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Tech Talk for Thursday September 17th 2020

 

Responses to the FOMC News at 2:00 PM EDT Yesterday

The Federal Reserve maintained an “easy money” monetary policy that is expected to continue until the end of 2013.

U.S. equity indices initial moved higher but closed lower.

Bond prices moved lower, Long term Treasury bond yields moved higher.

The U.S. Dollar and its related ETN moved higher.

Gold and most commodity prices were mixed

 

Technical Notes for September 16th

First Quantum Minerals (FM), a TSX 60 stock moved above $14.09 and $14.11 extending an intermediate uptrend.

 

Trader’s Corner

Equity Indices and related ETFs

Daily Seasonal/Technical Equity Trends for September 16th 2020

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Seasonal/Technical Commodities Trends for September 16th 2020

Green: Increase from previous day

Red: Decrease from previous day

 

Sectors

Daily Seasonal/Technical Sector Trends for September 16th 2020

Green: Increase from previous day

Red: Decrease from previous day

 

Market Buzz

Greg Schnell asks, “Can Gold Shine”? Following is the link:

 

S&P 500 Momentum Barometer

The Barometer added 3.61 to 66.53 yesterday. It remains intermediate overbought.

 

TSX Momentum Barometer

The Barometer slipped 1.24 to 60.19 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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