Tech Talk for Wednesday February 24th 2021

Daily Reports Add comments

Morning Technical Notes for Wednesday February 24th

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

clip_image001[9]

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

clip_image002[9]

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

clip_image003[9]

Pre-opening Comments for Wednesday February 24th

U.S. equity index futures were higher this morning. S&P 500 futures were up 6 points in pre-opening trade.

Royal Bank (RY) is expected to open at another all-time high after reporting higher than consensus fiscal first quarter earnings.

clip_image001[7]

National Bank (NA) is expected to open at another all-time high after reporting higher than consensus fiscal first quarter earnings.

clip_image002[7]

Toll Brothers (TOL) added $1.40 to $55.63 after reporting higher than consensus fiscal first quarter revenues and earnings.

clip_image003[7]

Intuit (INTU) dropped $10.24 to $388.85 after reporting lower than consensus fiscal second quarter revenues and earnings.

clip_image004[7]

 

EquityClock’s Daily Comment

Following is a link:

http://www.equityclock.com/2021/02/23/stock-market-outlook-for-february-24-2021/

Technical Notes for Tuesday February 23rd

Charter Communications (CHTR), a NASDAQ 100 stock moved below $593.09 extending an intermediate downtrend.

clip_image001

Intuitive Surgical (ISRG), a NASDAQ 100 stock moved below $735.64 completing a double top pattern.

clip_image002

Advanced Micro Devices (AMD), a NASDAQ 100 stock moved below $84.61 extending an intermediate downtrend.

clip_image003

MercadoLibre (MELI), a NASDAQ 100 stock moved below $1,700.00 completing a double top pattern.

clip_image004

Synopsis (SNPS), a NASDAQ 100 stock moved below intermediate support at $252.10

clip_image005

Xilinx (XLNX), a NASDAQ 100 stock moved below $129.57 extending an intermediate downtrend.

clip_image006

Thomson Reuters (TRI), a TSX 60 stock moved above $109.17 following release of quarterly results setting an intermediate uptrend.

clip_image007

Retail SPDRs (XRT) moved below $75.28 setting an intermediate downtrend.

clip_image008

Lithium ETN (LIT) moved below $65.13 completing a double top pattern.

clip_image009

Insurance iShares (IAK) moved above $74.58 extending an intermediate uptrend.

clip_image010

Splunk (SPLK), a NASDAQ 100 stock moved below $151.91 extending an intermediate downtrend.

clip_image011

Electronic Arts (EA), a NASDAQ 100 stock moved below $137.76 completing a double top pattern.

clip_image012

Cognizant (CTSH), a NASDAQ 100 stock moved below $72.53 completing a double top pattern.

clip_image013

Lululemmon (LULU), a NASDAQ 100 stock moved below $312.90 extending an intermediate downtrend.

clip_image014

Costco (COST), an S&P 100 stock moved below $348.52 and $346.03 extending an intermediate downtrend.

clip_image015

Home Depot (HD), a Dow Jones Industrial Average stock moved below $258.73 completing a double top pattern.

clip_image016

Soybeans ETN (SOYB) moved above $21.23 to a four year high extending an intermediate uptrend.

clip_image017

Verisign (VRSN), a NASDAQ 100 stock moved below $190.88 and $187.82 setting an intermediate downtrend.

clip_image018

The Canadian Dollar moved above US79.43 cents to a three year high extending an intermediate uptrend.

clip_image019

 

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for February 23rd 2021

clip_image021

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for February 23rd 2021

clip_image023

Green: Increase from previous day

Red: Decrease from previous day

 

Sectors

Daily Seasonal/Technical Sector Trends for February 23rd 2021

clip_image025

Green: Increase from previous day

Red: Decrease from previous day

 

S&P 500 Momentum Barometers

clip_image001[5]

The intermediate Barometer added 0.80 to 64.53 yesterday. It remains Overbought.

clip_image002[5]

The long term Barometer was unchanged at 85.97 yesterday. It remains extremely Overbought.

 

TSX Momentum Barometers

clip_image003[5]

The intermediate Barometer dropped 5.40 to 53.62 yesterday. It remains Neutral and trending down.

clip_image004[5]

The long term Barometer slipped 1.59 to 72.95 yesterday. It remains Overbought and trending down.

 

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




Comments are closed.

Entries RSS Comments RSS Log in