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Tech Talk for Thursday November 19th 2020

 

Technical Notes for Wednesday November 18th

Lowe’s (LOW), an S&P 100 stock moved below $151.37 completing a modified Head & Shoulders pattern.

Regeneron (REGN), a NASDAQ 100 stock moved below $533.23 extending an intermediate downtrend.

Selected Canadian “gassy” stocks are breaking out. Freehold Royalties moved above $4.70 extending an intermediate uptrend. PrairieSky Royalties moved above $9.82.

Target (TGT), an S&P 100 stock moved above $166.73 to an all-time high extending an intermediate uptrend.

Magna International (MG), a TSX 60 stock moved above $80.20 to an all-time high extending an intermediate uptrend.

Franco-Nevada (FNV), a TSX 60 stock moved below US$131.78 extending an intermediate downtrend.

Gold Miners ETF (GDX) moved below $36.01 extending an intermediate downtrend.

Loblaw Companies (L), a TSX 60 stock moved below $64.45 setting an intermediate downtrend

 

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for November 18th 2020

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for November 18th 2020

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for November 18th 2020

Green: Increase from previous day

Red: Decrease from previous day

 

Market Buzz

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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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