Tech Talk for Wednesday November 17th 2021

by Don Vialoux,


Technical Notes released yesterday at

Retail Sales in the US jumped by 4.3% (NSA) in October, much stronger than the 3.4% rise that is average for this time of year. $MACRO $STUDY $XRT $RTH #Economy #Consumer


Palladium ETN $PALL moved higher despite mild weakness in precious metal prices. Yesterday, units moved above $201.66 completing a double bottom pattern. Seasonal influences are favourable to early March. If a subscriber to EquityClock, see:


Thomson Reuters $TRI.CA a TSX 60 stock moved above $152.03 to an all-time high extending an intermediate uptrend.


Illumina $ILMN a NASDAQ 100 stock moved below $378.50 extending an intermediate downtrend.


Manulife $MFC.CA a TSX 60 stock moved above $25.32 and $25.41 resuming an intermediate uptrend.



Seasonality Chart of the Day from

Seasonal influences for Palladium on a real and relative basis are favourable between now and the first week in March.


Also, note price chart above. Technical parameters for precious metals and related equities and ETFs historically have turned positive in mid-December for a seasonal trade lasting to early March. Usually Palladium is the first of the precious metals to record improving technical parameters during years when seasonal influences for the sector are strong.


Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for Nov.16th 2021


Green: Increase from previous day

Red: Decrease from previous day


Daily Seasonal/Technical Commodities Trends for Nov.16th 2021


Green: Increase from previous day

Red: Decrease from previous day



Daily Seasonal/Technical Sector Trends for Nov.16th 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 (except TSX).


S&P 500 Momentum Barometers


The intermediate term Barometer slipped 1.20 to 75.15 yesterday. It remains Overbought.


The long term Barometer slipped 1.40 to 74.55 yesterday. It remains Overbought and showing early signs of trending lower.


TSX Momentum Barometers


The intermediate term Barometer added 0.94 to 72.64 yesterday. It remains Overbought and showing early signs of rolling over.


The long term Barometer added 0.47 to 72.64 yesterday. It remains Overbought.

Disclaimer: Seasonality and technical ratings offered in this report and at 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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