Tech Talk for Thursday April 22nd 2021

Danaher (DHR), an S&P 100 stock moved above $248.62 to an all-time high extending an intermediate uptrend.

Visa (V), a Dow Jones Industrial Average stock moved above $248.62 to an all-time high extending an intermediate uptrend.

AT&T (T), an S&P 100 stock moved above $31.81 and $30.99 resuming an intermediate uptrend.

Pre-opening Comments for Thursday April 22nd

U.S. equity index futures were lower this morning. S&P 500 futures were down 4 points in pre-opening trade.

Canadian Pacific added $9.70 to US$365.00 after reporting higher than consensus first quarter earnings.

Whirlpool advanced $2.65 to $237.35 after reporting higher than consensus first quarter results. The company also raised guidance.

Chipotle gained $7.38 to $1,515.00 after reporting higher than consensus first quarter sales and earnings.

Las Vegas Sands dropped $0.51 to $60.25 after reporting lower than consensus quarterly results.

EquityClock's Daily Comment

Following is a link:

http://www.equityclock.com/2021/04/21/stock-market-outlook-for-april-22-2021/

Technical Notes for Wednesday April 21st

Disney (DIS), a Dow Jones Industrial Average stock moved below $181.01 completing a Head & Shoulders pattern.

Exxon Mobil (XOM) moved below $54.45 completing a double top pattern.

Citigroup (C), an S&P 100 stock moved below $74.73 completing a double top pattern.

JP Morgan (JPM), a Dow Jones Industrial Average stock moved below $148.09 completing a double top pattern.

Boeing (BA), a Dow Jones Industrial Average stock moved below $231.70 completing a double top pattern.

CVS Health (CVS), an S&P 100 stock moved above $76.72 extending an intermediate uptrend.

Pepsico (PEP), an S&P 100 stock moved above $147.59 to an all-time high extending an intermediate uptrend.

TSX Energy iShares moved below $7.20 completing a double top pattern.

Nutrien (NTR), a TSX 60 stock moved below Cdn$66.30 completing a double top pattern.

Turkey iShares (TUR) moved below $22.49 extending an intermediate downtrend.

Base metals ETN (DBB) moved above $19.60 to a nine year high extending an intermediate uptrend

Silver ETN (SLV) moved above intermediate resistance at $24.62

ASML (ASML), a NASDAQ 100 stock moved above $653.00 to an all-time high extending an intermediate uptrend.

Trader's Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for April 21st 2021

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for April 21st 2021

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for April 21st 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 notes that "NASDAQ 100 is under pressure". Following is a link to his comment:

https://www.youtube.com/watch?v=oHJ6hvWjQrE

S&P Momentum Barometers

The intermediate term Barometer advanced 7.41 to 87.17 yesterday. It returned to Extremely Overbought from Overbought on a recovery above 80.00.

The long term Barometer added 0.20 to 96.99 yesterday. It remain Extremely Overbought.

TSX Momentum Barometers

The intermediate Barometer added 2.14 to 74.50 yesterday. It remains Overbought.

The long term Barometer added 2.80 to 82.00 yesterday. It changed from Overbought to Extremely Overbought on a return above 80.00.

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