Tech Talk for Tuesday August 30th 2022

da bull and and a bear

Technical Notes for yesterday

Pharmaceutical ETF $PPH moved below $71.87 extending an intermediate downtrend.

Johnson & Johnson $JNJ a Dow Jones Industrial Average stock moved below $164.02 extending an intermediate downtrend.

Incyte $INCY a NASDAQ 100 stock moved below $70.76 extending an intermediate downtrend.

Cameco $CCJ a TSX 60 stock moved above intermediate resistance at US$28.28.

Pinduoduo $PDD a NASDAQ 100 stock moved above $68.71 extending an intermediate uptrend.

Brookfield Infrastructure $BIP/UN.TO a TSX 60 stock moved above Cdn$56.57 to an all-time high extending an intermediate uptrend.

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for August 29th 2022

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for August 29th 2022

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for August 27th 2021

Green: Increase from previous day

Red: Decrease from previous day

Link offered by a valued provider

Market Watch comment:

https://www.marketwatch.com/story/stocks-headed-for-more-pain-as-3-900-becomes-new-line-in-the-sand-for-the-s-p-500-chart-watchers-say-11661790654?mod=home-page

S&P 500 Momentum Barometers

The intermediate term Barometer dropped 4.60 to 60.00 yesterday. It remains Overbought. Trend is down.

The long term Barometer slipped 1.40 to 33.20 yesterday. It remains Oversold. Trend is down.

TSX Momentum Barometers

The intermediate term Barometer slipped 1.68 to 65.97 yesterday. It remains Overbought. Trend is down.

The long term Barometer added 0.42 to 37.82 yesterday. It remains Oversold.

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

Total
0
Shares
Previous Article

Your Inflation May Vary

Next Article

Energy Fuels Inc. - (EFR.TO) - August 30, 2022 (Daily Stock Report)

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