Tech Talk for Friday February 17th 2023

Next Tech Talk Report

Next report is offered on Tuesday February 21^st. Monday is a holiday (Family Day in Canada and Presidents Day in the U.S.)

Technical Notes

Cisco $CSCO a Dow Jones Industrial Average stock moved above $50.31 extending an intermediate uptrend. The company reported higher than consensus quarterly results.

Intuitive Surgical $ISRG a NASDAQ 100 stock moved below $238.84 extending an intermediate downtrend.

Xcel Energy $XEL a NASDAQ 100 stock moved below $66.95 extending an intermediate downtrend.

Check Point Software $CHKP a NASDAQ 100 stock moved below $123.46 setting an intermediate downtrend.

Teck Corp $TECK.B.TO a TSX 60 stock moved above Cdn$58.75 to an all-time high extending an intermediate uptrend. The company announced plans to sell its coal division.

Canadian Tire $CTC.A.TO a TSX 60 stock moved above $169.06 extending an intermediate uptrend. The company reported higher than consensus fourth quarter results.

Algonquin Power $AQN.TO a TSX 60 stock moved above $10.18 completing a reverse Head & Shoulder pattern.

Manulife Financial $MFC a TSX 60 stock moved above $26.77 to an all-time high extending an intermediate uptrend. The company announced higher than consensus fourth quarter results and increased its dividend by 11%.

Cenovus $CVE.TO a TSX 60 stock moved below intermediate support at $23.85.

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for Feb.16^th 2023

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for Feb.16^th 2023

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for Feb.16^th 2023

Green: Increase from previous day

Red: Decrease from previous day

S&P 500 Momentum Barometers

The intermediate term Barometer dropped 4.40 to 64.60. It remains Overbought.

The long term Barometer dropped 3.40 to 68.80. It remains Overbought.

TSX Momentum Barometers

The intermediate term Barometer slipped 0.42 to 64.83. It remains Overbought.

The long term Barometer dropped 1.27 to 65.68. It remains Overbought. Trend is down.

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