Tech Talk for Thursday December 26th 2019

Daily Reports Add comments

 

StockTwits released on Tuesday @EquityClock

Gold equities and related ETFs/stocks are leading equity market advances this morning. Nice breakouts above intermediate resistance by $GDX $GDXJ $XGD.CA

clip_image001

clip_image002

Wheaton Precious Metals $WPM $WPM.CA, a TSX 60 stock moved above $28.64 U.S. and $38.14 Cdn. extending an intermediate uptrend.

clip_image003

First Majestic Silver $AG $FR.CA moved above $11.62 U.S. extending an intermediate uptrend.

clip_image004

Another precious metals equity breakout! Franco- Nevada $FNV $FNV.CA, a TSX 60 stock moved above $100.67 U.S. to an all-time high extending an intermediate uptrend.

clip_image005

Another gold stock breakout! Kinross Gold $KGC $K.CA moved above $4.57 U.S. resuming an intermediate uptrend.

clip_image006

Editor’s Note: Silver Miners ETF also broke to new highs on a move above $35.26..

clip_image007

‘Tis the season for gold, silver and precious metal stocks/ETFs to move higher until the end of February!

clip_image009

Base Metal stocks continue to move higher. Nice breakout above a base building pattern by Hudbay Minerals $HBM.CA above $5.41

clip_image010

Canadian Bank stocks remain under technical pressure. $ZEB.CA. Bank of Nova Scotia competed a Head & Shoulders pattern by moving below $73.12 $BNS.CA

clip_image011

Natural gas prices remain under pressure. Natural Gas ETN $UNG moved below $16.88 extending an intermediate downtrend.

clip_image012

Another Canadian energy breakout! Birchcliffe Energy moved above $2.54 completing a base building pattern.

clip_image013

 

Trader’s Corner

Equity Indices and related ETFs

Daily Seasonal/Technical Equity Trends for December 24th 2019

clip_image015

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for December 24th 2019

clip_image017

Green: Increase from previous day

Red: Decrease from previous day


Sectors

Daily Seasonal/Technical Sector Trends for December 24th 2019

clip_image019

Green: Increase from previous day

Red: Decrease from previous day

S&P 500 Momentum Barometer

clip_image020

Percent of S&P 500 stocks trading above their 50 day moving average slipped 0.40 to 80.56 on Tuesday. Percent remains intermediate overbought, but has yet to show signs of peaking.

 

TSX Momentum Barometer

clip_image021

Percent of TSX stocks trading above their 50 day moving average increased 3.24 to 74.07 on Tuesday. Percent remains intermediate overbought, but has yet to show signs of peaking.

 

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

Sponsored By...



Comments are closed.

Entries RSS Comments RSS Log in