Editor’s Note Next Tech Talk is released on Monday despite being a holiday in Canada. Technical Notes for yesterday Consumer Staples SPDRs XLP moved below $71.02 extending an intermediate downtrend. Procter & Gamble PG a Dow Jones Industrial Average stock moved below $142.33 extending an intermediate downtrend. Travelers TRV a Dow Jones Industrial Average stock moved below $167.64 extending an intermediate downtrend. Broadcom AVGO an S&P 100 stock moved below intermediate support at $553.40 and $546.33. CDW CDW a NASDAQ 100 stock moved below $159.91 extending an intermediate downtrend. Allstate ALL an S&P 100 stock moved below $125.43 extending an intermediate downtrend. Trader’s Corner Equity Indices and Related ETFs Daily Seasonal/Technical Equity Trends for May 19th 2022 Green: Increase from previous day Red: Decrease from previous day Commodities Daily Seasonal/Technical Commodities Trends for May 19th 2022 Green: Increase from previous day Red: Decrease from previous day Sectors Daily Seasonal/Technical Sector Trends for May 19th 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 Interview with Martin Armstrong New Interview: Martin Armstrong on The Hrvoje Morić Show | Armstrong Economics Greg Schnell discusses “How to discover a new rally”. S&P 500 Momentum Barometers The intermediate term Barometer slipped 2.00 to 14.63 yesterday. It remains Oversold. Trend remains down. The long term Barometer slipped 0.60 to 27.66 yesterday. It remains Oversold, Trend remains down. TSX Momentum Barometers The intermediate term Barometer added 1.42 to 24.13 yesterday. It remains Oversold. The long term Barometer added 1.90 to 35.96 yesterday. It remains Oversold. 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.