Tech Talk for Tuesday April 12th 2022

by Don Vialoux, EquityClock.com

 

Technical Notes released yesterday at

StockTwits.com@EquityClock

Advanced Micro Devices $AMD a NASDAQ 100 stock moved below $99.35 extending an intermediate downtrend.

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Wheaton Precious Metals $WPM a TSX 60 stock moved above US$50.18 extending an intermediate uptrend.

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Taiwan iShares $EWT moved below $59.04 extending an intermediate downtrend. Reflecting weakness in Chinese equity prices.

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Gildan Activewear $GIL.CA a TSX 60 stock moved below $44.50 extending an intermediate downtrend.

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Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for April 11th 2022

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Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for April 11th 2022

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Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for April 11th 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 (except TSX)

 

S&P 500 Momentum Barometers

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The intermediate term Barometer dropped another 4.41 to 51.90 yesterday. It remains Neutral. Trend is down.

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The long term Barometer slipped 1.40 to 48.10 yesterday. It remains Neutral. Trend is down.

 

TSX Momentum Barometers

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Intermediate term Barometer fell 4.42 to 56.19 yesterday. It changed from Overbought to Neutral on a drop below 60.00. Trend is down.

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The long term Barometer slipped 0.88 to 61.06 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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