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Tech Talk for Wednesday May 20th 2020

 

Technical Notes

Editor’s Note: Lots of breakouts above 15 day trading ranges

South Africa iShares (EZA) moved above $33.18 extending an intermediate uptrend.

Frontier iShares (FM) moved above $23.24 extending an intermediate uptrend.

Crude Oil ETN (ZEO) moved above $28.92 extending an intermediate uptrend.

Semiconductor iShares (SOXX) moved above $244.63 setting an intermediate uptrend.

Metals and Mining iShares (XME) advanced above $20.40 extending an intermediate uptrend.

Base Metals iShares moved (XBM) above $8.78 Cdn. extending an intermediate uptrend.

Coal ETF (KOL) moved above $68.60 setting an intermediate uptrend.

NetApp (NTAP), a NASDAQ 100 stock moved above $45.14 extending an intermediate uptrend.

Amazon (AMZN), a NASDAQ 100 stock moved above $2475.00 to an all-time high extending an intermediate uptrend.

KLA Tencor (KLAC), a NASDAQ 100 stock moved above $176.32 setting an intermediate uptrend.

Inter Pipeline (IPL), a TSX 60 stock moved above $12.28 Cdn. extending an intermediate uptrend.

Abbott Labs (ABT), an S&P 100 stock moved below $88.71 setting an intermediate downtrend.

Marijuana ETF (HMMJ) moved above $6.96 completing a base building pattern.

 

Trader’s Corner

 

Equity Indices and related ETFs

Daily Seasonal/Technical Equity Trends for May 19th 2020

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Seasonal/Technical Commodities Trends for May 19th 2020

Green: Increase from previous day

Red: Decrease from previous day

 

Sectors

Daily Seasonal/Technical Sector Trends for May 19th 2020

Green: Increase from previous day

Red: Decrease from previous day

 

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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