Tech Talk for Friday June 4th 2021

Technical Notes released yesterday at StockTwits.com@EquityClock

Medtronic $MDT an S&P 100 stock moved below $122.86 completing a double top pattern.

Global Timber and Forest iShares $WOOD moved below $89.71 completing a Head & Shoulders pattern

Caterpillar $CAT a Dow Jones Industrial Average stock moved above $245.78 to an all-time high extending an intermediate uptrend.

General Motors $GM an S&P 100 stock moved above $63.44 to an all-time high extending an intermediate uptrend.

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for June 3^rd 2021

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for June 3^rd 2021

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for June 2^nd 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 rolls through the month end charts from around the world. This is a very high level view and Greg works to explain why he thinks these markets are getting ready to move higher. Following is a link:

https://www.youtube.com/watch?v=54nBWKDYChc

S&P 500 Momentum Barometer

The intermediate term Barometer slipped 2.66 to 70.68 yesterday. It remains Overbought.

The long term Barometer added 1.22 to 89.96 yesterday. It remains Extremely Overbought.

TSX Momentum Barometer

The intermediate Barometer slipped 1.52 to 70.83 yesterday. It remains Overbought.

The long term Barometer dropped 2.66 to 70.68 yesterday. It remains Overbought.

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