Technical Notes from yesterday Money Center U.S. Banks iShares $KBE moved below $46.01 extending an intermediate downtrend. Capital One $COF an S&P 100 stock moved below $119.88 extending an intermediate downtrend. Healthcare Providers iShares $IHF moved below intermediate support at $255.46. Oil & Gas Exploration and Production SPDRs $XOP moved below $123.99 completing a double top pattern. First Trust Natural Gas ETF $FCG moved below $22.78 completing a double top pattern. Canadian Natural Resources $CNQ.TO a TSX 60 stock moved below Cdn$76.16 and Cdn$74.85 completing a Head & Shoulders pattern. CSX $CSX a NASDAQ 100 stock moved below $32.62 completing a double top pattern. Dow $DOW an S&P 100 stock moved below $65.53 completing a double top pattern. TSX Composite Index moved below 19,912.59 setting an intermediate downtrend. Trader’s Corner Equity Indices and Related ETFs Daily Seasonal/Technical Equity Trends for May 10th 2022 Green: Increase from previous day Red: Decrease from previous day Commodities Daily Seasonal/Technical Commodities Trends for May 10th 2022 Green: Increase from previous day Red: Decrease from previous day Sectors Daily Seasonal/Technical Sector Trends for May 10th 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) Links offered by Valued Providers Tom Bowley says “Bottom rapidly approaching”. S&P 500 Momentum Barometers The intermediate term Barometer slipped 2.40 to 18.44 yesterday. It remains Oversold. Trend remains down. Signs of a bottom have yet to appear. The long term Barometer slipped 1.00 to 30.46 yesterday. It remains Oversold. Trend remains down. Signs of a bottom have yet to appear. TSX Momentum Barometers The intermediate term Barometer slipped 1.04 to 14.80 yesterday. It remains Oversold. Trend remains down. Signs of a bottom have yet to appear. The long term Barometer dropped another 1.65 to 32.74 yesterday. It remains Oversold. Trend remains down. Signs of a bottom have yet to appear. 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.