Tech Talk for Wednesday February 2nd 2022

Technical Notes released yesterday at

StockTwits.com@EquityClock

United Parcel Services $UPS an S&P 100 stock moved above $219.45 to an all-time high extending an intermediate uptrend. Responded to higher than consensus fourth quarter results and favourable guidance.

Exelon $EXC an S&P 100 stock moved above $58.01 to an all-time high extending an intermediate uptrend.

Splunk $SPLK a NASDAQ 100 stock moved above $123.94 resuming an intermediate uptrend. Seasonal influences are favourable to the end of February. If a subscriber to EquityClock, see seasonality chart at https://charts.equityclock.com/splunk-inc-nasdsplk-seasonal-chart

Sirius XM $SIRI a NASDAQ 100 stock moved above $6.71 and $6.78 extending an intermediate uptrend.

Canadian Energy iShares $XEG.CA moved above $12.73 to a five year high extending an intermediate uptrend.

Editor’s Note: Seasonal influences are favourable to the end of May. If a subscriber to EquityClock, see seasonality chart at https://charts.equityclock.com/ishares-sptsx-capped-energy-index-etf-tsexeg-seasonal-chart

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for Feb.1^st 2022

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for Feb.1^st 2022

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for Feb.1^st 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)

Links from valued providers

The Canadian Technician, Greg Schnell notes that “NASDAQ hits the thrusters.” Following is a link:

Nasdaq Hits The Thrusters! | The Canadian Technician | StockCharts.com

Strength in Infrastructure Equities and Related ETFs

The sector finally came alive following approval of the U.S. Infrastructure bill in December. Notably stronger yesterday by ETFs were XME, SLX, PICK and PAVE. Seasonal influences are favourable for the sector until early May. Seasonality chart on SLX is an example:

S&P 500 Momentum Barometers

The intermediate term Barometer added another 3.01 to 42.89 yesterday. It changed from Oversold to Neutral on a move above 40.00. Trend is up.

The long term Barometer added another 1.60 to 54.71. It remains Neutral. Trend is up.

TSX Momentum Barometers

The intermediate term Barometer added another 2.88 to 52.21 yesterday. It remains Neutral. Trend is up.

The long term Barometer added another 1.54 to 53.10 yesterday. It remains Neutral. Trend is up.

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