Technical Notes released yesterday at StockTwits.com@EquityClock S&P 500 SPDRs $SPY moved below $409.37 extending an intermediate downtrend. Equal Weight S&P 500 ETF $RSP moved below $145.51 extending an intermediate downtrend. Consumer Discretionary SPDRs $XLY moved below $161.24 extending an intermediate downtrend. Retail SPDRs $XRT moved below $69.90 extending an intermediate downtrend. Dow Jones Transportation Average iShares $IYT moved below $239.05 and $239.61 extending an intermediate downtrend. S&P Mid-cap 400 SPDRs $MDY moved below $451.83 extending an intermediate downtrend. Water Resources ETF $PHO moved below $48.57 extending an intermediate downtrend. Israel iShares $EIS moved below $67.59 extending an intermediate downtrend. TSX REIT iShares $XRE.CA moved below Cdn$18.82 extending an intermediate downtrend. Gold stocks are responding to lower gold prices. Franco-Nevada $FNV a TSX 60 stock moved below US$149.26. Kinross Gold $KGC moved below $US$4.87 extending an intermediate downtrend. Cognizant $CTSH a NASDAQ 100 stock moved below $80.73 extending an intermediate downtrend. NextEra Energy $NEE an S&P 100 stock moved below $69.41 extending an intermediate downtrend. Trader’s Corner Equity Indices and Related ETFs Daily Seasonal/Technical Equity Trends for May 2nd 2022 Green: Increase from previous day Red: Decrease from previous day Commodities Daily Seasonal/Technical Commodities Trends for May 2nd 2022 Green: Increase from previous day Red: Decrease from previous day Sectors Daily Seasonal/Technical Sector Trends for May 2nd 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) S&P 500 Momentum Barometers The intermediate term Barometer dropped 2.61 to 25.05 yesterday. It remains Oversold. Trend is down. The long term Barometer slipped 1.00 to 36.07 yesterday. It remains Oversold. Trend is down. TSX Momentum Barometers The intermediate term Barometer dropped 5.48 to 21.00 yesterday. It remains Oversold. Trend is down. The long term Barometer dropped 5.48 to 46.12 yesterday. It remains Neutral. Trend is down. 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.