Tech Talk for Friday February 4th 2022

Technical Notes released yesterday at

StockTwits.com@EquityClock

Risk aversion re-emerged on Wednesday as some of the more speculative segments of the market turned lower from short-term levels of resistance. equityclock.com/2022/02/02/… $IWM $XRT $XLY $BTC.X $SPHB $ARKK

Meta Platforms $FB moved below $244.13 and $244.61 extending an intermediate downtrend.

Check Point $CHKP moved above $238.39 and $128.44 extending an intermediate uptrend.

MetLife $MET an S&P 100 stock moved above $69.16 to an all-time high extending an intermediate uptrend.

Coca Cola $KO a Dow Jones Industrial Average stock moved above $61.45 to an all-time high extending an intermediate uptrend.

VALE $VALE one of the world’s largest base metals producers moved above $16.40 extending an intermediate uptrend.

BCE $BCE.CA a TSX 60 stock moved above Cdn$67.25 to an all-time high extending an intermediate uptrend.

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for Feb.3^rd 2022

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for Feb.3^rd 2022

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for Feb.3^rd 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)

Market Buzz

Greg Schnell discusses “The markets after the storm”.

The Markets After The Storm | Greg Schnell, CMT | Market Buzz (02.02.22) – YouTube

S&P 500 Momentum Barometers

The intermediate term Barometer dropped 5.62 to 42.37 yesterday. It remains Neutral.

The long term Barometer dropped 6.22 to 52.41 yesterday. It remains Neutral.

TSX Momentum Barometers

The intermediate term Barometer dropped 7.93 to 47.58 yesterday. It remains Neutral.

The long term Barometer dropped 5.73 to 48.90 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