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Tech Talk for Friday May 6th 2022

 

Technical Notes released yesterday at

StockTwits.com@EquityClock

eBay $EBAY a NASDAQ 100 stock moved below $49.33 extending an intermediate downtrend.

SNC Lavalin $SNC.CA a TSX 60 stock moved below $25.93 extending an intermediate downtrend.

Yields and the US Dollar showing hints of peaking and we are reacting. equityclock.com/2022/05/04/… $IEF $TLT $AGG $TNX $USD.X $USDOLLAR $UUP

Nike $NKE a Dow Jones Industrial Average stock moved below $116.75 extending an intermediate downtrend.

Accenture $ACN an S&P 100 stock moved below $296.48 extending an intermediate downtrend.

 

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for May 5th 2022

Green: Increase from previous day

Red: Decrease from previous day

 

Commodities

Daily Seasonal/Technical Commodities Trends for May 5th 2022

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for May 5th 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)

 

S&P 500 Momentum Barometers

The intermediate term Barometer plunged 18.44 to 30.46 yesterday. It returned to Oversold on a drop below 40.00.

The long term Barometer dropped 6.41 to 36.67 yesterday. It returned to Oversold on a drop below 40.00.

 

TSX Momentum Barometers

The intermediate term Barometer dropped 8.98 to 23.74 yesterday. It remains Oversold.

The long term Barometer dropped 7.99 to 42.92 yesterday. It remains Neutral. Trend is down.

 

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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