Tech Talk for Tuesday April 13th 2021

Nvidia (NVDA), a NASDAQ 100 stock moved above $614.69 to an all-time high extending an intermediate uptrend.

Oil and Gas Exploration SPDRs (XOP) moved below $76.09 setting an intermediate downtrend.

CooncoPhillip (COP), an S&P 100 stock moved below $50.53 setting an intermediate downtrend.

Oil Services ETF (OIH) moved below $179.54 setting an intermediate downtrend.

Schlumberger (SLB), an S&P 100 stock moved below $26.19 setting an intermediate downtrend.

Health Care SPDRs (XLV) moved above $118.57 to an all-time high extending an intermediate uptrend.

Pre-opening Comments for Tuesday April 13th

U.S. equity index futures were lower this morning. S&P 500 futures were down 8 points in pre-opening trade.

Index futures were virtually unchanged following release of the U.S. March Consumer Price Index. Consensus was an increase of 0.5% versus a gain of 0.4% in February. Actual was an increase of 0.6%. Excluding food and energy, consensus was an increase of 0.2% versus a gain of 0.1% in February. Actual was an increase of 0.3%.

Johnson & Johnson dropped $4.52 to $157.12 after U.S. federal health officials recommended a halt in the use of the company's COVID 19 vaccine due to reporting of a rare blood clotting disorder.

Bristol-Myers added $0.47 to $63.16 after Truist increased its rating from Hold to Buy.

FedEx advanced $3.15 to $293.94 after KeyBanc Capital upgraded the stock from Sector Weight to Overweight.

American Airlines eased $0.81 to $22.10 after reporting a higher than consensus first quarter loss.

EquityClock's Daily Comment

Following is a link:

http://www.equityclock.com/2021/04/12/stock-market-outlook-for-april-13-2021/

Technical Notes for Monday April 12th

India ETF (PIN) moved below $23.36 and $23.84 setting an intermediate downtrend. Responding to another spike in COVID 19.

Vietnam ETF (VNM) moved above $18.75 extending an intermediate uptrend.

US Bancorp (USB), an S&P 100 stock moved above $57.61 to an all-time high extending an intermediate uptrend.

Berkshire Hathaway (BRK.B), an S&P 100 stock moved above $267.50 to an all-time high extending an intermediate uptrend.

MetLife (MET), an S&P 100 stock moved above $62.66 to an all-time high extending an intermediate uptrend.

TCOM (TCOM), a NASDAQ 100 stock moved below $36.15 completing a Head & Shoulders pattern.

Splunk (SPLK), a NASDAQ 100 stock moved above $142.16 completing a double bottom pattern.

Lululemon (LULU), a NASDAQ 100 stock moved above $321.30 resuming an intermediate uptrend.

Thomson Reuters (TRI), a TSX 60 stock moved above Cdn$114.58 to an all-time high extending an intermediate uptrend.

Bausch Health (BHC), a TSX 60 stock moved below Cdn$37.83 completing a Head & Shoulders pattern.

Trader's Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for April 12th 2021

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for April 12th 2021

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for April 12th 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

S&P 500 Momentum Barometers

The intermediate Barometer added 0.80 to 90.78 yesterday. It remains Extremely Overbought.

The long term Barometer added 0.40 to 95.59 yesterday. It remains Extremely Overbought.

TSX Momentum Barometers

The intermediate Barometer dropped 5.93 to 77.56 yesterday. It changed from Extremely Overbought to Overbought on a move below 80.00.

The long term Barometer added 0.39 to 80.98 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