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Tech Talk for Wednesday May 22nd 2019

 

StockTwits released yesterday @EquityClock

Technical action by S&P 500 stocks to 10:00: Quietly mixed. Intermediate breakout: $ABBV. Breakdowns: $KSS $VAR

Dollarama $DOL.CA, a TSX 60 stock moved above $42.27 extending an intermediate uptrend after Wells Fargo upgraded the stock to Outperform from Market Perform. Target was raised to $48 from $34.

CGI Group $GIB.A $GIB, a TSX 60 stock moved above $98.00 Cdn to an all-time high extending an intermediate uptrend.

Extendicare $EXE.CA moved above $8.10 extending an intermediate uptrend

Cott Corp $BCB.CA moved below $17.85 extending an intermediate downtrend.

U.S. Dollar Index ETN $UUP moved above $26.35 extending an intermediate uptrend.

 

Trader’s Corner

Equity Indices and related ETFs

Daily Seasonal/Technical Equity Trends for May 21st 2019

Green: Increase from previous day

Red: Decrease from previous day

 

Commodities

Daily Seasonal/Technical Commodities Trends for May 21st 2019

Green: Increase from previous day

Red: Decrease from previous day

 

Sectors

Daily Seasonal/Technical Sector Trends for May 21st 2019

Green: Increase from previous day

Red: Decrease from previous day

S&P 500 Momentum Barometer

The Barometer dropped on Monday, but more than recovered yesterday to close at 50.40. It remains intermediate neutral and trending down.

 

TSX Momentum Barometer

The Barometer added 1.26 to 51.88 yesterday. It remains intermediate neutral.

 

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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