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Tech Talk for Tuesday November 12th 2019

 

StockTwits released yesterday @EquityClock

Open Text $OTEX $OTEX.CA, a TSX 60 stock moved above intermediate resistance at $42.65 U.S. and $55.53 Cdn. following announcement of its acquisition of Carbonite for $23 per share.

CGI Inc $GIB $GIB.A.CA, a TSX 60 stock moved above $80.59 U.S. and $106.03 Cdn. to an all-time high extending an intermediate uptrend.

Platinum ETN $PPLT moved below $82.40 setting an intermediate downtrend.

 

Trader’s Corner

 

Equity Indices and related ETFs

Daily Seasonal/Technical Equity Trends for November 11th 2019

Green: Increase from previous day

Red: Decrease from previous day

 

Commodities

Daily Seasonal/Technical Commodities Trends for November 11th 2019

Green: Increase from previous day

Red: Decrease from previous day

 

Sectors

Daily Seasonal/Technical Sector Trends for November 11th 2019

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 weekly report:

http://enrichedinvesting.com/wp-content/uploads/2019/11/Market-argument-following-bust-average-boom-rate-risk-negative-warning-positive-concern-gold-corrects.pdf

 

S&P 500 Momentum Barometer

The Barometer slipped 0.40 to 66.13 yesterday. It remains intermediate overbought.

 

TSX Momentum Barometer

The Barometer gained 3.17 to 62.44 yesterday. It changed to intermediate overbought from intermediate neutral on a move above 60.00.

 

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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