Tech Talk for Wednesday January 12th 2022

Technical Notes released yesterday at

StockTwits.com@EquityClock

China Large Cap iShares $FXI moved above $37.18 completing a double bottom pattern.

Base metal stocks continue to move higher. VALE $VALE one of the largest base metal producers in the world moved above $15.10 extending an intermediate uptrend. Seasonal influences are favourable to at least the end of February. If a subscriber to EquityClock, see seasonality chart at https://charts.equityclock.com/vale-adr-nysevale-seasonal-chart

We’re buying the dip in this Software ETF, which reached the accepted definition of a bear market decline at the lows on Monday. equityclock.com/2022/01/10/… $IGV $MSFT $CRM $ADBE $INTU $ORCL $NOW $ADSK $XLK $QQQ

Illumina $ILMN a NASDAQ 100 stock moved above $397.44 completing a double bottom pattern. Seasonal influences are favourable to late February. If a subscriber to EquityClock, see seasonality chart at https://charts.equityclock.com/illumina-inc-nasdaqilmn-seasonal-chart

Amgen $AMGN an S&P 100 stock moved above $231.04 extending an intermediate uptrend.

Morgan Stanley $MS an S&P 100 stock moved above $105.22 to an all-time high extending an intermediate uptrend.

Emerging Markets iShares $EEM moved above intermediate resistance at $49.68.

Editor’s Note: Nice breakout by BMO Emerging Markets ETF: ZEM.TO above Cdn$22.79 completing a double bottom pattern.

Manulife Financial $MFC.CA a TSX 60 stock moved above $25.69 extending an intermediate uptrend.

Canadian National Railway $CNR.CA a TSX 60 stock moved below $152.68 extending an intermediate downtrend.

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for Jan.11^th 2022

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for Jan.11^th 2022

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for Jan.11^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)

S&P 500 Momentum Barometers

The intermediate Barometer added 5.61 to 65.73 yesterday. It remains Overbought .

The long term Barometer added 1.40 to 72.14 yesterday. It remains Overbought.

TSX Momentum Barometers

The intermediate term Barometer added 4.93 to 52.47 yesterday. It remains Neutral.

The long term Barometer added 1.79 to 59.19 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