Technical Notes for Thursday Netflix $NFLX, an S&P 100 stock moved below $492.85 setting an intermediate downtrend. Docusign $DOCU, a NASDAQ 100 stock moved below $188.91 extending an intermediate downtrend. Silver stocks and Silver equity ETF $SIL are on the move. Pan American Silver $PAAS moved above $34.93 Gold equities and related ETFs including GDX, XGD.CA and GDXJ are moving higher this morning. Nice move by GDX above $36.83 extending an intermediate uptrend! T Mobile $TMUS, a NASDAQ 100 stock moved above $36.83 to an all-time high extending an intermediate uptrend. Canadian "gassy" stocks are moving higher. Nice breakout by ARC Resources ARX.CA to a two year high extending an intermediate uptrend! Schlumberger $SLB, an S&P 100 stock moved above $30.41 extending an intermediate uptrend. Morgan Stanley ($MS), an S&P 100 stock moved above $86.27 to an all-time high extending an intermediate uptrend. EAFE iShares $EFA moved above $79.42 to an all-time high extending an intermediate uptrend. Russia ETF $RSX moved above $27.14 to an all-time high extending an intermediate uptrend. First Quantum $FM Minerals moved above $31.56 to an all-time high extending an intermediate uptrend. Bank of Nova Scotia $BNS.TO, a TSX 60 stock moved above $71.25 to an all-time high extending an intermediate uptrend. Trader’s Corner Equity Indices and Related ETFs Daily Seasonal/Technical Equity Trends for May 6th 2021 Green: Increase from previous day Red: Decrease from previous day Commodities Daily Seasonal/Technical Commodities Trends for May 6th 2021 Green: Increase from previous day Red: Decrease from previous day Sectors Daily Seasonal/Technical Sector Trends for May 6th 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 focuses on “Building with Industrials”. Following is a link: S&P 500 Momentum Barometer The intermediate Barometer added 0.20 to 80.56 yesterday. It remains Extremely Overbought. The long term Barometer slipped 0.80 to 92.38 yesterday. It remains Extremely Overbought and showing early signs of rolling over. TSX Momentum Barometer The intermediate term Barometer added 2.87 to 74.87 yesterday. It remains Overbought. The long term Barometer dropped 1.12 to 75.38 yesterday. It remains Overbought and showing early signs of rolling over. 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