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Tech Talk for Tuesday July 16th 2019

 

StockTwits released yesterday @EquityClock

Cameco $CCO.CA $CCJ moved below $13.40 Cdn. extending an intermediate downtrend.

Technical action by S&P 500 stocks to 10:00: Bullish. Intermediate breakouts: $UA $F $FOX $LUV $KMB. Breakdown: $TAP

Editor’s Note: After 10:00 AM EDT, intermediate breakouts included CVX, UAA, NKE, AMD, BBY, BR, CF, TWTR. Breakdown: XEC.

Chevron $CVX, a Dow Jones Industrial stock moved above $126.10 extending an intermediate uptrend.

Nike $NKE, a Dow Jones Industrial stock moved above $89.75 to an all-time high extending an intermediate uptrend.

Advanced Micro Devices $AMD, a NASDAQ 100 stock moved above $34.30 to an all-time high extending an intermediate uptrend.

Touramline $TOU.CA moved above $17.65 Cdn. completing a double bottom pattern.

Husky Energy, $HSE.CA, a TSX 60 stock moved below $12.14 extending an intermediate downtrend.

 

Trader’s Corner

 

Equity Indices and related ETFs

Daily Seasonal/Technical Equity Trends for July 15th 2019

Green: Increase from previous day

Red: Decrease from previous day

 

Commodities

Daily Seasonal/Technical Commodities Trends for July 15th 2019

Green: Increase from previous day

Red: Decrease from previous day

 

Sectors

Daily Seasonal/Technical Sector Trends for July 15th 2019

Green: Increase from previous day

Red: Decrease from previous day

Technical Scoop

Thank you to David Chapman and www.enrichedinvesting.com for the following comment:

http://enrichedinvesting.com/wp-content/uploads/2019/07/Spotlight-feud-bank-bleed-backdrop-divergence-channel-top-wide-spread-gold-rose-expect-cut-oil-tension.pdf

 

S&P 500 Momentum Barometer

The Barometer slipped 1.60 to 83.60 yesterday. It remains intermediate overbought.

 

TSX Momentum Barometer

The Barometer added 0.78 to 61.04 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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