Tech Talk for Thursday November 23rd 2023

Daily Reports Add comments

 

Holiday Trading

Today, U.S. equity markets are closed for the Thanksgiving holiday. Tomorrow U.S. equity markets close at 1:00 PM EST. Volume on U.S. and Canadian equity markets tomorrow are expected to be well below average.

 

Technical Notes

Marriott International $MAR a NASDAQ 100 stock moved above $209.92 to an all-time high extending an intermediate uptrend.

clip_image001

Lam Research $LRCX a NASDAQ 100 stock moved above $724.34 to an all-time high extending an intermediate uptrend.

clip_image002

Pembina Pipeline $PPL.TO a TSX 60 stock moved above $44.89 extending an intermediate uptrend.

clip_image003

Natural Gas ETN $UNG moved below $5.87 extending an intermediate downtrend.

clip_image004

 

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for Nov.22nd 2023

clip_image006

Green: Increase from previous day

Red: Decrease from previous day

Source for all positive seasonality ratings: www.EquityClock.com

 

Commodities

Daily Seasonal/Technical Commodities Trends for Nov.22nd 2023

clip_image008

Green: Increase from previous day

Red: Decrease from previous day

 

Sectors

Daily Seasonal/Technical Sector Trends for November 22nd 2023

clip_image010

Green: Increase from previous day

Red: Decrease from previous day

 

Canadian Association for Technical Analysis Presentation

Next Zoom presentation is offered tonight at 8:00 PM EST. Presenter is Hap Sneddon from CastleMoore. Everyone is welcome. Not a member of CATA? Contact https://canadianata.ca/

 

S&P 500 Momentum Barometers

clip_image011

The intermediate term Barometer added 2.20 to 74.00. It remains Overbought. Daily trend continues up.

clip_image012

The long term Barometer added 1.80 to 56.40. It remains Neutral. Daily trend continues up.

 

TSX Momentum Barometers

clip_image013

The intermediate term Barometer added 0.44 to 59.47. It remains Neutral.

clip_image014

The long term Barometer slipped 0.44 to 43.17. It remains Neutral.

 

Disclaimer: Seasonality ratings 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