Tech Talk for Tuesday November 2nd 2021

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Pre-opening Comments for Tuesday November 2nd

U.S. equity index futures were higher this morning. S&P 500 futures were up 2 points in pre-opening trade.

Nutrien advanced $1.45 to US$73.00 after reporting higher than consensus third quarter revenues. The company also raised guidance.

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Mosaic dropped $1.13 to US$40.33 after reporting less than consensus third quarter revenues and earnings.

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Clorox added $9.50 to $172.90 after reporting higher than consensus third quarter sales and earnings.

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Pfizer gained $1.36 to $45.00 after raising guidance for its COVID 19 sales.

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EquityClock’s Daily Comment

Following is a link:

http://www.equityclock.com/2021/11/01/stock-market-outlook-for-november-2-2021/

 

Technical Notes released yesterday at

StockTwits.com@EquityClock

The S&P 500 Index has averaged an increase of 2.2% in November over the past two decades with 80% of periods showing gains. equityclock.com/2021/10/30/… $SPX $SPY $ES_F $STUDY

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We have the list of stocks that have gained in every November over their trading history: equityclock.com/2021/10/30/… $EMR $PRI $XTL $SIX $DEEP $FNK $VLU $BFAM $XNCR $SAIC $SHOP $BIB $ARKK $AKRQ $ARKW $HACK $JETS. For the complete list, see www.StockTwits.com@EquityClock

Semiconductor iShares $SOXX moved above $477.02 to an all-time high extending an intermediate uptrend.

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Editor’s Note: Seasonal influences on a real and relative basis are favourable until at least the first week in December and frequently to the middle of February. If a subscriber to www.EquityClock.com , see https://charts.equityclock.com/ishares-phlx-semiconductor-etf-nasdsoxx-seasonal-chart SMH also moved above $276.69 to an all-time high.

KLA Tencor $KLAC a NASDAQ 100 stock moved above $374.60 to an all-time high extending an intermediate uptrend.

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Editor’s Note: Seasonal influences are favourable on a real and relative basis until at least early December and frequently to mid-January. If a www.EquityClock.com subscriber see https://charts.equityclock.com/kla-tencor-corporation-nasdaqklac-seasonal-chart

 

Natural gas ETN $UNG moved below $17.13 completing a short term Head & Shoulders pattern

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Russell 2000 iShares $IWM moved above $233.03 to an all-time high extending an intermediate uptrend.

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Editor’s Note: Seasonal influences are favourable on a real and relative basis to the third week in February. If a www.EquityClock.com subscriber, see https://charts.equityclock.com/ishares-russell-2000-etf-nyseiwm-seasonal-chart

 

CVS Health $CVS an S&P 100 stock moved above $89.55 extending an intermediate uptrend.

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Intuitive Surgical $ISRG a NASDAQ 100 stock moved above $362.34 to an all-time high extending an intermediate uptrend.

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Editor’s Note: Seasonal influences on a real and relative basis are favourable until the end of January. If a subscriber to www.EquityClock.com see https://charts.equityclock.com/intuitive-surgical-inc-nasdisrg-seasonal-chart

 

McDonalds $MCD a Dow Jones Industrial Average stock moved above $249.95 to an all-time high extending an intermediate uptrend.

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Editor’s Note: Seasonal influences are favourable on a real and relative basis until the first week in December. If a www.EquityClock.com subscriber, see https://charts.equityclock.com/mcdonalds-corporation-nysemcd-seasonal-chart

 

Shopify $SHOP.CA a TSX 60 stock moved above short term resistance at $1,862.63 establishing a short term uptrend.

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Editor’s Note: Seasonal influences on a real and relative basis are favourable until late March. If a subscriber to www.EquityClock.com , see https://charts.equityclock.com/shopify-inc-nyseshop-seasonal-chart

 

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for Nov.1st 2021

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Green: Increase from previous week

Red: Decrease from previous week

 

Commodities

Daily Seasonal/Technical Commodities Trends for Nov.1st 2021

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Green: Increase from previous week

Red: Decrease from previous week

 

Sectors

Daily Seasonal/Technical Sector Trends for Nov.1st 2021

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Green: Increase from previous week

Red: Decrease from previous week

All seasonality ratings are based on performance relative to the S&P 500 Index (except TSX)

 

S&P 500 Momentum Barometers

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The intermediate term Barometer added 4.82 to 66.06 yesterday. It remains Overbought.

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The long term Barometer gained 2.61 to 74.70 yesterday. It remains Overbought.

 

TSX Momentum Barometers

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The intermediate term Barometer added 2.93 to 61.46 yesterday. It changed back from Neutral to Overbought on a recovery above 60.00.

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The long term Barometer gained 1.95 to 64.88 yesterday. It remains 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




5 Responses to “Tech Talk for Tuesday November 2nd 2021”

  1. Larry/ON Says:

    Cdn Banks – Office Of The Superintendent Of Financial Institutions (OSFI) Will Make An Announcement On Thursday

    https://www.bnnbloomberg.ca/banks-set-to-find-out-if-they-can-hike-dividends-repurchase-shares-1.1675691

  2. bruce Says:

    tnx Larry……I missed that….too many ads on BNN…..

  3. Ron/BC Says:

    ZEB.TO Canadian Banks ETF: Looks good to me…………

    https://stockcharts.com/h-sc/ui?s=ZEB.TO&p=D&yr=2&mn=0&dy=0&id=p05831382230&a=688398061

  4. bruce Says:

    and the zwb which should see an increased dividend…….

  5. Larry/ON Says:

    It was difficult to get traders to part with their BMO calls this afternoon.
    IMO we get maybe a 3 percent pop on the news and that’s it but we have positive momentum continuing into earnings at month end and first week of Dec.

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