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Tech Talk for Tuesday March 10th 2020

 

Jon Vialoux on BNNBloomberg’s Market Call Tonight

 

Recorded last night. Following are links:

 

Market Comment

https://www.bnnbloomberg.ca/video/jon-vialoux-s-market-outlook~1918256

Past Picks

https://www.bnnbloomberg.ca/video/jon-vialoux-s-past-picks~1918275

Top Picks

https://www.bnnbloomberg.ca/video/jon-vialoux-s-top-picks~1918290

 

Observations

The drop in equity markets was prompted by lower crude oil prices

Lower oil equities and related ETF prices were the focus on both sides of the border.

 

StockTwits released yesterday @EquityClock

Another 58 S&P 100/NASDAQ 100 stocks broke short and intermediate support levels just after the opening.

TSX 60 stocks breaking short/intermediate support this morning: $TRP.CA $BIP/UN.CA $ARX.CA $ENB.CA $CCO.CA $CNR.CA $BCE.CA $CP.CA $MG.CA $RCI.B.CA $OTEX.CA $SJR.B.CA $FTS.CA $TECK.B.CA

 

Trader’s Corner

Equity Indices and related ETFs

Daily Seasonal/Technical Equity Trends for March 9th 2020

Green: Increase from previous day

Red: Decrease from previous day

 

Commodities

Daily Seasonal/Technical Commodities Trends for March 9th 2020

Green: Increase from previous day

Red: Decrease from previous day

 

Sectors

Daily Seasonal/Technical Sector Trends for March 9th 2020

Green: Increase from previous day

Red: Decrease from previous day

 

Technical Scoop

Compliments of David Chapman and www.EnrichedInvesting.com

Headline reads, March lion, COVID volatility, golden performer, slashed rates, ongoing repo, bear territory, oil war” Following is a link:

http://enrichedinvesting.com/wp-content/uploads/2020/03/March-lion-COVID-volatility-golden-performer-slashed-rates-ongoing-repo-bear-territory-oil-war.pdf

 

S&P 500 Momentum Barometer

The Barometer plunged 9.22 to 5.01 yesterday. It remains deeply oversold, but has yet to show significant signs of an intermediate bottom.

 

TSX Momentum Barometer

The Barometer plunged 16.18 to a new 15 month low. It remains intermediate oversold, but has yet to show significant signs of an intermediate bottom.

 

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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