Timing the market

Your daily source for reloable market analysis

Send me real-time posts from this site at my email

Tech Talk for Wednesday June 3rd 2020

 

Technical Notes

China iShares (FXI) moved above $39.80 extending an intermediate uptrend.

Sirius (SIRI), a NASDAQ 100 stock moved above $6.00 setting an intermediate uptrend.

Texas Instruments (TXN), a NASDAQ 100 stock moved above $118.89 setting an intermediate uptrend.

Charter Communications (CHTR), a NASDAQ 100 stock moved above $546.54 to an all-time high extending an intermediate uptrend.

TCOM (TCOM), a NASDAQ 100 stock moved above $26.73 extending an intermediate uptrend.

Power Corp. (POW), a TSX 60 stock moved above $23.71 completing a base building pattern.

Blackberry (BB), a TSX 60 stock moved above $6.62CDN.EXTENDING an intermediate uptrend.

Sun Life Financial (SLF), a TSX 60 stock moved above $49.40 extending an intermediate uptrend.

North American Forest Product stocks and related ETFs (e.g. WOOD) continue to move higher. Nice breakout by West Fraser Timber (WFT) above $41.00 Cdn. extending an intermediate uptrend.

Global Uranium ETF (URA) moved above $11.34 extending an intermediate uptrend.

The Euro moved above 111.54 setting an intermediate uptrend.

 

Trader’s Corner

Equity Indices and related ETFs

Daily Seasonal/Technical Equity Trends for June 2nd 2020

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Seasonal/Technical Commodities Trends for June 2nd 2020

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for June 2nd 2020

Green: Increase from previous day

Red: Decrease from previous day

S&P 500 Momentum Barometer

The Barometer added 0.60 to another all-time high of 97.60 yesterday. It remains extremely intermediate overbought, but has yet to show signs of a peak.

 

TSX Momentum Barometer

The Barometer was unchanged yesterday at 88.34. It remains extremely intermediate overbought, but has yet to show signs of a peak.

 

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

Welcome! Is it your First time here?

What are you looking for? Select your points of interest to improve your first-time experience:

Apply & Continue