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Tech Talk for Thursday January 23rd 2020

 

StockTwits released yesterday @EquityClock

Capital One $COF, an S&P 100 stock moved above $105.70 to an all-time high extending an intermediate uptrend. Strength followed higher than consensus fourth quarter earnings.

‘Tis the season to own Capital One $COF between now and May!

Cerner $CERN, a NASDAQ 100 stock moved above $76.08 to an all-time high extending an intermediate uptrend.

CCL Industries $CCL.B.CA, a TSX 60 stock moved above $58.32 extending an intermediate uptrend.

Rogers Communications $RCI $RCI.B.CA, a TSX 60 stock moved above U.S. $50.85 extending an intermediate uptrend.

 

Trader’s Corner

Equity Indices and related ETFs

Daily Seasonal/Technical Equity Trends for January 22nd 2020

Green: Increase from previous day

Red: Decrease from previous day

 

Commodities

Daily Seasonal/Technical Commodities Trends for January 22nd 2020

Green: Increase from previous day

Red: Decrease from previous day

 

Sectors

Daily Seasonal/Technical Sector Trends for January 22nd 2020

Green: Increase from previous day

Red: Decrease from previous day

 

Keith Richards’ Blog

Keith asks, “Must everyone get stoned”? Following is a link:

https://www.valuetrend.ca/must-everyone-get-stoned/

 

Greg Schnell’s “Market Buzz”

Distributed yesterday. Greg focuses on the Consumer Discretionary sector. Following is a link:

 

S&P 500 Momentum Barometer

The Barometer dropped another 2.40 to 76.35 yesterday. It remains intermediate overbought and showing early signs of rolling over.

 

TSX Momentum Barometer

The Barometer slipped another 0.10 to 77.06 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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