Tech Talk for Friday March 12th 2021

Technical Notes for Thursday March 11^th

S&P 500 Index (and its related ETF: SPY) moved above 3,950.43 to an all-time high extending an intermediate uptrend.

Russell 2000 iShares (IWM) moved above $230.32 to an all-time high extending an intermediate uptrend.

Europe iShares (IEV) moved above $50.27 to an all-time high extending an intermediate uptrend.

South Africa iShares (EZA) moved above $49.55 extending an intermediate uptrend.

Russia ETF (RSX) moved above $26.29 to an all-time high extending an intermediate uptrend.

Home Construction iShares (ITB) moved above $65.32 to an all-time high extending an intermediate uptrend. Led by DR Horton (DHI on move above $84.20 to an all-time high.

Fiserv (FISV), a NASDAQ 100 stock moved above $125.05 to an all-time high

Oracle dropped $6.57 to $65.55 despite reporting higher than consensus third quarter revenues and earnings. However, cloud revenues were lower than previous guidance.

Linamar (LMN) advanced $8.39 to $88.40 after reporting higher than consensus fourth quarter revenues and earnings. The company also increased its dividend.

TC Energy (TRP), a TSX 60 stock moved above $58.44 resuming an intermediate uptrend.

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for March 11^th 2021

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for March 11^th 2021

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for March 11^th 2021

Green: Increase from previous day

Red: Decrease from previous day

The Canadian Technician

Greg Schnell asks, “What happened to retail”? Following is a link:

What Happened To Retail? | The Canadian Technician | StockCharts.com

Changes in Seasonality Ratings

S&P 500 Index changes from Neutral to Positive from March 15^th to May 5^th

Europe ETFs changes from Negative to Positive from March 15^th to May 1^st

Grains changes from Positive to Neutral from March 15^th to June 15^th

TSX Financials changes from Positive to Negative from March 15^th to May 15^th

Silver changes from Positive in mid-March to Neutral in mid-April

S&P 500 Momentum Barometers

The intermediate Barometer added 1.40to 73.35 yesterday. It remains Overbought.

The long term Barometer gained 1.00 to 85.57 yesterday. It remains Extremely Overbought.

TSX Momentum Barometers

The intermediate Barometer added 1.90 to 72.51 yesterday. It remains Overbought.

The long term Barometer added 1.42 to 78.67 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