Tech Talk for Thursday February 16th 2023

Technical Notes

Canadian Information/Technology iShares $XIT.TO moved above Cdn$40.53 extending an intermediate uptrend.

Analog Devices $ADI a NASDAQ 100 stock moved above $187.66 to an all-time high extending an intermediate uptrend.

Take Two $TTWO moved above $115.33 extending an intermediate uptrend.

General Electric $GE an S&P 100 stock moved above $83.99 extending an intermediate uptrend.

Seagen $SGEN a NASDAQ 100 stock moved above $141.43 extending an intermediate uptrend.

Johnson & Johnson $JNJ a Dow Jones Industrial Average stock moved below $161.05 extending an intermediate downtrend.

Incyte $INCY a NASDAQ 100 stock moved below intermediate support at $78.28.

Bausch Health $BHC.TO a TSX 60 stock moved above Cdn$11.77 extending an intermediate uptrend.

Canadian gold stocks are under technical pressure with lower gold prices. Kinross Gold moved below Cdn$5.27 and US$3.96 setting an intermediate downtrend. Yamana Gold moved below intermediate support at Cdn$7.27.

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for Feb.15^th 2023

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for Feb.15^th 2023

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for Feb.15^th 2023

Green: Increase from previous day

Red: Decrease from previous day

Links offered by valued providers

5 Growth Stocks Ready To Explode! | Tom Bowley | Your Daily Five (02.15.23)

https://www.youtube.com/watch?v=Us5PvgrvI30

Is There More Upside | Greg Schnell, CMT | Market Buzz (02.15.23)

https://www.youtube.com/watch?v=s6s63bIrfWE

S&P 500 Momentum Barometers

The intermediate term Barometer slipped 0.20 to 69.00. It remains Overbought.

The long term Barometer added 0.40 to 72.20. It remains Overbought.

TSX Momentum Barometers

The intermediate term Barometer dropped 2.12 to 65.25. It remains Overbought.

The long term Barometer slipped 1.27 to 66.95. It remains Overbought.

Disclaimer: Seasonality ratings 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