Tech Talk for Friday July 2nd 2021

Editor’s Note

Don Vialoux is a guest on Michael Campbell’s Money Talks radio show at approximately 9:00 AM Pacific time (Noon Toronto time) tomorrow (Saturday) at www.CKNW.com Discussion will focus on current equity market prospects.

Technical Notes released Yesterday at

StockTwits.com@EquityClock

Water Resource ETF $PHO moved above $53.85 to an all-time high extending an intermediate uptrend.

Editor’s Note: Seasonal influences for PHO are positive on a real and relative basis between now and the third week in September. See seasonality chart at www.equityclock.com

Walgreens Boots $WBA a Dow Jones Industrial Average stock moved below $51.12 completing a double top pattern.

O’Reilly Automotive $ORLY a NASDAQ 100 stock moved above $568.63 to an all-time high extending an intermediate uptrend. Seasonal influences are positive on a real and relative basis to the beginning of December. See equityclock.com/

Brookfield Infrastructure $BIP a TSX 60 stock moved above US$56.27 to an all-time high extending an intermediate uptrend.

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for July 1^st 2021

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for July 1^st 2021

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for July 1^st 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

Seasonality Chart of the Day

Seasonality on a real and relative basis (relative to the S&P 500 Index) for Crude Oil Futures changed from Positive on July 4^th to Negative to December 7^th. Gasoline futures have an identical seasonality pattern.

S&P 500 Momentum Barometers

The intermediate term Barometer added 7.21 to 55.91 yesterday. It remains Neutral.

The long term Barometer added 0.40 to 91.98 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