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Tech Talk for Friday August 13th 2021

 

Technical Notes released yesterday at

StockTwits.com@EquityClock

While prices of a wide range of goods are rising well above average, this one industry is showing a record decline in prices, which forms the basis of our short call in this stock. equityclock.com/2021/08/11/… $STUDY $TIP #Economy #CPI

20 year + Treasury Bond iShares $TLT moved below $146.49 completing a double top pattern.

Trip .com Group $TCOM a NASDAQ 100 stock moved below $23.90 extending an intermediate downtrend.

Silver stocks remain under technical pressure. First Majestic Silver $AG moved below $12.34 extending an intermediate downtrend.

National Bank $NA.CA a TSX 60 stock moved above $98.03 to an all-time high extending an intermediate uptrend.

Gildan Activewear $GIL.CA a TSX 60 stock moved above $47.69 extending an intermediate uptrend

 

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for August 12th 2021

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for August 12th 2021

Green: Increase from previous day

Red: Decrease from previous day

 

Sectors

Daily Seasonal/Technical Sector Trends for August 12th 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

Seasonality Chart of the Day from www.EquityClock.com

Seasonal influences for the NASDAQ Composite Index turns from Neutral to Positive on a real and relative basis (relative to the S&P 500 Index) in mid-August and remains favourable until at least the end of November and frequently to mid-January.

Technicals already are positive this year due to anticipation of a recovery from COVID 19

 

S&P 500 Momentum Barometers

The intermediate term Barometer added 1.00 to 68.94 yesterday. It remains Overbought.

The long term Barometer slipped 1.20 to 85.57 yesterday. It remains Extremely Overbought.

 

TSX Momentum Barometers

The intermediate term Barometer slipped 0.22 to 54.37 yesterday. It remains Neutral.

The long term Barometer eased 1.11 to 70.87 yesterday. It remains Overbought.

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

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