Tech Talk for Friday December 31st 2021

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‘Tomorrow is the first blank page of a 365-page book.   Write a good one.’

Brad Paisley

 

Holiday Notice

Tech Talk next appears on Monday January 3rd. U.S. equity markets are open on Monday. The Toronto Exchange is closed on Monday.

Pre-opening Comments for Friday December 31st 2021

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

The Shanghai Composite Index gained 20.59 to 3,639.78 after China’s Purchasing Managers Index advanced in December to 50.3 from 50.1 in November. Chinese technology stocks were notably higher. Alibaba jumped $10.90 to $122.99.

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Pfizer added $0.11 to $58.51 after the company received approval in the United Kingdom for distribution of its COVID 19 anti-viral pill.

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Enbridge (ENB Cdn$49.27) is expected to open higher after the company announced a Cdn$1.5 billion share buyback program.

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EquityClock’s Daily Comment

Following is a link:

http://www.equityclock.com/2021/12/30/stock-market-outlook-for-december-31-2021/

Technical Notes released yesterday at

StockTwits.com@EquityClock

The demand profile of the energy market remains impressive and we are benefitting via our allocation to commodities in our Super Simple Seasonal Portfolio. equityclock.com/2021/12/29/… $USO $CL_F $GSG $UGA

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Timber and Forest Products iShares $WOOD moved above $91.80 extending an intermediate uptrend.

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Water Resources ETF $PHO moved above $60.92 to an all-time high extending an intermediate uptrend. Seasonal influences are favourable to the end of April. If a subscriber to EquityClock, see https://charts.equityclock.com/invesco-water-resources-etf-nasdpho-seasonal-chart

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Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for Dec.30th 2021

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Green: Increase from previous day

Red: Decrease from previous day

 

Commodities

Daily Seasonal/Technical Commodities Trends for Dec.30th 2021

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Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for Dec.30th 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)

 

Link from Valued Provider

Michael Campbell’s Year In Review

 

December 29th Episode – Year in Review (mikesmoneytalks.ca)

 

China’s Technology Sector Awakens

Weakness in the Chinese technology sector primarily in recent months due primarily to a government crackdown on key business members of major companies suddenly reversed yesterday.

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Seasonality Chart of the Day from www.EquityClock.com

Seasonal influences on a real and relative basis (relative to the S&P 500 Index) for gold and gold equities/ETFs are strongly positive from mid-December to the end of February.

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Seasonal strength by the sector appeared on schedule this year.

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S&P 500 Momentum Barometer

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The intermediate term Barometer slipped 1.40 to 70.14 yesterday. It remains Overbought.

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The long term Barometer was unchanged at 74.35 yesterday. It remains Overbought.

 

TSX Momentum Barometer

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The intermediate term Barometer added 3.10 to 53.10 yesterday. It remains Neutral.

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The long term Barometer slipped 1.77 to 59.73 yesterday. It changed from Overbought to Neutral on a drop below 60.00.

 

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




23 Responses to “Tech Talk for Friday December 31st 2021”

  1. FishFat Says:

    Thanks dvTechTalk for another year of great investment ideas and for the depth of investment knowledge you provide. And thanks to all those who post comments for your insights and for the sense of community you create. Happy New Year Everyone.

  2. Ron/BC Says:

    Just wondering if anyone knows of a Real Estate ETF or stock that tracks the condo market in Victoria,B.C. or even the entire B.C. West Coast. I don’t expect anything to be perfect but thought there should be something tradable that tracks it reasonably well. I’m not about to start making charts from raw data. I do subscribe to Stockcharts.

    !!!!!!!!!!!!!!!!!HAPPY NEW YEAR TO EVERYONE HERE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

  3. Paula Says:

    Ron/BC,
    I doubt that ETF exists but if it did, would probably be low volume. It would be ideal for you – save your back from moving LOL. Maybe just follow the ZRE.TO. At least it is relatively equal weight with a current dividend of 3.87%. Looks like it “breaking out” or forming a double top? There is also XRE.TO but it has a 14.5% weight in CAR.UN and 10% in REI.UN with a current yield of 2.6%. It has about 10 times the volume of ZRE. They both have about the same management expense ratio ~ 61%. I think we discussed REITS years ago when you first started your condo renovation scheme.

    https://schrts.co/edASGFXY

    https://schrts.co/NSZUJNIf

  4. Paula Says:

    Good luck to everyone in the New Year! Looking forward to “seeing” everyone on the other side…

  5. Paula Says:

    correction on #3. Management expense ratio ~ 0.61%.

