Tech Talk for Friday May 28th 2021

Editor’s Note

Next Tech Talk report is released on Monday despite the U.S. holiday.

Technical Notes released yesterday at StockCharts.com@EquityClock

Buy Energy, Sell Financials. equityclock.com/2021/05/26/… $XLE $XOP $OIH $XLF $KBE $VDE $VFH

Lithium ETN $LIT moved above $64.25 resuming an intermediate uptrend.

South Africa iShares $EZA moved above $52.36 extending an intermediate uptrend.

U.S. Aerospace & Defense iShares $ITA moved above $108.66 extending an intermediate uptrend.

Facebook $FB an S&P 100 stock moved above $331.81 to an all-time high extending an intermediate uptrend.

FedEx $FDX an S&P 100 stock moved above $317.00 to an all-time high extending an intermediate uptrend.

Simon Property Group $SPG an S&P 100 stock moved above $128.25 extending an intermediate uptrend.

American International Group $AIG an S&P 100 stock moved above $52.70 extending an intermediate uptrend.

Coca Cola $KO a Dow Jones Industrial Average stock moved above $55.49 extending an intermediate uptrend.

Telus $T.CA a TSX 60 stock moved above $27.28 to an all-time high extending an intermediate uptrend.

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for May 27^th 2021

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for May 27^th 2021

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for May 27^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

S&P 500 Momentum Barometers

The intermediate term Barometer added 1.00 to 75.35 yesterday. It remains Overbought.

The long term Barometer slipped 0.22 to 91.18 yesterday. It remains Extremely Overbought.

TSX Momentum Barometers

The intermediate Barometer gained 3.57 to 70.70 yesterday. It remains Overbought.

The long term Barometer slipped 0.56 to 78.14 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