Technical Notes for yesterday
Walmart $WMT a Dow Jones Industrial Average stock moved above $133.65 extending an intermediate uptrend.
Travelers $TRV a Dow Jones Industrial Average stock moved above intermediate resistance at $173.21.
McDonalds $MCD a Dow Jones Industrial Average stock moved above $265.46 extending an intermediate uptrend.
Colgate Palmolive $CL an S&P 100 stock moved above intermediate resistance at $81.52
Take Two $TTWO a NASDAQ 100 stock moved above $133.79 and $134.82 completing a base building pattern.
O’Reilly Automotive $ORLY a NASDAQ 100 stock moved above $748.68 to an all-time high extending an intermediate uptrend.
BCE $BCE a TSX 60 stock moved above $64.96 extending an intermediate uptrend.
Canadian Pacific $CP.TO a TSX 60 stock moved above $105.24 to an all-time high extending an intermediate uptrend.
Trader’s Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for August 16th 2022
Green: Increase from previous day
Red: Decrease from previous day
Commodities
Daily Seasonal/Technical Commodities Trends for August 16th 2022
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for August 16th 2021
Green: Increase from previous day
Red: Decrease from previous day
Link from valued provider
Tom Bowley discusses “How Wall Street Thieves Steal Your Money”.
How Wall Street Thieves Steal Your Money | Tom Bowley | Trading Places (08.16.22) – YouTube
S&P 500 Momentum Barometers
The intermediate term Barometer added 1.00 to 92.00 yesterday. It remains Overbought.
The long term Barometer added 2.40 to 51.20 yesterday. It remains Neutral. Trend remains up.
TSX Momentum Barometers
The intermediate term Barometer slipped 0.42 to 73.53 yesterday. It remains Overbought.
The long term Barometer added 0.42 to 46.22 yesterday. It remains Neutral. Trend remains up.
Disclaimer: Seasonality ratings 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
