Tech Talk for Wednesday October 13th 2021

by Don Vialoux, EquityClock.com

Technical Notes released yesterday at

StockTwits.com@EquityClock

Base metals stocks continue to advance. HudBay Minerals $HBM.CA moved above $8.39 completing a double bottom pattern.

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BMO Equal Weighted Base Metals ETF $ZMT.CA moved above Cdn$53.32 setting an intermediate uptrend.

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Access to seasonality charts is available for subscribers of www.EquityClock.com

Lumber stocks finally are responding to completion of a reverse Head & Shoulders pattern by spot lumber futures on Friday. West Fraser Timber $WFG moved above Cdn$110.21 to an all-time high extending an intermediate uptrend.

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Access to seasonality charts is available to www.EquityClock.com subscribers

Soybean ETN $SOYB moved below $21.27 completing a double top pattern.

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Coffee ETN $JJOFF moved above $17.80 extending an intermediate uptrend.

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Comcast $CMCSA an S&P 100 stock moved below $53.21 and $52.00 extending an intermediate downtrend.

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Micron $MU a NASDAQ 100 stock moved below $68.71 extending an intermediate downtrend

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TC Energy $TRP.CA a TSX 60 stock moved above $63.64 extending an intermediate uptrend.

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Traderā€™s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for Oct.12th 2021

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Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for Oct.12th 021

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Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for Oct.12th 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

(except TSX)

S&P 500 Momentum Barometers

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The intermediate term Barometer slipped 0.80 to 37.47 yesterday. It remains Oversold.

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The long term Barometer eased 0.80 to 65.53. It remains Overbought.

TSX Momentum Barometers

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The intermediate term Barometer added 0.93 to 42.99 yesterday. It remains Neutral

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The long term Barometer was unchanged yesterday at 61.68. 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




This post was originally publised at Vialoux's Tech Talk.

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