Tech Talk for Friday January 24th 2020

Jan 24 07:01 2020 Print This Article


StockTwits released yesterday @EquityClock

Ford $F, an S&P 100 stock moved below $9.06 setting an intermediate downtrend.

Dow Holdings $DOW, a Dow Jones Industrial stock moved below $51.05 completing a double top pattern

Teck Resources $TECK $TECK.B.CA, a TSX 60 stock moved below intermediate support at $19.84 Cdn. and $14.92 U.S. Most copper stocks $COPX are lower in response to weakness in Chinese equities.

Another base metals stock breakdown! First Quantum $FM.CA , a TSX 60 stock moved below $11.85 setting an intermediate downtrend. Also breakdowns below support by base metal ETFs: $ZMT.CA $PICK

Nutrien $NTR.CA, a TSX 60 stock moved below $60.22 extending an intermediate downtrend.

Gold producer stocks are responding to the recent recovery in gold. Seasonal influences in the sector are positive to the end of February. Nice breakout by Yamana Gold $YRI.CA $AUY to a three year high!

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Timing the Market

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