Tech Talk for Thursday April 1st 2021

Editor's Note: Next Tech Talk report is released on Monday

Micron (MU), a NASDAQ 100 stock gained $4.45 to $92.66 after reporting higher than consensus fiscal second quarter sales and earnings after the close yesterday

Microsoft (MSFT), a Dow Jones Industrial Average stock gained $3.90 to $239.67 after winning a U.S. Army contract valued at $22 billion to produce AR handsets.

KLA Tencor (KLAC), a NASDAQ 100 stock moved above $341.28 to an all-time high extending an intermediate uptrend.

Lam Research (LRCX), a NASDAQ 100 stock moved above $602.14 to an all-time high extending an intermediate uptrend.

Salesforce.com (CRM), an S&P 100 stock moved above $218.17 completing a double bottom pattern.

Technical Notes for March 31st

S&P 500 Index briefly moved above 3,983.87 to an all-time high.

Dollarama (DOL), a TSX 60 stock moved above $55.40 and $56.03 to an all-time high extending an intermediate uptrend.

Corn and soybean prices were "limit up" following release of the USDA's estimated planting report for the 2021 season. The report forecasted below analyst expectations for planting of corn and soybeans. Soybean ETN (SOYB) moved above $21.63 to a four year high extending an intermediate uptrend.

Corn ETN (CORN) moved above $17.55 to a three year high extending an intermediate uptrend.

Trader's Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for March 31st 2021

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for March 31st 2021

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for March 30th 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

Market Buzz

Greg Schnell discusses "A rotation into Defensives". Following is a link:

https://www.youtube.com/watch?v=3y6Cdk0QOGc

S&P 500 Momentum Barometers

The intermediate Barometer added 2.20 to 82.36 yesterday. It remains Extremely Overbought.

The long term Barometer added 1.20 to 93.99 yesterday. It remains Extremely Overbought.

TSX Momentum Barometers

The intermediate Barometer added 0.48 to 66.51 yesterday. It remains Overbought.

The long term Barometer added 0.48 to 78.47 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