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Tech Talk for Friday January 17th 2020

 

StockTwits released yesterday @EquityClock

Pepsico $PEP, an S&P 100 stock moved above $139.47 to an all-time high extending an intermediate uptrend.

Bank on New York Mellon $BK, an S&P 100 stock moved below $49.80 and $47.91 setting an intermediate downtrend

Paychex $PAYX, a NASDAQ 100 stock moved above $87.84 to an all-time high extending an intermediate uptrend.

Bombardier $BBD.B.CA, a TSX 60 stock moved below $1.53 to a 4 year low extending an intermediate downtrend. The company lowered quarterly revenues and earnings guidance.

Imperial Oil $IMO.CA, a TSX 60 stock moved above $35.31 setting an intermediate uptrend.

Johnson & Johnson $JNJ, a Dow Jones Industrial stock moved above $147.84 to an all-time high extending an intermediate uptrend.

Cisco Systems $CSCO, a Dow Jones Industrial stock moved above $48.62 setting an intermediate uptrend.

Honeywell $HON, an S&P 100 stock moved above $182.21 to an all-time high extending an intermediate uptrend.

Breakouts that occurred in closing trades after 4:00 PM EST

U.S. Aerospace and Defense iShares $ITA moved above $232.86 to an all-time high extending an intermediate uptrend.

UnitedHealth Group $UNH, a Dow Jones Industrial stock moved above $300.00 to an all-time high extending an intermediate uptrend.

U.S. REIT iShares $IYT moved above $95.06 to an all-time high extending an intermediate uptrend.

U.S. Insurance iShares $IAK moved above $72.30 to an all-time high extending an intermediate uptrend.

 

Trader’s Corner

Equity Indices and related ETFs

Daily Seasonal/Technical Equity Trends for January 16th 2019

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for January 16th 2019

Green: Increase from previous day

Red: Decrease from previous day

 

Sectors

Daily Seasonal/Technical Sector Trends for January 16th 2019

Green: Increase from previous day

Red: Decrease from previous day

Observation

Classic reverse Head & Shoulders pattern on a break above $22.25!

 

S&P 500 Momentum Barometer

The Barometer gained 6.41 to 82.16 yesterday. It remains intermediate overbought.

 

TSX Momentum Barometer


The Barometer added 2.29 to 78.44 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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