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Tech Talk for Wednesday December 4th 2019

 

StockTwits released yesterday @EquityClock

Kinder Morgan $KMI, an S&P 100 stock moved below $19.39 and $19.26 setting an intermediate downtrend

American International Group $AIG, an S&P 100 stock moved below $51.30 completing a Head & Shoulders pattern

Xilinx $XLNX, a NASDAQ 100 stock moved below $88.88 extending an intermediate downtrend.

First Trust Natural Gas ETF $FCG moved below $9.98 extending an intermediate downtrend.

Home Builders SPDRs $XHB moved below $44.81 completing a double top pattern.

Coal ETF $KOL moved below $10.55 extending an intermediate downtrend.

Canadian Gold iShares $XGD.CA moved above $15.99 re-establishing an intermediate uptrend.

Fertilizer ETF $SOIL moved below $8.30 extending an intermediate downtrend

Encana $ECA, a TSX 60 stock moved below $3.81 U.S. extending an intermediate downtrend.

Gold stocks are starting to break out and extend intermediate uptrends. Yamana Gold $YRI.CA moved above $5.03 extending an intermediate uptrend

Another gold stock breakout! Franco-Nevada $FNV.CA moved above $133.21 to an all-time high extending an intermediate uptrend.

BMO Junior Natural Gas ETF $ZJN.CA moved below $30.35 extending an intermediate downtrend.

Junior Gold ETF $GDXJ moved above $39.44 re-establishing an intermediate uptrend.

Trader’s Corner

 

Equity Indices and related ETFs

Daily Seasonal/Technical Equity Trends for December 3rd 2019

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for December 3rd 2019

Green: Increase from previous day

Red: Decrease from previous day


Sectors

Daily Seasonal/Technical Sector Trends for December 3rd 2019

Green: Increase from previous day

Red: Decrease from previous day

Jon Vialoux on BNN Bloomberg

Jon will be on BNN’s Market Call Tonight at 6:00pm ET today taking your calls on Technical Analysis and Seasonal Investing.  CALL TOLL-FREE 1-855-326-6266,  EMAIL marketcall@bnnbloomberg.ca,  or TWEET @MarketCall

S&P 500 Momentum Barometer

The Barometer dropped another 4.01 to 62.73 yesterday. It remains intermediate overbought.

 

TSX Momentum Barometer

The Barometer dropped 5.48 to 65.30 yesterday. It remains intermediate 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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