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Tech Talk for Friday May 20th 2022

 

Editor’s Note

Next Tech Talk is released on Monday despite being a holiday in Canada.

Technical Notes for yesterday

Consumer Staples SPDRs XLP moved below $71.02 extending an intermediate downtrend.

Procter & Gamble PG a Dow Jones Industrial Average stock moved below $142.33 extending an intermediate downtrend.

Travelers TRV a Dow Jones Industrial Average stock moved below $167.64 extending an intermediate downtrend.

Broadcom AVGO an S&P 100 stock moved below intermediate support at $553.40 and $546.33.

CDW CDW a NASDAQ 100 stock moved below $159.91 extending an intermediate downtrend.

Allstate ALL an S&P 100 stock moved below $125.43 extending an intermediate downtrend.

 

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for May 19th 2022

Green: Increase from previous day

Red: Decrease from previous day

 

Commodities

Daily Seasonal/Technical Commodities Trends for May 19th 2022

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for May 19th 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)

 

Links offered by Valued Providers

Interview with Martin Armstrong

New Interview: Martin Armstrong on The Hrvoje Morić Show | Armstrong Economics

 

Greg Schnell discusses “How to discover a new rally”.

 

S&P 500 Momentum Barometers

The intermediate term Barometer slipped 2.00 to 14.63 yesterday. It remains Oversold. Trend remains down.

The long term Barometer slipped 0.60 to 27.66 yesterday. It remains Oversold, Trend remains down.

 

TSX Momentum Barometers

The intermediate term Barometer added 1.42 to 24.13 yesterday. It remains Oversold.

The long term Barometer added 1.90 to 35.96 yesterday. It remains Oversold.

 

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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