by Don Vialoux, EquityClock.com
Technical Notes released yesterday at StockTwits.com@EquityClock
US Dollar has approached a significant zone of support, which could have an impact on stocks and commodities ahead. equityclock.com/2021/06/07/… $USDX $UUP $DXY
S&P 500 SPDRs $SPY moved above $422.82 to an all-time high extending an intermediate uptrend.
Israel iShares $EIS moved above $69.26 to an all-time high extending an intermediate uptrend.
Xcel Energy $XEL a NASDAQ 100 stock moved below $69.50 and $69.42 completing a Head & Shoulders pattern.
Loblaw Companies $L.CA a TSX 60 stock moved above $75.50 to an all-time high extending a long term uptrend.
Commodity Notes
Lumber futures moved below $1,201 yesterday, completing a double top pattern.
Lumber and forest product stocks/ETFs on both sides of the border have a similar technical pattern.
Trader’s Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for June 8th 2021
Green: Increase from previous day
Red: Decrease from previous day
Commodities
Daily Seasonal/Technical Commodities Trends for June 8th 2021
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for June 8th 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
![clip_image001[5]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2021/06/clip_image0015-2.png "clip_image001[5]")
The intermediate Barometer slipped 1.41 to 68.07 yesterday. It remains Overbought.
![clip_image002[5]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2021/06/clip_image0025-2.png "clip_image002[5]")
The long term Barometer was unchanged at 90.96 yesterday. It remains Extremely Overbought.
TSX Momentum Barometers
![clip_image003[5]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2021/06/clip_image0035-2.png "clip_image003[5]")
The intermediate term Barometer was unchanged at 71.76 yesterday. It remains Overbought.
![clip_image004[5]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2021/06/clip_image0045.png "clip_image004[5]")
The long term Barometer slipped 0.46 to 81.02 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.
