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
Greg Schnell says,”Book that vacation”. Following is a link:
Disclaimer: Seasonality and technical ratings offered in this report and at