Tech Talk for Thursday March 3rd 2022

Technical Notes released yesterday at

StockTwits.com@EquityClock

Price of Oil is reaching significant resistance around the 2014 high, a break of which could further escalate the panic in the equity market and the strain in the economy. equityclock.com/2022/03/01/… $CL_F $USO $DBC #OIL $XLE $XOP $OIL

Citigroup $C an S&P 100 stock moved below $57.14 extending an intermediate downtrend.

Intuitive Surgical $ISRG a NASDAQ 100 stock moved above $294.98 completing a double bottom pattern.

Cadence Design $CDNS a NASDAQ 100 stock moved above intermediate resistance at $154.42. Seasonal influences are favourable to early June. If a subscriber to EquityClock, see seasonality chart at https://charts.equityclock.com/cadence-design-systems-inc-nasdcdns-seasonal-chart

BCE Inc. BCE.CA a TSX 60 stock moved above Cdn$68.17 to an all-time high extending an intermediate uptrend.

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for March 2^nd 2022

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for March 2^nd 2022

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for March 2^nd 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

Links offered by Mark Bunting and www.uncommonsenseinvestor.com

The US is at war with Russia: 4 scenarios from here – GZERO Media

Hi-Lights from Warren Buffett’s Annual Shareholder Letter – Uncommon Sense Investor

Greg Schnell from www.StockCharts.com focuses on the Commodity Breakout

Commodities Breakout | Greg Schnell, CMT | Your Daily Five (03.02.22) – YouTube

S&P 500 Momentum Barometers

The intermediate term Barometer gained 11.82 to 36.67 yesterday. It remains Oversold.

The long term Barometer recovered 7.01 to 46.89 yesterday. It returned to Neutral from Oversold on a move above 40.00.

TSX Momentum Barometers

The intermediate term Barometer added 4.70 to 58.48 yesterday. It remains Neutral.

The long term Barometer added 0.26 to 58.48 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