Tech Talk for Thursday February 18th 2021

Technical Notes for Wednesday February 17^th

Tesla (TSLA) moved below $780.10 completing a double top pattern.

Take Two Interactive (TTWO), a NASDAQ 100 stock moved below $191.81 completing a double top pattern.

Gold ETN (GLD) moved below $166.03 extending an intermediate downtrend.

Gold Miners ETF (GDX) moved below $33.08 extending an intermediate downtrend.

CGI Group (GIB.A), a TSX 60 stock moved below Cdn$98.40 completing a double top pattern.

Wells Fargo (WFC), an S&P 100 stock moved above $34.99 extending an intermediate uptrend.

Peloton (PTON), a NASDAQ 100 stock moved below $139.02 completing a Head & Shoulders pattern.

U.S. Telecom iShares (IYZ) moved above $32.25 to a four year high extending an intermediate uptrend.

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for February 17^th 2021

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for February 17^th 2021

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for February 17^th 2021

Green: Increase from previous day

Red: Decrease from previous day

Market Buzz

Greg Schnell discusses “IPO Mania –Mischief Managed”. Following is a link:

https://stockcharts.com/tv/episodes/market-buzz.html

S&P 500 Momentum Barometer

The intermediate Barometer slipped another 0.80 to 68.94 yesterday. It remains overbought and showing early signs of trending down.

The long term Barometer added 1.40 to 89.78 yesterday. It remains extremely overbought.

TSX Momentum Barometer

The intermediate Barometer slipped another 3.08 to 63.11 yesterday. It remains overbought and showing more signs of rolling over.

The long term Barometer slipped 0.11 to 76.21 yesterday. It remains 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