Tech Talk for Wednesday April 6th 2022

Technical Notes released yesterday at

StockTwits.com@EquityClock

Xcel Energy $XEL an S&P 100 stock moved above $73.35 to an all-time high extending an intermediate uptrend. Seasonal influences are favourable to June 26th. If a subscriber to EquityClock, see seasonality chart at https://charts.equityclock.com/xcel-energy-inc-nysexel-seasonal-chart

United Parcel Service $UPS an S&P 100 stock moved below $198.53 completing a double top pattern.

Agriculture commodity prices continue moving higher. Corn ETF $CORN moved above $27.77 to an 8 year high extending an intermediate uptrend. Seasonal influences for Corn futures and ETN are favourable to mid-June. If a subscriber to EquityClock, see seasonality chart at https://charts.equityclock.com/corn-futures-c-seasonal-chart

Telus $T.CA a TSX 60 stock moved above $33.48 to an all-time high extending an intermediate uptrend.

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for April 5^th 2022

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for April 5^th 2022

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for April 5^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 term Barometer dropped 4.61 to 61.12 yesterday. It remains Overbought. Trend is down.

The long term Barometer dropped another 2.81 to 49.90 yesterday. It remains Neutral. Trend is down.

TSX Momentum Barometers

The intermediate term Barometer dropped another 4.53 to 62.28 yesterday. It remains Overbought. Trend is down.

The long term Barometer eased another 1.48 to 60.53 yesterday. It remains Overbought. Trend is down.

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.