Tech Talk for Thursday November 28th 2019

November 27, 2019 / www.timingthemarket.ca / Article Link

Home Builders SPDRs $XHB moved above $46.38 to an all-time high extending an intermediate uptrend.

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Amazon $AMZN, a NASDAQ 100 stock moved above $1815.06 resuming an intermediate uptrend

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Couche Tard $ATD.B.CA , a TSX 60 stock moved above $44.07 to an all-time high extending an intermediate uptrend

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McDonalds $MCD, a Dow Jones Industrial stock moved above $196.00 completing a base building pattern.

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TSX Technology iShares XIT.CA moved above $28.57 to an all-time high extending an intermediate uptrend.

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United Kingdom iShares$EWU moved above $33.17 extending an intermediate uptrend

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Trader's Corner

 

Equity Indices and related ETFs

Daily Seasonal/Technical Equity Trends for November 27th 2019

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Green: Increase from previous day

Red: Decrease from previous day

 

Commodities

Daily Seasonal/Technical Commodities Trends for November 27th 2019

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Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for November 27th 2019

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Green: Increase from previous day

Red: Decrease from previous day

Greg Schnell's Market Buzz for November 27th

Following is a link

https://www.youtube.com/watch?v=BTbFF_A3VAA&feature=youtu.be

Greg does an update on the energy and precious metal sectors in the latter half of the tape. Both sectors are starting to line up for a trade, but intermediate technicals are not quite there yet.

Seasonal influences also turn positive during the next two weeks. Stay tuned!!!

 

S&P 500 Momentum Barometer

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The Barometer gained another 3.61 to 75.55 yesterday. It remains intermediate overbought, but continues to trend higher.

 

TSX Momentum Barometer

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The Barometer gained another 4.86 to 69.86 yesterday. It remains intermediate overbought, but continues to trend higher.

 

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

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