Tech Talk for Friday May 14th 2021

by Don Vialoux, EquityClock.com

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Technical Notes for May 13th on

StockTwits.com@EquityClock

Consumer prices are surging this year, warranting the need for inflation hedges in portfolios. equityclock.com/2021/05/12/ā€¦ $STUDY $MACRO #CPI #Inflation $TIP

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Workday $WDAY a NASDAQ 100 stock moved below $222.53 completing a double top pattern

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Gilead Sciences $GILD a NASDAQ 100 stock moved above $68.58 extending an intermediate uptrend

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George Weston $WN.CA, a TSX 60 stock moved above $116.00 extending an intermediate uptrend. Also testing its all time high at $116.67.

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Traderā€™s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for May 13th 2021

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Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for May 13th 2021

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Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for May 13th 2021

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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

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The intermediate term Barometer added 5.41 to 70.94 yesterday. It remains Overbought.

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The long term Barometer added 0.80 to 89.98 yesterday. It remains Extremely Overbought.

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TSX Momentum Barometer

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The intermediate Barometer added 0.50 to 62.00 yesterday. It remains Overbought.

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The long term Barometer slipped 0.50 to 74.00 yesterday. It remains Overbought.

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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.

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