Tech Talk for Friday April 30th 2021

Technical Notes for Thursday April 29^th

Bank of America (BAC), an S&P 100 stock moved above $40.38 extending an intermediate uptrend.

Facebook (FB), an S&P 100 stock moved above $315.88 to an all-time high extending an intermediate uptrend.

QUALCOMM (QCOM), an S&P 100 stock moved above $140.68 extending an intermediate uptrend.

U.S. Broker iShares (IAI) moved above $97.84 to an all-time high extending an intermediate uptrend.

American International Group (AIG), an S&P 100 stock moved above $49.00 extending an intermediate uptrend.

NASDAQ Composite Index moved above 14,175.12 to an all-time high extending an intermediate uptrend.

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for April 29^th 2021

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for April 29^th 2021

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for April 29^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

Changes in Seasonality Ratings

• S&P 500 Index changes from Positive on May 5^th to Neutral to October 7^th

• Dow Jones Transportation changes from Positive on May 5^th on a real and relative basis to Neutral on a real and relative basis to October 1^st
• TSX Composite Index changed from Negative on May 1^st on a relative basis (relative to the S&P 500 Index) to Positive to June 2nd. It remained Positive on a real basis to June 2^nd.
• Europe iShares (IEV) changed from Positive on a real basis on May 1^st to Negative until June 28^th. They changed from Positive on a relative basis on May 1^st to Negative until July 15^th
• CRB Index changes from Negative on a relative basis on May 5^th to Neutral to July 10^th. It remained Positive on a real basis to July 10^th
• Consumer Discretionary SPDRs changed on a real and relative basis from Positive on April 30^th to Neutral until September 30th
• Consumer Staples SPDRs changed on a relative basis from Negative on May1st to Positive until August 15^th. They currently are Positive on a real basis until September 17th

S&P 500 Momentum Barometers

The intermediate term Barometer slipped 0.80 to 87.78 yesterday. It remains Extremely Overbought.

The long term Barometer added 0.60 to 95.19 yesterday. It remains Extremely Overbought.

TSX Momentum Barometers

The intermediate term Barometer slipped 3.50 to 72.50 yesterday. It remains Overbought.

The long term Barometer dropped 2.50 to 79.50 yesterday. It changed from Extremely Overbought to Overbought on a move below 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