  6. Ron/bc Says:

    Paula
    Thanks for the suggestions. I am getting tired of moving every 18 months in spite of making tens of thousands of dollars each time. Can’t think of a better way to make money. Makes trading stocks small potatoes. Just thought I might be able to simplify things.

  7. Ana Says:

    Happy New Year to everyone!

    Wishing everyone a happy, healthy and prosperous 2022!

  8. Ron/BC Says:

    Ana

    Same to you Ana! I wondered where you had gone to.

  9. Ana Says:

    #8. Ron/BC

    Hello Ron!

    My world has changed! My mother had a heart attack and I am looking after her full time. This takes up most of my time.

    I am still trading, but have very little free time to post.

    Still try to read Timing The Market and Comments when I can!

    Have a great 2022!

  10. Ron/BC Says:

    Ana N.T.R.

    I understand. I and my wife looked after both my mom and dad until they both had to go to long term care. Even then it wasn’t easy. Now they are both gone along with my wife and both brothers and many relatives. Mother nature is a B—- with PMS it seems. I feel like the last man standing………….
    The best of everything to you in 2022!

  11. Vik Says:

    Happy new year everyone and Tech Talk Timing the market team! Hope 2022 is happy, healthy and profitable for all.

  12. Mary Says:

    Tech Talk and Contributors

    Have a Happy…Healthy and Prosperous New Year.
    Happy and profitable trading in 2022

  13. Ron/BC Says:

    Here is ZEB.to (The CD. Banking ETF)
    Price broke out above the November highs and has dropped back to that breakout price point and is trying to hold there at $39. Seasonal trends for ZEB.to are very bullish for January. Price does need to hold at $39 or could see a pullback to $37.

    https://stockcharts.com/h-sc/ui?s=ZEB.TO&p=D&yr=1&mn=0&dy=0&id=p48764575006&a=678874213

    https://stockcharts.com/freecharts/seasonality.php?symbol=ZEB.TO

  14. still_learning Says:

    hi Ron/BC,

    re#13: I’m still holding ZEB.TO. It is a little over-extended right now and due for a pullback. It should hold around 38.30.
    regards, Bernie/Lethbridge

  15. Ron/BC Says:

    Still_Learning

    Thanks, that is a good possibility………..

  16. Dave/AB Says:

    Happy holiday season to everyone.
    Happy trading and trade well for 2022

  17. FishFat Says:

    Ron/BC re: #13
    Your seasonality chart for ZEB.to is based on only the last five years of performance. Since seasonality is a statistical thing, using more data to draw a conclusion is usually more accurate. If you extend the duration of the chart out to 12 years, January is still a good month but not as stellar. February is statistically better.
    https://stockcharts.com/freecharts/seasonality.php?symbol=ZEB.TO&compare=

  18. FishFat Says:

    Note: My posted chart reverted back to the 5-year time period. I suppose that is why Ron/BC posted it that way as well.

  19. Ron/BC Says:

    THIS is the chart that concerns me more than anything! Draw your own conclusions.

    https://stockcharts.com/h-sc/ui?s=%24SPX&p=M&yr=20&mn=0&dy=0&id=p02549931769&a=1090120909

  20. FishFat Says:

    re: #19
    Good chart! That puts a relative perspective on things.

  21. Ron/BC Says:

    FishFat

    Re:#17

    Actually regardless of my Seasonalty Chart I really don’t know how to configure all those Seasonal charts on that site.

  22. FishFat Says:

    Ron/BC
    You can use your mouse cursor to grab the left-side of the slider bar at the bottom of the chart. Drag it to the left to expand the range of data used to prepare the chart. The default is five years, but you can extend the data range up to 20 years (if data is available). I was able to expand ZEB to a maximum of 13 years. It sounds easy, but the process is finicky.

  23. Ron/BC Says:

    FishFat

    The slider bar just doesn’t change for me. But thanks. Perhaps I should stick to price charts.

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