Tech Talk for Friday May 14th 2021

U.S. equity index futures were higher this morning. S&P 500 futures were up 20 points in pre-opening trade.

Equity index futures moved lower following release of April Retail Sales at 8:30 AM EDT. Consensus was an increase of 1.0% versus a gain of 9.7% in March. Actual was unchanged. Excluding auto sales, consensus was an increase of 0.9% versus a gain of 0.6% in March. Actual was down 0.8%.

Walt Disney dropped $8.94 to $169.40 after reporting lower than consensus new subscriptions.

Cisco added $0.26 to $52.75 after Raymond James raised its target price from $50 to $55.

DoorDash added $10.51 to $126.00 after reporting higher than consensus first quarter earnings.

General Electric improved $0.18 to $13.15 after Citigroup reiterated its Buy recommendation.

EquityClock's Daily Comment

Following is a link:

http://www.equityclock.com/2021/05/13/stock-market-outlook-for-may-14-2021/

Technical Notes for May 13th on

StockTwits.com@EquityClock

Consumer prices are surging this year, warranting the need for inflation hedges in portfolios. equityclock.com/2021/05/12/… $STUDY $MACRO #CPI #Inflation $TIP

Workday $WDAY a NASDAQ 100 stock moved below $222.53 completing a double top pattern

Gilead Sciences $GILD a NASDAQ 100 stock moved above $68.58 extending an intermediate uptrend

George Weston $WN.CA, a TSX 60 stock moved above $116.00 extending an intermediate uptrend. Also testing its all time high at $116.67.

Trader's Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for May 13th 2021

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for May 13th 2021

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for May 13th 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 Barometer

The intermediate term Barometer added 5.41 to 70.94 yesterday. It remains Overbought.

The long term Barometer added 0.80 to 89.98 yesterday. It remains Extremely Overbought.

TSX Momentum Barometer

The intermediate Barometer added 0.50 to 62.00 yesterday. It remains Overbought.

The long term Barometer slipped 0.50 to 74.00 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