAST a NASDAQ 100 stock moved below $58.42 completing an intermediate topping pattern.

clip_image012

Microchip Technologies $MCHP a NASDAQ 100 stock moved below $79.53 setting an intermediate downtrend.

clip_image013

Charter Communications $CHTR a NASDAQ 100 stock moved below $599.34 extending an intermediate downtrend.

clip_image014

Match Group $MTCH a NASDAQ 100 stock moved below $118.51 extending an intermediate downtrend.

clip_image015

Metro $MRU.CA a TSX 60 stock moved below $66.40 completing a double top pattern.

clip_image016

Brookfield Asset Management $BAM.A.CA a TSX 60 stock moved below intermediate support at Cdn$70.43

clip_image017

Thomson Reuters $TRI.CA a TSX 60 stock moved below intermediate support at Cdn$135.79

clip_image018

Waste Connection $WCN.CA a TSX 60 stock moved below Cdn$155.26 extending an intermediate downtrend.

clip_image019

Rogers Communications $RCI a TSX 60 stock moved above intermediate resistance at US$50.64 extending an intermediate uptrend.

clip_image020

 

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for Jan.18th 2022

clip_image022

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for Jan.18th 2022

clip_image024

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for Jan.18th 2021

clip_image026

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)

S&P 500 Momentum Barometers

clip_image027

The intermediate term Barometer dropped 7.01 to 50.50 yesterday. It remains Neutral and trending down.

clip_image028

The long term Barometer fell 5.61 to 62.12 yesterday It remains Overbought and trending down.

 

TSX Momentum Barometers

clip_image029

The intermediate term Barometer slipped 4.07 to 48.87 yesterday. It remains Neutral.

clip_image030
The long term Barometer slipped 1.81 to 54.30 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.

Total
0
Shares
Previous Article

Who Gets the Blame for Inflation?

Next Article

A Congressional Scandal, in Plain Sight

Related Posts
Subscribe to AdvisorAnalyst.com notifications
Watch. Listen. Read. Raise your average.