Tech Talk for Thursday March 4th 2021

Fastenal ((FAST), a NASDAQ 100 stock moved below $45.26 completing a double top pattern.

Medical Devices iShares (IHI) moved below intermediate support at $325.11

Technical Notes for Wednesday March 3rd

Salesforce.com (CRM), a Dow Jones Industrial Average stock moved below $212.99 extending an intermediate downtrend.

AutoDesk (ADSK), a NASDAQ 100 stock moved below $272.70 completing a double top pattern.

Fox (FOX), an S&P 100 stock moved above $39.96 extending an intermediate uptrend.

Silver ETN (SLV) moved below $24.06 setting an intermediate downtrend.

OKTA (OKTA), a NASDAQ 100 stock moved below $238.82 completing a modified double top pattern.

Trader's Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for March 3rd 2021

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for March 3rd 2021

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for March 3rd 2021

Green: Increase from previous day

Red: Decrease from previous day

Market Buzz

Greg Schnell discusses the Schnell Strength Index. The Index currently is flashing a cautious outlook on equity markets. Following is a link:

https://www.youtube.com/watch?v=nISm3vPhQf4&feature=youtu.be&ab_channel=StockCharts

Change is Seasonality

TSX Composite Index relative to the S&P 500 Index changes from Positive to Negative from March 5th to May 1st

S&P 500 Momentum Barometers

The intermediate Barometer dropped 6.21 to 57.11 yesterday. It returned from Overbought to Neutral and trending down.

The long term Barometer dropped 2.40 to 80.96 yesterday. It remains Extremely Overbought and trending down.

TSX Momentum Barometers

The intermediate Barometer added 0.96 to 60.10 yesterday. It returned from Neutral to Overbought on a move above 60.00.

The long term Barometer slipped 0.48 to 74.04 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