Tech Talk for Thursday December 10th 2020

Technical Notes for Wednesday December 9^th

Fastenal (FAST), a NASDAQ 100 stock moved above $49.18 to an all-time high extending an intermediate uptrend.

TSX Energy iShares (XEG) moved above $6.10 resuming an intermediate uptrend. Price on U.S. and Canadian energy stocks retreated after the U.S. reported a surprising increase in weekly crude oil inventories

Healthcare Providers iShares (IHF) moved above $235.25 to an all-time high extending an intermediate uptrend.

Baidu (BIDU), a NASDAQ 100 stock moved above $151.18 extending an intermediate uptrend.

Expedia (EXPE), a NASDAQ 100 stock moved above $130.57 extending an intermediate uptrend.

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for December 9^th 2020

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for December 9^th 2020

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for December 9^th 2020

Green: Increase from previous day

Red: Decrease from previous day

Market Buzz

Greg Schnell discusses “The Legalization Trade”. He discusses the cannabis stocks. Following is a link:

https://www.youtube.com/watch?v=xKxBSEBLGH8&feature=youtu.be&ab_channel=StockCharts

S&P 500 Momentum Barometer

The Barometer slipped 1.60 to 79.76 yesterday. It moved from extremely intermediate overbought to intermediate overbought on a move below 80.00.

TSX Momentum Barometer

The Barometer dropped 3.74 to 70.09 yesterday. It remains intermediate overbought and showing early signs of rolling over.

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