Tech Talk for Tuesday April 6th 2021

by Don Vialoux, EquityClock.com

Technical Notes for Monday April 5^th

U.S. Telecommunications iShares (IYZ) moved above $32.77 to an all-time high extending an intermediate uptrend.

Consumer Discretionary SPDRs (XLY) moved above $173.18 to an all-time high extending an intermediate uptrend.

EAFE iShares (EFA) moved above $77.17 to an all-time high extending an intermediate uptrend.

Frontier iShares (FM) moved above $29.94 extending an intermediate uptrend

South Africa iShares (EZA) moved above $50.73 extending an intermediate uptrend.

Chile iShares (ECH) moved above $34.68 extending an intermediate uptrend

France iShares (EWQ) moved above $35.68 to an all-time high extending an intermediate uptrend.

United Kingdom iShares (EWU) moved above $31.94 extending an intermediate uptrend.

Blackrock (BLK), an S&P 100 stock moved above $783.36 to an all-time high extending an intermediate uptrend.

McDonalds (MCD), a Dow Jones Industrial Average stock moved above $229.13 to an all-time high extending an intermediate uptrend.

Costco (COST), an S&P 100 stock moved above intermediate resistance at $361.67.

Oracle (ORCL), an S&P 100 stock moved above $73.62 to an all-time high extending an intermediate uptrend.

FAANG stocks led the advance by U.S. equity indices yesterday. Alphabet moved to an all-time high extending an intermediate uptrend. GOOG moved above $2,152.68 and GOOGL moved above $2145.14.

Facebook (FB), an S&P 100 stock moved above $304.67 to an all-time high extending an intermediate uptrend.

Microsoft (MSFT), a Dow Jones Industrial Average stock moved above $245.56 to an all-time high extending an intermediate uptrend.

Semi-conductor iShares (SOXX) moved above $443.13 to an all-time high extending an intermediate uptrend.

NXP Semiconductor (NXPI), a NASDAQ 100 stock moved above $76.34 to an all-time high extending an intermediate uptrend.

Gold equity iShares (XGD) moved above Cdn$18.67 setting an intermediate uptrend.

Kinross Gold (K), a TSX 60 stock moved above $8/86 setting an intermediate uptrend.

Kirkland Land Gold (KL), a TSX 60 stock moved above 444.48 completing a double bottom pattern.

VALE, world’s largest base metal miner moved above $15.38 extending an intermediate uptrend.

Canadian National Railway (CNR), a TSX 60 stock moved above $148.27 to an all-time high extending an intermediate uptrend.

Canadian Tire (CTC.A), a TSX 60 stock moved above $183.90 to an all-time high extending an intermediate uptrend.

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for April 5^th 2021

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for April 5^th 2021

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for April 5^th 2021

Green: Increase from previous day

Red: Decrease from previous day

All seasonality ratings are based on performance relative to the S&P 500 Index

S&P 500 Momentum Barometer

The intermediate Barometer added 3.21 to 89.18 yesterday. It remains Extremely Overbought.

The long term Barometer added 1.20 to 95.59 yesterday. It remains Extremely Overbought.

TSX Momentum Barometer

The intermediate Barometer added 2.39 to 78.47 yesterday. It remain Overbought.

The long term Barometer gained 0.48 to 80.38 yesterday. It changed from Overbought to Extremely Overbought on a move above 80.00.

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.