Tech Talk for Tuesday April 20th 2021

by Don Vialoux, EquityClock.com

Technical Notes for Monday April 19^th

Auto ETF (CARZ) moved above $59.61 to an all-time high 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.

Pepsico (PEP), an S&P 100 stock moved above $144.96 resuming an intermediate uptrend.

Altria (MO), an S&P 100 stock moved below $$50.27 completing a double top pattern.

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for April 19^th 2021

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for April 19^th 2021

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for April 19^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

Canadian Dollar response to the Canadian Budget

Response after the close was mixed. The Canadian Dollar was unchanged at US79.80 cents

Changes in seasonality ratings relative to the S&P 500 Index

Shanghai Composite Index from Positive to April 17^th to Negative to Aug.30

S&P Energy from Positive to April 20 to Negative to November 30^th

Oil Services from positive to April 20 to Negative to November 30^th

TSX Energy from positive to April 20^th to Negative to November 30^th

Copper futures from Positive to April 15^th to Negative to June 15^th

S&P 500 Momentum Barometers

The intermediate term Barometer dropped 3.41 to 88.78 yesterday. It remains Extremely Overbought and shows short term signs of turning lower.

The long term Barometer slipped 0.40 to 96.39 yesterday. It remains Extremely Overbought.

TSX Momentum Barometers

The intermediate term Barometer dropped 4.40 to 76.88 yesterday. It changed from Extremely Overbought to Overbought on a move below 80.00 and shows short term signs of turning lower.

The long term Barometer added 0.13 to 81.41 yesterday. It remains Extremely 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.