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September 23, 2023 | Tech Talk for Saturday September 23rd 2023

Don Vialoux

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Donald Vialoux is author of the free blog Tech Talk, a daily investment report available during the past 20 years at www.timingthemarket.ca. Comments focus on the seasonal and technical outlook for equity indices, commodities and sectors. Mr. Vialoux has 53 years of experience in the investment industry and is a past president of the Canadian Society of Technical Analysts (CSTA).

The Bottom Line


North American equity indices and related stocks are closely following their weakest period of the year from the second week in September to the second week in October. Broadly  based U.S. equity indices completed Double Top or Head & Shoulders patterns (including a double top pattern the Dow Jones Industrial Average on Friday). Intermediate term barometers for the TSX and S&P 500 already have reached oversold levels, but have yet to show signs of bottoming.

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September 23rd, 2023

Posted In: Tech Talk

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