Technical Notes for yesterday
Canadian energy stocks came under pressure with weakness in crude oil prices. Vermillion Energy $VET.TO moved below $25.07 completing a double top pattern.
Cisco Systems $CSCO an S&P 100 stock moved above $46.21 resuming an intermediate uptrend. The company reported higher than consensus quarterly results.
Trader’s Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for November 17th 2022
Green: Increase from previous day
Red: Decrease from previous day
Commodities
Daily Seasonal/Technical Commodities Trends for November 17th 2022
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for November 17th 2021
Green: Increase from previous day
Red: Decrease from previous day
Links offered by valued providers
Tom Bowley says “Sentiment is pointing to an explosion upward”. Tom notes that downside pressure during the November options and futures expiry wind down period this week is setting up for an important upside move by U.S. equity prices starting next week.
https://www.youtube.com/watch?v=3592TfCQllk
S&P 500 Momentum Barometers
The intermediate term Barometer slipped 1.80 to 79.20. It remains Overbought.
The long term Barometer slipped 1.80 to 51.60. It remains Neutral.
TSX Momentum Barometers
The intermediate term Barometer slipped 1.89 to 71.19. It remains Overbought.
The long term Barometer dropped 2.97 to 41.10. It remains Neutral and has rolled over.
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
