Tech Talk for Wednesday March 8th 2023

Mar 08

Technical Notes

Biogen $BIIB an S&P 100 stock moved below $269.06 completing a double top pattern.

Dupont $DD an S&P 500 stock moved below $71.11 completing a short term Head & Shoulders pattern.

Thomson Reuters $TRI.TO a TSX 60 stock moved above Cdn$167.21 to an all-time high extending an intermediate uptrend.

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for March 7^th 2023

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for March 7^th 2023

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for March 7^th 2023

Green: Increase from previous day

Red: Decrease from previous day

S&P 500 Momentum Barometers

The intermediate term Barometer plunged 13.00 to 37.80. It changed from Neutral to Oversold on a drop below 40.00. Daily trend is down.

The long term Barometer dropped 5.20 to 57.40. It changed from Overbought to Neutral on a drop below 60.00.

TSX Momentum Barometers

The intermediate term Barometer plunged 8.51 to 46.38. It remains Neutral. Daily trend is down.

The long term Barometer dropped 2.98 to 62.13. 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