Tech Talk for Tuesday February 28th 2023

Technical Notes

Wheat ETN $WEAT moved below $7.23 extending an intermediate downtrend.

Pharmaceutical ETF $PPH moved below $76.19 completing a Head & Shoulders pattern.

Bristol-Myers $BMY an S&P 100 stock moved below $69.80 extending an intermediate downtrend.

Eli Lilly $LLY an S&P 100 stock moved below $315.98 extending an intermediate downtrend.

Natural Gas ETN $UNG moved above intermediate resistance at $8.92. “Gassy” stocks responded accordingly.

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for Feb.27^th 2023

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for Feb.27^th 2023

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for Feb.27^th 2023

Green: Increase from previous day

Red: Decrease from previous day

Links offered by a valued provider

Defensive Names With Growth | Mary Ellen McGonagle | Your Daily Five (02.27.23)

Defensive Names With Growth | Mary Ellen McGonagle | Your Daily Five (02.27.23) – YouTube

S&P 500 Momentum Barometers

The intermediate term Barometer added 2.20 to 47.60. It remains Neutral.

The long term Barometer was unchanged at 59.80. It remains Neutral. Trend remains down.

TSX Momentum Barometers

The intermediate term Barometer slipped 1.70 to 51.49. It remains Neutral.

The long term Barometer added 2.98 to 60.85. It changed from Neutral to Overbought by moving back above 60.00.

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