Tech Talk for Friday December 24th 2021

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Technical Notes released yesterday at

StockTwits.com@EquityClock

Reallocating the portfolio in stocks, commodities, and bonds for the Santa Claus Rally. equityclock.com/2021/12/22/… $AGG $GSG $SLV $GLD $SPY $MSFT $AAPL $FB $AMZN $NFLX $GOOGL

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Canadian Financials iShares $XFN.CA moved above $50.43 to an all-time high extending an intermediate uptrend.

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Royal Bank $RY.CA a TSX 60 stock moved above Cdn$133.68 to an all-time high extending an intermediate uptrend.

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Couche Tard $ATD.CA a TSX 60 stock moved above $52.89 to an all-time high extending an intermediate uptrend.

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West Fraser Timber $WFG.CA moved above $114.37 to an all-time high extending an intermediate uptrend. Seasonal influences are favourable on a real and relative basis to the end of February. If a subscriber to EquityClock, see seasonality chart at https://charts.equityclock.com/west-fraser-timber-co-ltd-tsewfg-to-seasonal-chart

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VeriSign $VRSN a NASDAQ 100 stock moved above $248.22 to an all-time high extending an intermediate uptrend.

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Monster Beverages $MNST a NASDAQ 100 stock moved above intermediate resistance at $93.81. Seasonal influences are favourable on a real and relative basis to next June. If a subscriber to EquityClock, see seasonality chart at https://charts.equityclock.com/monster-beverage-corp-nasdmnst-seasonal-chart

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Corn ETN $CORN moved above $21.99 extending an intermediate uptrend. Seasonal influences on a real and relative basis are favourable until at least mid-March. If a subscriber to EquityClock, see seasonality chart at https://charts.equityclock.com/corn-futures-c-seasonal-chart

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S&P 500 Index closed at a new all-time closing high at 4725.79.

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Global Base Metals iShares $XBM.CA moved above $19.19 resuming an intermediate uptrend. Seasonal influences are strongly favourable on a real and relative basis between now and the third week in February. If a subscriber to EquityClock, see seasonality chart at

https://charts.equityclock.com/ishares-sptsx-global-base-metals-index-etf-tsexbm-to-seasonal-chart

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Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for Dec.23rd 2021

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Green: Increase from previous day

Red: Decrease from previous day

 

Commodities

Daily Seasonal/Technical Commodities Trends for Dec.23rd 2021

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Green: Increase from previous day

Red: Decrease from previous day


Sectors

Daily Seasonal/Technical Sector Trends for Dec.23rd 2021

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Green: Increase from previous day

Red: Decrease from previous day

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

 

Links offered by valued providers

Greg Schnell reviews “The roaring 20s: 2021 influential events”.

 

One of the biggest events of the year happened on the Nasdaq Exchange. Greg rolls through how this massive event came to be, how it rolled through the investing community and how things are setup to evolve in 2022. Following is a link:

 

The Roaring Twenties | Greg Schnell | 2021 Influential Events – YouTube

 

S&P 500 Momentum Barometers

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The intermediate term Barometer added 4.61 to 61.92 yesterday. It changed from Neutral to Overbought on a move above 60.00. Trend remains up.

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The long term Barometer added 2.81 to 71.14 yesterday. It remains Overbought. Trend remains up.

 

TSX Momentum Barometers

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The intermediate term Barometer added 3.37 to 45.37 yesterday. It remains Neutral. Trend remains up.

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The long term Barometer gained 5.09 to 60.79 yesterday. It changed from Neutral to Overbought on a move above 60.00. Trend remains up.

 

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




9 Responses to “Tech Talk for Friday December 24th 2021”

  1. Dave/AB Says:

    Happy Holidays to everyone here.

  2. Larry/ON Says:

    Merry Christmas and Happy Holidays everyone. Best wishes for good health and happiness in 2022.
    Best wishes to everyone at TechTalk and thanks for the information you provide to us throughout the year.

  3. Bernie Says:

    Wishing you all health, happiness, peace and prosperity this holiday season and in the coming New Year!

  4. Vik Says:

    Merry Christmas and happy holidays to everyone on this blog and the TechTalk team! Best wishes in the upcoming new year and hope it’s a happy and healthy one for everyone 🙂

  5. Ron/BC Says:

    Happy Holidays and all the best to everyone on this site. Gotta wonder where some of you have gone…………….

  6. still_learning Says:

    re #5:

    We are lurking. After you and Larry/ON, it’s a little intimidating for the rest of us to comment much.
    Thank goodness you and Larry/ON provide us with excellent comments.
    All the best!

  7. Ron/BC Says:

    Still_

    Don’t short change yourself. “Everyone” has valuable comments or observations on the markets. A lot of them are just questions. I’ve often been stopped in my tracks by what looks like a simple question or comment. There are no gurus Still……………..

  8. Ron/BC Says:

    This site can be an interesting read of market professionals discussing the markets.

    https://www.howestreet.com/2021/12/doug-casey-gold-silver-bitcoin-battery-metals-ross-clark-this-week-in-money/

  9. Paula Says:

    Happy Holidays is what I say also! I imagine a lot of us have been busy with family and friends. With everyone vaccinated and some testing, it’s a lot easier to get together than last year.

    Thanks to all that comment and send charts and links.

    Wishing everyone good health and good luck for the New Year!

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