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Tech Talk for Wednesday May 13th 2020

 

Technical Comments

Illumina (ILMN), a NASDAQ 100 stock moved above $324.95 yesterday resuming an intermediate uptrend.

JD.com (JD), a NASDAQ 100 stock moved above $47.98 yesterday extending an intermediate uptrend.

Honeywell (HON), an S&P 100 stock moved below intermediate support at $129.58.

Canadian Crude Oil Index ETF moved below $4.01 extending an intermediate downtrend.

 

Trader’s Corner

 

Equity Indices and related ETFs

Daily Seasonal/Technical Equity Trends for May 12th 2020

Green: Increase from previous day

Red: Decrease from previous day

 

Commodities

Seasonal/Technical Commodities Trends for May 12th 2020

Green: Increase from previous day

Red: Decrease from previous day

 

Sectors

Daily Seasonal/Technical Sector Trends for May 12th 2020

Green: Increase from previous day

Red: Decrease from previous day

 

S&P 500 Momentum Barometer

The Barometer dropped another 7.82 to 61.72 yesterday. It remains intermediate overbought and showing early signs of an intermediate peak.

 

TSX Momentum Barometer

The Barometer slipped 5.36 to 68.75 yesterday. It remains intermediate overbought and showing early signs of an intermediate peak.

 

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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