Tech Talk for Friday November 12th 2021

U.S. equity index futures were higher this morning. S&P 500 futures advanced 11 points in pre-opening trade.

Johnson & Johnson added $1.21 to $164.27 after the company announced a split in operations into two separate entities.

Nvidia dropped $3.90 to $300.00 after Wedbush downgraded the stock from Outperform to Neutral.

Hewlett Packard Enterprises fell 40.74 to $15.20 after Goldman Sachs downgraded the stock to Sell.

EquityClock's Daily Comment

http://www.equityclock.com/2021/11/11/stock-market-outlook-for-november-12-2021/

A Review of Silver for Technicians

Greg Schnell offers a comment:

A Review of Silver For Technicians | The Canadian Technician | StockCharts.com

Technical Notes released yesterday at

StockTwits.com@EquityClock

Inflationary pressures are starting to become out of control as consumers are being forced to pay more for a wide range of goods. equityclock.com/2021/11/10/… $TLT $GLD $GDX $TIPS $STUDY $MACRO #Economy #CPI

U.S. Dollar Index ETN $UUP moved above $25.39 extending an intermediate uptrend. Conversely, the Canadian Dollar relative to the U.S. Dollar is sharply lower.

BMO Emerging Markets ETF $ZEM.CA moved above Cdn$23.72 completing a double bottom pattern.

Agnico-Eagle $AEM.CA a TSX 60 stock moved above Cdn$72.71 completing a double bottom pattern.

Royal Bank $RY.CA a TSX 60 stock moved above $133.14 and $133.25 to an all-time high extending an intermediate uptrend.

NetEase $NTES a NASDAQ 100 stock moved above $107.97 extending an intermediate uptrend. Seasonal influences are favourable on a real and relative basis until at least December 20th. If a subscriber to EquityClock, see:charts.equityclock.com/nete…

Trader's Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for Nov.11th 2021

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for Nov.11th 2021

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for Nov.11th 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).

Your Daily Five

"Profit opportunities off the radar" by Greg Schnell Following is a link:

https://www.youtube.com/watch?v=kNGHbVbyDLE

S&P 500 Momentum Barometer

The intermediate term Barometer slipped 1.20 to 73.35 yesterday. It remains Overbought.

The long term Barometer slipped 0.80 to 75.85 yesterday. It remains Overbought.

TSX Momentum Barometer

The intermediate Barometer added 2.39 to 74.64 yesterday. It remains Overbought.

The long term Barometer gained 3.35 to 76.08 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