by Don Vialoux, EquityClock.com
Technical Notes for Monday February 1st
Silver iShares (SLV) moved above $25.74 and $27.39 to an eight year high extending an intermediate uptrend.
Silver Miners ETF (SIL) moved above $50.00 extending an intermediate uptrend.
Pan American Silver (PAAS) moved above $38.69 extending an intermediate uptrend.
Hecla Mining (HL) moved above $7.06 to a 10 year high extending an intermediate uptrend.
First Majestic Silver (FR.TO AG) moved above Cdn$25.79 to an all-time high extending an intermediate uptrend.
Cameco (CCO.TO CCJ), a TSX 60 stock moved above Cdn$18.91 and US$14.87 to a six year high on a Bank of America report expecting President Biden to extend delays of closures of U.S. Nuclear plants past 2030 as part of his “clean air” policy.
Natural Gas ETN (UNG) moved above $10.39 completing a modified reverse Head & Shoulders pattern.
Trader’s Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for February 1st 2021
Green: Increase from previous day
Red: Decrease from previous day
Commodities
Daily Seasonal/Technical Commodities Trends for February 1st 2021
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for February 1st 2021
Green: Increase from previous day
Red: Decrease from previous day
Greg Schnell’s comments on the Airline industry
Greg asks, “Can airlines fly”? Following is a link:
Can Airlines Fly? | The Canadian Technician | StockCharts.com
S&P 500 Momentum Barometers
![clip_image001[5]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2021/02/clip_image0015.png "clip_image001[5]")
The intermediate Barometer gained 8.82 to 50.30 yesterday. It remains intermediate neutral.
![clip_image002[5]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2021/02/clip_image0025.png "clip_image002[5]")
The long term Barometer added 2.00 to 88.38 yesterday. It remains extremely long term overbought.
TSX Momentum Barometers
![clip_image003[5]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2021/02/clip_image0035.png "clip_image003[5]")
The intermediate Barometer advanced 17.21 to 55.56 yesterday. It changed from intermediate oversold to intermediate neutral on a recovery above 40.00.
![clip_image004[5]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2021/02/clip_image0045.png "clip_image004[5]")
The long term Barometer added 3.99 to 78.26 yesterday. It remains long term 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
This post was originally publised at Vialoux's Tech Talk.
