Tech Talk for Friday January 8th 2020

Technical Notes for Thursday January 7^th

TSX Composite Index moved above 17,970.51 to an all-time high extending an intermediate uptrend.

Long term Treasury Bond ETF (TLT) moved below $152.00 completing a double top pattern.

Base Metals ETN (DBB) moved above $17.95 extending an intermediate uptrend.

Energy SPDRs (XLE) moved above $41.52 extending an intermediate uptrend.

U.S. Telecom iShares (IYZ) moved above $31.05 to a four year high extending an intermediate uptrend.

Wells Fargo, an S&P 100 stock moved above $33.60 extending an intermediate uptrend.

MMM (MMM), a Dow Jones Industrial Average stock moved below $169.18 completing a double top pattern.

American Express (AXP), a Dow Jones Industrial Average stock moved above $124.88 extending an intermediate uptrend. Note late weakness on negative news

Walgreens Boots (WBA), a Dow Jones Industrial Average stock moved above $44.34 extending an inverse Head & Shoulders pattern.

Microchip Technology (MCHP), a NASDAQ 100 stock moved above $145.34 to an all-time high extending an intermediate uptrend.

CSX (CSX), a NASDAQ 100 stock moved above $93.44 to an all-time high extending an intermediate uptrend.

Dollar Tree (DLTR), a NASDAQ 100 stock moved above $114.32 extending an intermediate uptrend.

Bank of Montreal (BMO), a TSX 60 stock moved above $98.62 extending an intermediate uptrend.

Fortis (FTS), a TSX 60 stock moved below $51.10 extending an intermediate downtrend.

Restaurant Brands International (QSR), a TSX 60 stock moved above $79.33 resuming an intermediate uptrend.

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for January 7^th 2021

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for January 7^th 2021

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for January 7^th 2021

Green: Increase from previous day

Red: Decrease from previous day

S&P 500 Momentum Barometer

The Barometer added 1.00 to 83.37 yesterday. It remains extremely intermediate overbought.

TSX Momentum Barometer

The Barometer slipped 1.80 to 76.19 yesterday. It remains intermediate overbought.

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