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

Tech Talk for Thursday November 11th 2021

 

Technical Notes released yesterday at

StockTwits.com@EquityClock

Real return of long-term treasury bonds at the lowest level since May of 1980, but this just bodes well for stocks as investors are pushed further out on the risk spectrum. equityclock.com/2021/11/09/… $TLT $TBT $IEF $TYX $BLV

Natural Gas ETN $UNG moved below $17.13 and $16.49 completing a Head & Shoulders pattern. "Gassy" stocks and related ETFs (e.g. $FCG) are sharply lower.

Biotech NASD iShares $IBB moved below $153.38 extending an intermediate downtrend.

Zoom Video $ZM a NASDAQ 100 stock moved below $250.11 extending an intermediate downtrend

Procter & Gamble $PG a Dow Jones Industrial Average stock moved above $146.32 to an all-time high extending an intermediate uptrend.

Gold bullion ETN $GLD moved above $171.52 completing a reverse Head & Shoulders pattern.

Silver bullion ETN $SLV moved above $22.98 and $23.04 completing a reverse Head & Shoulders pattern.

Platinum ETN $PPLT moved above $100.45 extending an intermediate uptrend.

Gold equity ETF $GDX moved above $33.95 completing a reverse Head & Shoulders pattern.

Silver equity ETF $SIL moved above $41.67 completing a reverse Head & Shoulders pattern

Gold iShares $XGD.CA moved above Cdn$18.32 and Cdn$18.45 completing a reverse Head & Shoulders pattern

Barrick Gold $ABX.CA a TSX 60 stock moved above Cdn$24.72 completing a double bottom pattern

Wheaton Precious Metals $WPM a TSX 60 stock moved above US$42.63 setting an intermediate uptrend.

 

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for Nov.10th 2021

Green: Increase from previous day

Red: Decrease from previous day


Commodities

Daily Seasonal/Technical Commodities Trends for Nov.10th 2021

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for Nov.10th 2021

Green: Increase from previous day

Red: Decrease from previous day

All seasonality ratings are based on performance relative to the S&P 500 Index (except TSX).

 

Market Buzz

Greg Schnell discusses “the art of selling your stock”. Following is a link:

 

S&P 500 Momentum Barometers

The intermediate term Barometer added 1.40 to 74.55 yesterday. It remains Overbought and continues to trend higher.

The long term Barometer added 0.60 to 76.75 yesterday. It remains Overbought and continues to trend higher.

 

TSX Momentum Barometers

The intermediate term Barometer dropped 3.83 to 72.25 yesterday. It remains Overbought.

The long term Barometer added 1.44 to 72.73 yesterday. It remains 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