Pre-opening Comments for Wednesday July 21st U.S. equity index futures were higher this morning. S&P 500 futures were up 8 point in pre-opening trade. Chipotle advanced $68.86 to $1,641.21 after reporting higher than consensus second quarter revenues and earnings. Netflix added $2.15 to $533.20 after the company announced plans to enter the gaming industry. Canadian National Railway slipped $0.40 to US$101.90 after reporting slightly less than consensus second quarter earnings. Coca Cola added $1.19 to $57.02 after reporting higher than consensus second quarter revenues and earnings. The company also raised guidance. EquityClock’s Daily Comment Following is a link: http://www.equityclock.com/2021/07/20/stock-market-outlook-f... Technical Notes released yesterday at StockTwits.com@EquityClock More and more stocks are trading below their 50-day moving averages, but, as we near an oversold extreme, we have to be prepared to buy. equityclock.com/2021/07/19/… $SPX $SPY $ES_F $STUDY Consumer Staples SPDRs $XLP moved above $71.22 to an all-time high extending an intermediate uptrend. Biotech ETF $BBH moved above $203.62 to an all-time high extending an intermediate uptrend. Natural gas ETN $UNG moved above $13.32 extending an intermediate uptremd Philip Morris $PM an S&P 100 stock moved below $95.83 and $94.68 setting an intermediate downtrend. Gilead $GILD a NASDAQ 100 stock moved above $69.39 extending an intermediate uptrend. Pfizer $PFE a Dow Jones Industrial Average stock moved above $40.72 extending an intermediate uptrend. Trader’s Corner Equity Indices and Related ETFs Daily Seasonal/Technical Equity Trends for July 20th 2021 Green: Increase from previous day Red: Decrease from previous day Commodities Daily Seasonal/Technical Commodities Trends for July 20th 2021 Green: Increase from previous day Red: Decrease from previous day Sectors Daily Seasonal/Technical Sector Trends for July 20th 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 The Canadian Technician Greg Schell comments on “The Valley of Fear”. Following is a link: The Valley Of Fear | The Canadian Technician | StockCharts.com Seasonality Chart of the Day from www.EquityClock.com NASDAQ Composite Index has a history of changing from Positive to Neutral on a real and relative basis (relative to the S&P 500 Index) between July 20th and August 15th. Thereafter, it returns to Positive. S&P 500 Momentum Barometers The intermediate Barometer jumped 10.82 to 47.49 yesterday. It changed from Oversold to Neutral on a recovery above 40.00. The long term Barometer gained 5.21 to 86.37 yesterday. It remains Extremely Overbought. TSX Momentum Barometers The intermediate term Barometer advanced 6.95 to 43.40 yesterday. It changed from Oversold to Neutral on a move above 40.00. The long term Barometer added 1.60 to 71.70 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