Timing the market

Your daily source for reloable market analysis

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

Tech Talk for Friday December 4th 2020

 

Technical Notes for Thursday December 3rd

U.S. Telecommunications iShares (IYZ) moved above $30.26 to a 40 month high extending an intermediate uptrend.

Natural Gas ETN (UNG) moved below $9.62 and $9.39 extending an intermediate downtrend.

Splunk (SPLK), a NASDAQ 100 stock moved below $171.07 setting an intermediate downtrend. The company reported less than consensus third quarter revenues and earnings.

Nike (NKE), a Dow Jones Industrial Average stock moved above $136.35 to an all-time high extending an intermediate uptrend.

Boeing (BA), a Dow Jones Industrial Average stock moved above $234.20 resuming an intermediate uptrend. The stock responded to news that Ryan Air ordered 75 Boeing 737 Max aircraft.

United Airlines (UAL), an S&P 100 stock moved above $38.95 resuming an intermediate uptrend. Responding to encouraging COVID 19 news.

Liberty Global (LBTYA and LBTYK), a NASDAQ 100 stock moved above $24.12 and $2361 respectively extending an intermediate uptrend.

Marriott (MAR), a NASDAQ 100 stock moved above $131.90 extending an intermediate uptrend.

Cameco (CCO), a TSX 60 stock moved above $13.39 completing a base building pattern.

Saputo (SAP), a TSX 60 stock moved above $36.28 extending an intermediate uptrend.

 

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for December 3rd 2020

Green: Increase from previous day

Red: Decrease from previous day

 

Commodities

Daily Seasonal/Technical Commodities Trends for December 3rd 2020

Green: Increase from previous day

Red: Decrease from previous day

 

Sectors

Daily Seasonal/Technical Sector Trends for December 3rd 2020

Green: Increase from previous day

Red: Decrease from previous day

 

S&P 500 Momentum Barometer

The Barometer slipped 1.80 to 80.96 yesterday. It remains extremely intermediate overbought.

 

TSX Momentum Barometer

The Barometer added 0.93 to 72.90 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

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