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Tech Talk for Wednesday February 12th 2020

 

StockTwits released yesterday @EquityClock

Philip Morris $PM, an S&P 100 stock moved above $89.13 extending an intermediate uptrend.

MetLife $MET, an S&P 100 stock moved above $52.29 to an all-time high extending an intermediate uptrend.

Seattle Genetics $SGEN, a NASDAQ 100 stock moved above $122.36 to an all-time high extending an intermediate uptrend.

Check Point $CHKP, a NASDAQ 100 stock moved above $118.67 extending an intermediate uptrend.

U.S. Telecommunications iShares $IYZ moved above $30.75 in response to the Sprint/T-Mobil merger judicial decision extending an intermediate uptrend.

Exelon $EXC, an S&P 100 stock moved above $49.31 extending an intermediate uptrend.

Cisco Systems $CSCO, a Dow Jones Industrial stock moved above $49.54 completing a base building pattern

Biotech ETF $BBH moved above $143.02 to an all-time high extending an intermediate uptrend.

 

Observations

Lumber futures price broke above $444.90 to an 18 month high completing a base building pattern.

Forest product ETFs and stocks on both sides of the border responded to higher lumber prices.

‘Tis the season for forest product stocks to move higher!

Forest Products Industry Seasonal Chart

S5FRST Index Relative to the S&P 500

 

Trader’s Corner

Equity Indices and related ETFs

Daily Seasonal/Technical Equity Trends for February 11th 2020

Green: Increase from previous day

Red: Decrease from previous day

 

Commodities

Daily Seasonal/Technical Commodities Trends for February 11th 2020

Green: Increase from previous day

Red: Decrease from previous day

 

Sectors

Daily Seasonal/Technical Sector Trends for February 11th 2020

Green: Increase from previous day

Red: Decrease from previous day

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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