Tech Talk for Tuesday April 6th 2021
Wheaton Precious Metals (WPM), a TSX 60 stock moved above $US40.37 completing a reverse Head & Shoulders pattern.
![clip_image001[1]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2021/04/clip_image0011-1.png "clip_image001[1]")
Kinross Gold (KGC), a TSX 60 stock moved above $US7.14 completing a double bottom pattern.
![clip_image002[1]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2021/04/clip_image0021-2.png "clip_image002[1]")
Medtronic (MDT), an S&P 100 stock moved above $119.92 to an all-time high extending an intermediate uptrend.
![clip_image003[1]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2021/04/clip_image0031-1.png "clip_image003[1]")
Micron (MU), a NASDAQ 100 stock moved above $95.75 to an all-time high extending an intermediate uptrend.
![clip_image004[1]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2021/04/clip_image0041-2.png "clip_image004[1]")
Pre-opening Comments for Tuesday April 6th
U.S. equity indices moved lower this morning. S&P 500 futures were down 4 points in pre-opening trade.
Illumina advanced $38.26 to $422.80 after reporting higher than consensus first quarter sales.
![clip_image001[5]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2021/04/clip_image0015-1.png "clip_image001[5]")
Aphria added $0.04 to Cdn$22.79 after Stifel Nicolaus raised its target price from Cdn$15 to Cdn$22.
![clip_image002[5]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2021/04/clip_image0025.png "clip_image002[5]")
Blackrock advanced $17.19 to $784.02 after Credit Suisse selected the stock as a "Top Pick"
![clip_image003[5]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2021/04/clip_image0035-1.png "clip_image003[5]")
EquityClock's Daily Comment
Following is a link. Note seasonality chart on U.S. Non-farm Payrolls
http://www.equityclock.com/2021/04/05/stock-market-outlook-april-6-2021/
Technical Notes for Monday April 5th
U.S. Telecommunications iShares (IYZ) moved above $32.77 to an all-time high extending an intermediate uptrend.
Consumer Discretionary SPDRs (XLY) moved above $173.18 to an all-time high extending an intermediate uptrend.
EAFE iShares (EFA) moved above $77.17 to an all-time high extending an intermediate uptrend.
Frontier iShares (FM) moved above $29.94 extending an intermediate uptrend
South Africa iShares (EZA) moved above $50.73 extending an intermediate uptrend.
Chile iShares (ECH) moved above $34.68 extending an intermediate uptrend
France iShares (EWQ) moved above $35.68 to an all-time high extending an intermediate uptrend.
United Kingdom iShares (EWU) moved above $31.94 extending an intermediate uptrend.
Blackrock (BLK), an S&P 100 stock moved above $783.36 to an all-time high extending an intermediate uptrend.
McDonalds (MCD), a Dow Jones Industrial Average stock moved above $229.13 to an all-time high extending an intermediate uptrend.
Costco (COST), an S&P 100 stock moved above intermediate resistance at $361.67.
Oracle (ORCL), an S&P 100 stock moved above $73.62 to an all-time high extending an intermediate uptrend.
FAANG stocks led the advance by U.S. equity indices yesterday. Alphabet moved to an all-time high extending an intermediate uptrend. GOOG moved above $2,152.68 and GOOGL moved above $2145.14.
Facebook (FB), an S&P 100 stock moved above $304.67 to an all-time high extending an intermediate uptrend.
Microsoft (MSFT), a Dow Jones Industrial Average stock moved above $245.56 to an all-time high extending an intermediate uptrend.
Semi-conductor iShares (SOXX) moved above $443.13 to an all-time high extending an intermediate uptrend.
NXP Semiconductor (NXPI), a NASDAQ 100 stock moved above $76.34 to an all-time high extending an intermediate uptrend.
Gold equity iShares (XGD) moved above Cdn$18.67 setting an intermediate uptrend.
Kinross Gold (K), a TSX 60 stock moved above $8/86 setting an intermediate uptrend.
Kirkland Land Gold (KL), a TSX 60 stock moved above 444.48 completing a double bottom pattern.
VALE, world's largest base metal miner moved above $15.38 extending an intermediate uptrend.
Canadian National Railway (CNR), a TSX 60 stock moved above $148.27 to an all-time high extending an intermediate uptrend.
Canadian Tire (CTC.A), a TSX 60 stock moved above $183.90 to an all-time high extending an intermediate uptrend.
Trader's Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for April 5th 2021
Green: Increase from previous day
Red: Decrease from previous day
Commodities
Daily Seasonal/Technical Commodities Trends for April 5th 2021
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for April 5th 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 Barometer
The intermediate Barometer added 3.21 to 89.18 yesterday. It remains Extremely Overbought.
The long term Barometer added 1.20 to 95.59 yesterday. It remains Extremely Overbought.
TSX Momentum Barometer
The intermediate Barometer added 2.39 to 78.47 yesterday. It remain Overbought.
The long term Barometer gained 0.48 to 80.38 yesterday. It changed from Overbought to Extremely Overbought on a move 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
| More from the network: |