Tech Talk for Wednesday August 25th 2021

Technical Notes released yesterday at

StockTwits.com@EquityClock

Colgate Palmolive $CL an S&P 100 stock moved below $77.82 setting an intermediate downtrend.

Medtronic $MDT an S&P 100 stock moved above $132.39 to an all-time high extending an intermediate uptrend.

Marvell $MRVL a NASDAQ 100 stock moved above $62.71 to an all-time high extending an intermediate uptrend.

Splunk $SPLK a NASDAQ 100 stock moved above $151.12 completing a reverse Head & Shoulders pattern.

Chinese equities and related ETFs eg. $FXI $XCH.TO are notably stronger today including Chinese equities listed on U.S. exchanges (e.g. $BABA $PDD $BIDU ). Their strength is a major reason why the NASDAQ 100 Index moved to an all-time high today.

Pinduoduo $PDD a NASDAQ 100 stock moved above intermediate resistance at $95.51 forming possible bottoming pattern.

Another Chinese based inter-listed stock breakout! Trip com $TCOM a NASDAQ 100 stock moved above intermediate resistance at $28.90 completing a potential double bottom pattern.

Seasonality chart of the day from www.EquityClock.com

Seasonal influences on a real and relative basis for Chinese equities and related ETFs turn Positive in mid-August for a seasonal trade to early November.

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for August 24^th 2021

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for August 24^th 2021

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for August 24^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 another 3.41 yesterday to 66.73. It remains Overbought.

The long term Barometer gained another 1.80 yesterday to 82.16. It remains Extremely Overbought.

TSX Momentum Barometers

The intermediate term Barometer added another 2.93 yesterday to 51.71. It remains Neutral.

The long term Barometer added another 0.49 yesterday to 70.24. 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