Tech Talk for Thursday November 17th 2022

November 17, 2022

2 minute read

Technical Notes for yesterday

Lowe’s $LOW an S&P 100 stock moved above $219.99 extending an intermediate uptrend.
The company reported higher than consensus fiscal third quarter results.

Restaurant Brands International $QSR.TO a TSX 60 stock moved above Cdn$83.50 extending an intermediate uptrend. The company announced a new CEO.

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for November 16^th 2022

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for November 16^th 2022

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for November 16^th 2021

Green: Increase from previous day

Red: Decrease from previous day

Links offered by valued providers

Link offered by Mark Bunting and www.uncommonsenseinvestor.com

KEYNOTE: David Rosenberg | Red Cloud’s Mining Showcase 2022 – YouTube

Greg Schnell discusses “Setting technical stops”.

Setting Technical Stops | Greg Schnell, CMT | Market Buzz (11.16.22) – YouTube

Dave Keller’s Final Bar. Features an interview with Ryan Detrick. His charts show that the strongest three consecutive quarters in the four year Presidential cycle are the fourth quarter in the second year of the cycle plus the first and second quarters in the third year. Also included is a chart showing that U.S. equity markets perform best during the two year period when Congress is in gridlock (as was confirmed late yesterday for the next Congress).

S&P 500 Momentum Barometers

The intermediate term Barometer added 0.80 to 81.00. It remains Overbought.

The long term Barometer slipped 1.80 to 53.40. It remains Neutral.

TSX Momentum Barometers

The intermediate term Barometer slipped 2.12 to 72.88. It remains Overbought.

The long term Barometer dropped 2.12 to 44.07. It remains Neutral.

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

Author

Don Vialoux, EquityClock.com

Don Vialoux is the author of free daily reports on equity markets, sectors, commodities and Exchange Traded Funds. All of the views expressed herein are his personal views although they may be reflected in positions or transactions in the various client portfolios. Daily reports are available at http://www.timingthemarket.ca.