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Tech Talk for Tuesday February 11th 2020

 

Observations

The U.S. Dollar Index ETN surged to a new all-time high.

By definition, most other currencies moved lower.

 

StockTwits released yesterday @EquityClock

iShares REIT $IYR moved above $96.62 to an all-time high extending an intermediate uptrend

Husky Energy $HSE.CA, a TSX 60 stock moved below $8.26 to a 15 year low extending an intermediate downtrend.

BMO Equal Weight Canadian Bank ETF $ZEB moved above $30.16 to an all-time high extending an intermediate uptrend.

Boeing $BA, a Dow Jones Industrial stock moved above intermediate resistance at $344.19

George Weston $WN.CA, a TSX 60 stock moved above intermediate resistance at $108.90

NetEase $NTES, a NASDAQ 100 stock moved above $352.00 extending an intermediate uptrend.

Alphabet $GOOGL, a NASDAQ 100 stock moved above $1500.58 to an all-time high extending an intermediate uptrend.

Editor’s Note: Ditto for $GOOGL!

 

Trader’s Corner

Equity Indices and related ETFs

Daily Seasonal/Technical Equity Trends for February 10th 2020

Green: Increase from previous day

Red: Decrease from previous day

 

Commodities

Daily Seasonal/Technical Commodities Trends for February 10th 2020

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for February 10th 2020

Green: Increase from previous day

Red: Decrease from previous day

Technical Scoop

Thank you to David Chapman and www.enrichedinvesting.com for a link to the following report. Headline reads, “Rickards war, helicopter money, falling rates, creeping signs, strong numbers, precious hold”.

http://enrichedinvesting.com/wp-content/uploads/2020/02/Rickards-war-helicopter-money-falling-rates-creeping-signs-strong-numbers-precious-hold.pdf

 

S&P 500 Momentum Barometer

The Barometer added 1.00 to 64.13 yesterday. It remains intermediate overbought.

 

TSX Momentum Barometer

The Barometer was unchanged yesterday at 59.72. It remains intermediate neutral.

 

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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