Tech Talk for Tuesday February 1st 2022

by Don Vialoux, EquityClock.com

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Technical Notes released yesterday at

StockTwits.com@EquityClock

Soybean ETN $SOYB moved above $24.80 to an 8 year high extending an intermediate uptrend.

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Southern Companies $SO an S&P 100 stock moved above $69.23 to an all-time high extending an intermediate uptrend.

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"Gassy" Canadian energy stocks are responding to higher natural gas prices. ARC Resources moved above $14.35 extending an intermediate uptrend. Seasonal influences are favourable to the end of February and frequently to June. If a subscriber to EquityClock see, see seasonality chart at https://charts.equityclock.com/arc-resources-ltd-tsearx-seasonal-chart

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Dollarama $DOL.CA a TSX 60 stock moved above $64.44 to an all-time high extending an intermediate uptrend.

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Enbridge $ENB.CA a TSX 60 stock moved above Cdn$53.14 to an all-time high extending an intermediate uptrend. Seasonal influences are favourable to late May. If a subscriber to EquityClock see seasonality chart at https://charts.equityclock.com/enbridge-inc-tseenb-seasonal-chart

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Metro $MRU.CA a TSX 60 stock moved above $68.34 to an all-time high extending an intermediate uptrend. Seasonal influences are favourable to the end of March and frequently to late May. If a subscriber to EquityClock, see seasonality chart at https://charts.equityclock.com/metro-inc-tsemru-seasonal-chart

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Manulife Financial $MFC.CA a TSX 60 stock moved above $26.23 extending an intermediate uptrend.

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Traderā€™s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for Jan.31st 2022

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Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for Jan.31st 2022

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Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for Jan.31st 2021

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Green: Increase from previous day

Red: Decrease from previous day

All seasonality ratings are based on performance relative to the S&P 500 Index (except TSX)

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S&P 500 Momentum Barometers

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The intermediate term Barometer gained 3.41 to 39.88 yesterday. It remains Oversold. Trend is up

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The long term Barometer advanced 4.51 to 53.11 yesterday. It remains Neutral. Trend is up

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TSX Momentum Barometers

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The intermediate term Barometer advanced 6.28 to 49.33 yesterday. It remains Neutral. Trend is up.

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The long term Barometer added 2.23 to 51.56 yesterday. It remains Neutral. Trend has turned up.

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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




This post was originally publised at Vialoux's Tech Talk.

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