Tech Talk for Thursday May 13th 2021

Technical Notes yesterday released at StockTwits@EquityClock

Job openings rise to the highest level on record as employers plead with Americans to return to work in order to fulfill upbeat demand. equityclock.com/2021/05/11/… $STUDY $MACRO #Economy #Employment #JOLTS #JOLT

Auto ETF $CARZ moved below $53.93 completing a double top pattern.

General Motors $GM an S&P 100 stock moved below $54.71 and $54.25 completing a Head & Shoulders pattern

Cognizant $CTSH a NASDAQ 100 stock moved below $71.56 completing a double top pattern.

Lowe’s Companies $LOW an S&P 100 stock moved below intermediate support at $195.27

Gasoline ETN $UGA moved above $34.68 extending an intermediate uptrend.

Restaurant Brands International $QSR.CA a TSX 60 stock moved below $81.17 completing a double top pattern.

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for May 12^th 2021

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for May 12^th 2021

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for May 12^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

Market Buzz

Greg Schnell reviews the “Clean Tech Wreak”. Following is a link:

https://www.youtube.com/watch?v=y3GKBhDG3Eg

Observation

The Nikkei Average is the first major international equity index to set an intermediate downtrend.

S&P 500 Momentum Barometer

The intermediate term Barometer plunged 11.02 to 65.53 yesterday. It remains Overbought and trending down.

The long term Barometer dropped 3.01 to 89.18 yesterday. It remains Extremely Overbought.

TSX Momentum Barometer

The intermediate term Barometer plunged 7.50 to 61.50 yesterday. It remains Overbought and trending down.

The long term Barometer slipped 1.00 to 74.50 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