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Tech Talk for Thursday February 25th 2021

 

Technical Notes for Wednesday February 24th

Amgen (AMGM), a NASDAQ 100 stock moved below $229.68 setting an intermediate downtrend.

Raytheon Technologies (RTX), an S&P 100 stock moved above $75.32 extending an intermediate uptrend.

Verisk Analytics (VRSN), a NASDAQ 100 stock moved below $182.52 and $174.57 setting an intermediate downtrend.

Check Point (CHKP), a NASDAQ 100 stock moved below $112.58 extending an intermediate downtrend.

Ford (F), an S&P 100 stock moved above $12.15 to a six year high extending an intermediate uptrend.

MasterCard (MA), an S&P 100 stock moved above $366.36 to an all-time high extending an intermediate uptrend.

Chile iShares (ECH) moved above $33.25 extending an intermediate uptrend. Responding to higher copper prices!

Philadelphia Oil Services Index (OSX) moved above $55.14 extending an intermediate uptrend.

 

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for February 24th 2021

Green: Increase from previous day

Red: Decrease from previous day

 

Commodities

Daily Seasonal/Technical Commodities Trends for February 24th 2021

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for February 24th 2021

Green: Increase from previous day

Red: Decrease from previous day

 

Market Buzz

Greg Schnell discusses “Hot and Old Industries”. Following is a link:

 

Changes in Seasonality Rating

Dow Jones Industrial Average relative to the S&P 500 Index changed from Positive to Negative from February 25th to September 20th.

Australia All Ordinaries relative to the S&P 500 Index changed from Positive from February 25th to Negative to June 7th

 

S&P 500 Momentum Barometer

The intermediate Barometer added 3.01 to $67.54 yesterday. It remains overbought.

The long term Barometer added 0.20 to 86.17 yesterday. It remains extremely overbought.

 

TSX Momentum Barometer

The intermediate Barometer added 3.86 to 57.40 yesterday. It remains Neutral/

The long term Barometer added $0.48 to 73.43 yesterday. It remains overbought.

 

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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