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Tech Talk for Friday May 22nd 2020

 

Next Tech Talk Report

It will be available on Monday despite the U.S. Memorial Day holiday in the U.S.

 

Technical Notes

Starbucks (SBUX), an S&P 100 stock moved above $$78.72 resuming an intermediate uptrend.

Eli Lilly (LLY), an S&P 100 stock moved below $150.55 completing a double top pattern.

Lululemon Athletica (LULU, a NASDAQ 100 stock moved above $266.20 to an all-time high extending an intermediate uptrend.

 

Trader’s Corner

Equity Indices and related ETFs

Daily Seasonal/Technical Equity Trends for May 21st 2020

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Seasonal/Technical Commodities Trends for May 21st 2020

Green: Increase from previous day

Red: Decrease from previous day

 

Sectors

Daily Seasonal/Technical Sector Trends for May 21st 2020

Green: Increase from previous day

Red: Decrease from previous day

S&P 500 Momentum Barometer

The Barometer slipped 0.40 to 81.75 yesterday. It remains intermediate overbought.

 

TSX Momentum Barometer

The Barometer added 1.79 to 79.46 yesterday. It remains intermediate 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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