Tech Talk for Thursday April 8th 2021

Gold ETN (GLD) moved above $164.15 completing a double bottom pattern.

Yamana Gold (YRI), a TSX 60 stock moved above $5.85 completing a double bottom pattern.

Mexico iShares (EWW) moved above $45.47 extending an intermediate uptrend.

Chile iShares (ECH) moved above $34.68 extending an intermediate uptrend.

Technology SPDRs (XLK) moved above $138.95 to an all-time high extending an intermediate uptrend.

Shopify (SHOP), a TSX 60 stock moved above intermediate resistance at US$1,190.00 and Cdn$1.490.00

Monster Beverage (MNST), a NASDAQ 100 stock moved above $95.11 to an all-time high extending an intermediate uptrend.

Costco (COST), an S&P 100 stock added $5.87 to $387.31 after announcing higher than consensus comp sales in March.

Exelon (EXC), an S&P 100 stock moved above $45.17 extending an intermediate uptrend.

Technical Notes for Wednesday April 7th

Forest product stocks and related ETFs are moving higher. Global Timber iShares (WOOD) moved above $88.48 to an all-time high extending an intermediate uptrend.

Interfor (IFP.TO) moved above Cdn$30.81 to an all-time high extending an intermediate uptrend.

Canfor (CFP.TO) moved above Cdn$29.00 extending an intermediate uptrend.

West Fraser Timber (WFG) moved above Cdn$99.64 to an all-time high extending an intermediate uptrend.

Canadian REIT iShares (XRE) moved above $17.70 extending an intermediate uptrend.

Brookfield Infrastructure (BIP/UN), a TSX 60 stock moved above $69.27 extending an intermediate uptrend.

Power Corp (POW), a TSX 60 stock moved above $33.63 to an all-time high extending an intermediate uptrend.

Xilinx (XLNX), a NASDAQ 100 stock moved above $132.32 setting an intermediate uptrend.

Trader's Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for April 7th 2021

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for April 7th 2021

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for April 7th 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 says, "Something old starts to shine". Focus is on gold mining stocks. Following is the link:

https://www.youtube.com/watch?v=eT7Rr4GHJc8&ab_channel=StockCharts

S&P 500 Momentum Barometers

The intermediate Barometer slipped 1.40 to 88.18 yesterday. It remains Extremely Overbought.

The long term Barometer eased 0.40 to 94.99 yesterday. It remains Extremely Overbought.

TSX Momentum Barometers

The intermediate Barometer dropped 2.42 to 79.23 yesterday. It changed from Extremely Overbought to Overbought on a move below 80.00.

The long term Barometer slipped 0.97 to 80.19 yesterday. It remains Extremely 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