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Tech Talk for Thursday October 14th 2021

 

Technical Notes released yesterday at

StockTwits.com@EquityClock

Frontier iShares $FM moved above $34.80 to an all-time high extending an intermediate uptrend.

Editor’s Note: Seasonal influences are favourable on a real and relative basis between now and the third week in February. See:

https://charts.equityclock.com/ishares-msci-frontier-100-etf-amexfm-seasonal-chart

 

Access to seasonality charts is available by subscription at www.EquityClock.com

 

Uranium ETF $URA moved above $28.72 to an all-time high extending an intermediate uptrend. Responding to strength in Cameco $CCJ and spot uranium prices.

Canadian forest product stocks continue to move higher. Canfor $CFP.CA moved above $29.11, $29.28 and $29.37 resuming an intermediate uptrend. Forest product ETFs including $WOOD and $CUT also are moving higher.

Editor’s Note: Seasonal influences are favourable on a real and relative basis for lumber futures, lumber stocks and lumber ETFs between now and at least early January and frequently to mid-February. See:

 

https://charts.equityclock.com/seasonal_charts/CFP.TO_RelativeToSPX.png

 

Access to seasonality charts is available by subscription at www.EquityClock.com

 

Splunk $SPLK a NASDAQ 100 stock moved above $160.00 extending an intermediate uptrend.

Loblaw Companies $L.CA a TSX 60 stock moved above $91.62 to an all-time high extending an intermediate uptrend

Editor’s Note: Seasonal influences are favourable on a real basis between now and December 31st. See:

 

https://charts.equityclock.com/loblaw-companies-limited-tsel-seasonal-chart

 

Access to seasonality charts is available by subscription at www.EquityClock.com

 

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for Oct.13th 2021

Green: Increase from previous day

Red: Decrease from previous day

 

Commodities

Daily Seasonal/Technical Commodities Trends for Oct.13th 021

Green: Increase from previous day

Red: Decrease from previous day

 

Sectors

Daily Seasonal/Technical Sector Trends for Oct.13th 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 from www.EquityClock.com

Seasonal influences on a real basis for IEV are favourable until early January.

Technical score increased yesterday from -2 to +4 when strength relative to the S&P 500 changed from Negative to Positive and units moved above their 20 day moving average.

 

Links to videos from valued contributors

Greg Schnell discusses tricky technical markets. His comments include favourable comments on crude oil, oil stocks, lumber and lumber stocks. Following is a link:

Dave Keller discusses “Where to place bets through year end” Following is the link:

Larry Williams says “Trick or Treat Comes to Wall Street”. Focus is on seasonal patterns and how they turn bullish by the end of October. Following is the link:

 

S&P 500 Momentum Barometers

The intermediate term Barometer added 1.00 to 38.48 yesterday. It remains Oversold.

The long term Barometer added 0.40 to 65.93 yesterday. It remains Overbought.

 

TSX Momentum Barometers

The intermediate term Barometer advanced 8.88 to 51.87 yesterday. It remains Neutral and trending higher.

The long term Barometer added 3.27 to 64.95 yesterday. It remains Overbought and trending higher.

 

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

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