Tech Talk for Friday April 16th 2021

Technical Notes for Thursday April 15^th

7-10 year Treasury bond iShares (IEF) moved above $114.17 completing a double bottom pattern.

Australia iShares (EWA) moved above $25.89 to an all-time high extending an intermediate uptrend.

Medical Devices iShares (IHI) moved above $351.59 to an all-time high extending an intermediate uptrend.

Vertex (VRTX), a NASDAQ 100 stock moved above $220.63 setting an intermediate uptrend.

Duke Energy (DUK), an S&P 100 stock moved above $99.38 to an all-time high extending an intermediate uptrend.

Southern Companies (SO), an S&P 100 stock moved above $64.25 extending an intermediate uptrend.

Junior Gold Miners ETF (GDXJ) moved above US$49.25 completing a double bottom pattern.

Agnico-Eagle (AEM), a TSX 60 stock moved above US$61.61 completing a double bottom pattern.

Regeneron (REGN), a NASDAQ 100 stock moved above $497.70 completing a double bottom pattern.

Base metals stocks continue to record positive technical action. Lundin Mining (LUN) moved above $15.35 to an all-time high extending an intermediate uptrend.

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for April 15^th 2021

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for April 15^th 2021

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for April 15^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

Market Buzz

Greg Schnell discusses “Chipping away at Semi-conductors”. Following is a link:

https://www.youtube.com/watch?v=nx61l8KYul8

S&P 500 Momentum Barometer

The intermediate term Barometer added 0.79 to 92.57 yesterday. It remains Extremely Overbought.

The long term Barometer added 0.79 to 96.39 yesterday. It remains Extremely Overbought.

TSX Momentum Barometer

The intermediate term Barometer added 5.31 to 82.27 yesterday. It changed back from Overbought to Extremely Overbought on a return above 80.00.

The long term Barometer added 1.87 to 81.77 yesterday. It changed back from Overbought to Extremely Overbought on a return above 80.00.

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