Technical Notes TSX Composite Index closed above 15,257.93 extending an intermediate uptrend. S&P/TSX 60 also broke out with a move above 922.18. Related ETF (XIU) broke out on a move above $23.11. More S&P 100 and Dow Jones Industrial stocks moved above recent trading ranges setting intermediate uptrends: Marriot, Exxon Mobil, American Express, Bank of America, Bank of New York Mellon, Citigroup, Capital One, Lowe’s MetLife, Honeywell, AT&T Breakouts were dominated by U.S. based financial stocks and related ETF: XLF KBE KRE Another NASDAQ 100 stock moved above recent trading ranges setting intermediate up trends: PAYX Italy iShares (EWI) moved above $21.69 completing a base building pattern and setting an intermediate uptrend. Steel ETF (SLX) moved above $25.39 setting an intermediate uptrend. Aerospace and Defense ETF (PPA) moved above $56.13 extending an intermediate uptrend. Ditto for ITA on a move above $161.52, Forest Product iShares (WOOD) moved above $54.42 extending an intermediate uptrend. Agribusiness ETF trading in Canada (COW.TO) moved above $36.04 extending an intermediate uptrend. Canadian Equally Weighted Banks ETF (ZEB.TO) moved above $23.75 completing a base building pattern and setting an intermediate uptrend. TSX Financial iShares (XFN.TO) moved above $32.51 completing a base building pattern and setting an intermediate uptrend. Breakouts by Canadian Bank ETFs were triggered by breakouts by National Bank, Royal Bank and Toronto Dominion Bank, setting intermediate uptrends following release of fiscal second quarter results. ManuLife Financial moved above $17.86 setting an intermediate uptrend. Trader’s Corner Equity Indices and related ETFs Daily Seasonal/Technical Equity Trends for May 27th 2020 Green: Increase from previous day Red: Decrease from previous day Commodities Seasonal/Technical Commodities Trends for May 27th 2020 Green: Increase from previous day Red: Decrease from previous day Sectors Daily Seasonal/Technical Sector Trends for May 27th 2020 Green: Increase from previous day Red: Decrease from previous day Greg Schnell’s “Market Buzz” Greg discusses the “Dark Cloud of the NASDAQ 100”. Following is a link: S&P 500 Momentum Barometer The Barometer gained another 3.61 to 94.19 yesterday. It remains extremely overbought, but has yet to show signs of an intermediate peak. TSX Momentum Barometer The Barometer added 0.45 to 89.73 yesterday. It remains extremely overbought, but has yet to show signs of an intermediate peak. 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