Technical Notes for yesterday Chevron $CVX an S&P 100 stock moved above $174.76 to an all-time high extending an intermediate uptrend Canadian “gassy” stocks continue to move higher. Birchcliffe $BIR.TO moved above $10.53 to an eight year high extending an intermediate uptrend. Philip Morris $PM an S&P 100 stock moved above $105.74 extending an intermediate uptrend. Trader’s Corner Equity Indices and Related ETFs Daily Seasonal/Technical Equity Trends for May 16th 2022 Green: Increase from previous day Red: Decrease from previous day Commodities Daily Seasonal/Technical Commodities Trends for May 16th 2022 Green: Increase from previous day Red: Decrease from previous day Sectors Daily Seasonal/Technical Sector Trends for May 16th 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 (except TSX) Seasonality Chart of the Day Seasonality for Biotech sector is positive on a real and relative basis from May 10th to Sept. 20th. The sector is notably stronger prior to the ASCO conference scheduled this year on June 3-7th. Biotech ETFs including IBB, BBH, FBT and XBI are showing technical signs of an intermediate bottom. Short term momentum indicators and strength relative to S&P 500 have turned higher. S&P 500 Momentum Barometers The intermediate term Barometer added 0.80 to 22.44 yesterday. It remains Oversold The long term Barometer added 0.60 to 33.07 yesterday. It remains Oversold. TSX Momentum Barometers The intermediate term Barometer added 4.41 to 25.99 yesterday. It remains Oversold. The long term Barometer added 0.44 to 34.80 yesterday. It remains Oversold. 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.