Tech Talk for Friday June 25th 2021

U.S. equity index futures were higher this morning. S&P 500 futures were up 5 points in pre-opening trade.

Nike advanced $4.40 to $138.00 after reporting higher than consensus fiscal fourth quarter revenues and earnings.

FedEx dropped $12.19 to $291.57 after reporting less than consensus fourth quarter results.

KBE Bank ETF added $0.40 to $64.80 after 23 major U.S. banks easily passed their Federal Reserve's stress test. Banks now will be able to raise their dividends and buy back their shares.

Eli Lilly advanced another $0.78 to $233.75 after Mizuho raised its target price from 216 to $250. Yesterday, the stock moved higher on news of successful test results by its Alzheimer drug.

Technical Notes

released yesterday at StockTwits.com@EquityClock

Healthcare SPDRs $XLV moved above $125.17 to an all-time high extending an intermediate uptrend.

Visa $V a Dow Jones Industrial Average stock moved above $237.16 to an all-time high extending an intermediate uptrend.

American Express $AXP a Dow Jones Industrial Average stock moved above $167.14 to an all-time high extending an intermediate uptrend.

Workday $WDAY a NASDAQ 100 stock moved above $20.75 completing a double bottom pattern.

Marvell Technology $MRVL a NASDAQ 100 stock moved above $55.63 to an all-time high extending an intermediate uptrend.

Trader's Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for June 24th 2021

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for June 24th 2021

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for June 24th 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

S&P 500 Momentum Barometers

The intermediate term Barometer added 4.01 to 47.49 yesterday. It remains Neutral.

The long term Barometer added 1.40 to 90.18 yesterday. It remains Extremely Overbought.

TSX Momentum Barometers

The intermediate Barometer added 2.02 to 62.39 yesterday. It remains Overbought.

The long term Barometer added 1.95 to 77.06 yesterday. It remains Overbought.

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