Tech Talk for Tuesday December 14th 2021

Technical Notes released yesterday at

StockTwits.com@EquityClock

Utilities SPDRs $XLU moved above $64.54 to an all-time high extending an intermediate uptrend.

Coca Cola $KO a Dow Jones Industrial Average stock moved above $56.72 extending an intermediate uptrend. The stock was upgraded by JP Morgan this morning to Overweight.

Qualcomm $QCOM an S&P 100 stock moved above $188.06 to an all-time high extending an intermediate uptrend. Seasonal influences are favourable to mid-January. If a subscriber to EquityClock, see seasonality chart at https://charts.equityclock.com/qualcomm-inc-nasdaqqcom-seasonal-chart

Russia ETF $RSX moved below $27.54 and $27.45 setting an intermediate downtrend.

Nike $NKE a Dow Jones Industrial Average stock moved below $166.33 completing a double top pattern.

Fortis $FTS.CA a TSX 60 stock moved above $58.38 to an all-time high extending an intermediate uptrend.

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for Dec.13^th 2021

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for Dec.10^th 2021

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for Dec.13^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 (except TSX).

Seasonality Chart of the Day from www.EquityClock.com

Seasonal influences for the TSX Composite Index relative to the S&P 500 Index bottoms on December 15^th and strengthens to the end of February.

Technicals for the TSX Composite Index currently are mixed. The Index remains at an uptrend, but is underperforming the S&P 500 Index and trades below its 20 and 50 day moving averages. Daily momentum indicators are trending down. Look for a bounce by the Index near 20,500.

S&P 500 Momentum Barometers

The intermediate term Barometer dropped 5.21 to 56.11 yesterday. It changed from Overbought to Neutral on a move below 60.00.

The long term Barometer slipped 1.60 to 69.14 yesterday. It remains Overbought.

TSX Momentum Barometers

The intermediate term Barometer slipped 3.37 to 34.42 yesterday. It remains Oversold.

The long term Barometer added 0.02 to 52.09 yesterday. It remains Neutral.

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