Tech Talk for Wednesday April 7th 2021

byDon Vialoux, EquityClock.com

April 7, 2021

2 minute read

by Don Vialoux, EquityClock.com

Technical Notes for Tuesday April 6^th

Gold Bug Index (HUI) moved above 284.17 completing a double bottom pattern.

Gold equity ETF (GDX) moved above US$34.48 completing a double bottom pattern.

Wheaton Precious Metals (WPM), a TSX 60 stock moved above US$40.37 completing a reverse Head & Shoulders pattern.

Kinross Gold (KGC), a TSX 60 stock moved above US$7.14 completing a double bottom pattern.

Agnico-Eagle (AEM), a TSX 60 stock moved above Cdn$76.50 completing a double bottom pattern.

General Motors (GM), an S&P 100 stock moved above $62.24 to an all-time high extending an intermediate uptrend.

Medtronic (MDT), an S&P 100 stock moved above $119.92 to an all-time high extending an intermediate uptrend.

Fastenal (FAST), a NASDAQ 100 stock moved above $51.58 to an all-time high extending an intermediate uptrend.

Micron (MU), a NASDAQ 100 stock moved above $95.75 to an all-time high extending an intermediate uptrend.

Global Timber iShares (WOOD) moved above $88.48 to an all-time high extending an intermediate uptrend.

Gildan Activewear (GIL), a TSX 60 stock moved above $40.54 extending an intermediate uptrend.

Natural gas ETN (UNG) moved below $9.06 setting an intermediate downtrend.

Uranium ETF (URA) moved above $20.71 to a six year high extending an intermediate uptrend.

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for April 6^th 2021

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for April 6^th 2021

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for April 6^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

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.

Author

Don Vialoux, EquityClock.com

Don Vialoux is the author of free daily reports on equity markets, sectors, commodities and Exchange Traded Funds. All of the views expressed herein are his personal views although they may be reflected in positions or transactions in the various client portfolios. Daily reports are available at http://www.timingthemarket.ca.