by Don Vialoux, EquityClock.com
Technical Notes released yesterday at
eBay $EBAY a NASDAQ 100 stock moved below $49.33 extending an intermediate downtrend.
SNC Lavalin $SNC.CA a TSX 60 stock moved below $25.93 extending an intermediate downtrend.
Yields and the US Dollar showing hints of peaking and we are reacting. equityclock.com/2022/05/04/… $IEF $TLT $AGG $TNX $USD.X $USDOLLAR $UUP
Nike $NKE a Dow Jones Industrial Average stock moved below $116.75 extending an intermediate downtrend.
Accenture $ACN an S&P 100 stock moved below $296.48 extending an intermediate downtrend.
Trader’s Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for May 5th 2022
Green: Increase from previous day
Red: Decrease from previous day
Commodities
Daily Seasonal/Technical Commodities Trends for May 5th 2022
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for May 5th 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)
S&P 500 Momentum Barometers
The intermediate term Barometer plunged 18.44 to 30.46 yesterday. It returned to Oversold on a drop below 40.00.
The long term Barometer dropped 6.41 to 36.67 yesterday. It returned to Oversold on a drop below 40.00.
TSX Momentum Barometers
The intermediate term Barometer dropped 8.98 to 23.74 yesterday. It remains Oversold.
The long term Barometer dropped 7.99 to 42.92 yesterday. It remains Neutral. Trend is 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.
