Tech Talk for Thursday November 28th 2019

Daily Reports Add comments

 

StockTwits released yesterday @EquityClock

Home Builders SPDRs $XHB moved above $46.38 to an all-time high extending an intermediate uptrend.

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Amazon $AMZN, a NASDAQ 100 stock moved above $1815.06 resuming an intermediate uptrend

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Couche Tard $ATD.B.CA , a TSX 60 stock moved above $44.07 to an all-time high extending an intermediate uptrend

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McDonalds $MCD, a Dow Jones Industrial stock moved above $196.00 completing a base building pattern.

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TSX Technology iShares XIT.CA moved above $28.57 to an all-time high extending an intermediate uptrend.

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United Kingdom iShares$EWU moved above $33.17 extending an intermediate uptrend

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Trader’s Corner

 

Equity Indices and related ETFs

Daily Seasonal/Technical Equity Trends for November 27th 2019

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Green: Increase from previous day

Red: Decrease from previous day

 

Commodities

Daily Seasonal/Technical Commodities Trends for November 27th 2019

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Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for November 27th 2019

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Green: Increase from previous day

Red: Decrease from previous day

Greg Schnell’s Market Buzz for November 27th

Following is a link

https://www.youtube.com/watch?v=BTbFF_A3VAA&feature=youtu.be

Greg does an update on the energy and precious metal sectors in the latter half of the tape. Both sectors are starting to line up for a trade, but intermediate technicals are not quite there yet.

Seasonal influences also turn positive during the next two weeks. Stay tuned!!!

 

S&P 500 Momentum Barometer

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The Barometer gained another 3.61 to 75.55 yesterday. It remains intermediate overbought, but continues to trend higher.

 

TSX Momentum Barometer

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The Barometer gained another 4.86 to 69.86 yesterday. It remains intermediate overbought, but continues to trend higher.

 

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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3 Responses to “Tech Talk for Thursday November 28th 2019”

  1. FishFat Says:

    Keep an eye on A&W Royalty Trust (AW/un.to). The price is testing support for a second time. There is positive divergence of several indicators including the MACD and RSI. Slow stochastics has been oversold and just moved back above the 20-level. The period of seasonal strength starts Dec 06.
    https://stockcharts.com/h-sc/ui?s=AW%2FUN.TO&p=D&st=2019-01-07&en=2019-11-27&id=p52327365571&listNum=85&a=703180579

  2. tony Says:

    Fishfat

    A&W looks like it will rise like their floaters but not there yet.

    but keeping an eye on it. Will I jump in the boat eventually don’t know will need to see.

  3. tony Says:

    Larry

    I agree with you not as much activity as we once had. I still remember the days of 200 plus post in a single day.

    I read the posts but stopped posting because I noticed my comments weren’t being taken serously so I started writing less and less.

    I still trade and making a killing I get my bad share of trades but I sell them pretty quickly and keep my winners.

    I keep Canuck2000 motto in mind 2 feet in the middle with my winners and let loose my losers asap.

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