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Tech Talk for Thursday October 15th 2020

 

Technical Notes for Wednesday October 14th

Exelon (EXC), an S&P 100 stock moved above $41.54 resuming an intermediate uptrend.

Pepsico (PEP), a NASDAQ 100 stock moved above $144.04 to an all-time high extending an intermediate uptrend.

Baidu (BIDU), a NASDAQ 100 stock moved above $135.44 extending an intermediate uptrend.

Shaw Communications (SJR), a TSX 60 stock moved below US$17.60 extending an intermediate downtrend.

With the exception of Goldman Sachs that released “blow out” third quarter results, equities of most major reporting companies moved lower yesterday after releasing third quarter results.

 

Trader’s Corner

Daily Seasonal/Technical Equity Trends for October 14th 2020

Green: Increase from previous day

Red: Decrease from previous day

 

Commodities

Daily Seasonal/Technical Commodities Trends for October 14th 2020

Green: Increase from previous day

Red: Decrease from previous day

 

Sectors

Daily Seasonal/Technical Sector Trends for October 14th 2020

Green: Increase from previous day

Red: Decrease from previous day

 

Market Buzz

Greg Schnell notes “Software: New Names Perk Up”

Following is a link:

 

S&P 500 Momentum Barometer

The Barometer dropped 2.81 to 70.28 yesterday. It remains intermediate overbought and showing early signs of rolling over.

 

TSX Momentum Barometer

The Barometer dropped another 4.23 to 54.46 yesterday. It remains intermediate neutral and showing early signs of rolling over.

 

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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