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Tech Talk for Friday February 14th 2020

 

Holidays

U.S. and Canadian equity markets are closed for a holiday on Monday.

 

StockTwits released yesterday @EquityClock

Medtronic $MDT, an S&P 100 stock moved below $115.00 completing a double top pattern

Power Corp. $POW.CA, a TSX 60 stock moved above $34.72 to an all-time high extending an intermediate uptrend

 

Josef Schachter’s Presentation at the World Outlook Conference

Josef presented three important themes at the conference:

Historically, energy outperforms as the commodity cycle unfolds.

In 2H/20 we see US$75/b for WTI crude oil and by 2024 over US$100/b.

The S&P/TSX Energy Index should triple in the coming 4-5 years and many growth and exploration ideas could be 10 baggers!

More information on Josef’s services is available at

https://schachterenergy.ca

Editor’s Note: Crude oil has a history of bottoming at this time of year on a real and relative basis for a seasonal trade to the end of June Short term momentum indicators have turned higher.

Crude Oil Futures (CL) Seasonal Chart

FUTURE_CL1 Relative to the S&P 500

 

Trader’s Corner

Equity Indices and related ETFs

Daily Seasonal/Technical Equity Trends for February 13th 2020

Green: Increase from previous day

Red: Decrease from previous day

 

Commodities

Daily Seasonal/Technical Commodities Trends for February 13th 2020

Green: Increase from previous day

Red: Decrease from previous day

 

Sectors

Daily Seasonal/Technical Sector Trends for February 13th 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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