Tech Talk for Wednesday October 27th 2021

Technical Notes released yesterday at

StockTwits.com@EquityClock

United Kingdom iShares $EWU moved above $33.96 to an all-time high extending an intermediate uptrend

Technology SPDRs $XLK moved above $159.85 to an all-time high extending an intermediate uptrend.

Ahead of Amazon’s earnings report on Thursday, we are downgrading our view of the Broadline Retail industry given the sluggish performance realized in recent weeks. Find out what other actions are prudent for your portfolio in today’s report. equityclock.com/2021/10/25/… $AMZN $XRT $RTH

United Parcel Services $UPS an S&P 100 stock moved above $217.39 to an all-time high extending an intermediate uptrend. The company reported higher than consensus third quarter earnings.

Editor’s Note: Seasonal influences on a real and relative basis are favourable to the end of November. If a subscriber to www.EquityClock.com , see: https://charts.equityclock.com/united-parcel-service-inc-nyseups-seasonal-chart

General Electric $GE an S&P 100 stock moved above $107.28 and $107.76 resuming an intermediate uptrend.

Seagen $SGEN a NASDAQ 100 stock moved above $177.75 extending an intermediate uptrend.

ANSYS $ANSS a NASDAQ 100 stock moved above $377.26 and $378.75 resuming an intermediate uptrend.

Lockheed Martin $LMT an S&P 100 stock moved below $335.10 setting an intermediate downtrend.

Brookfield Infrastructure $BIP a TSX 60 stock moved above US$58.58 to an all-time high extending an intermediate uptrend.

Celestica $CLS.CA a major Canadian technology stock moved above Cdn$12.58 to a three year high extending an intermediate uptrend. The company reported higher than consensus quarterly earnings.

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for Oct.25^th 2021

Green: Increase from previous week

Red: Decrease from previous week

Commodities

Daily Seasonal/Technical Commodities Trends for Oct.26^th 2021

Green: Increase from previous week

Red: Decrease from previous week

Sectors

Daily Seasonal/Technical Sector Trends for Oct.26^th 2021

Green: Increase from previous week

Red: Decrease from previous week

All seasonality ratings are based on performance relative to the S&P 500 Index (except TSX)

The Next Big Move

Greg Schnell focuses on crude oil, grains and gold. Following is a link:

The Next Big Move | The Canadian Technician | StockCharts.com

Seasonality Chart of the Day from

www.EquityClock.com

Seasonal influences on a real and relative basis are positive for Materials SPDRs (XLB) until the first week in January.

Yesterday, XLB moved above $86.25 resuming an intermediate uptrend.

S&P 500 Momentum Barometers

The intermediate term Barometer slipped 0.40 to 64.73 yesterday. It remains Overbought.

The long term Barometer eased 0.40 to 74.95 yesterday. It remains Overbought.

TSX Momentum Barometers

The intermediate term Barometer slipped 2.42 to 69.08 yesterday. It remains Overbought.

The long term Barometer eased 0.48 to 67.63 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