Tech Talk for Tuesday June 1st 2021

U.S. equity index futures were higher this morning. S&P 500 futures were up 22 points in pre-opening trade.

The Canadian Dollar was virtually unchanged at US83.13 cents following release of Canada's March GDP report at 8:30 AM EDT. Consensus was a month-to-month increase of 1.0% versus a gain of 0.4% in March. Actual was an increase of 1.1%

Crude oil gained $2.28 to a three year high at $68.60 per barrel prior to an OPEC meeting starting today that will determine production quotas by its members.

Bank of Nova Scotia (BNS Cdn$81.21) is expected to open higher after reporting higher than consensus fiscal second quarter earnings.

Canopy Growth (WEED Cdn$30.25 ) is expected to open higher after reporting a 38% increase in fourth quarter revenues.

Boeing gained $4.53 to $251.55 after Cowen upgraded the stock from Market Perform to Outperform.

EquityClock's Daily Comment

Following is a link:

http://www.equityclock.com/2021/05/29/stock-market-outlook-for-june-1-2021/

Technical Notes released yesterday at Stocktwits@EquityClock

We have the list of securities that have gained in every June over their trading history: equityclock.com/2021/05/29/… $PRI $BFAM $TSC $GLPI $REXR $NEXT $VBTX $CDK $APHA $UE $FREL $XHE $XSLV

Canadian energy stocks and related ETFs are responding to higher North American crude oil and natural gas prices. ARC Resources $ARX.CA moved above $9.42 extending an intermediate uptrend.

Canadian oil service stocks also are responding to higher crude oil and natural gas prices. Trican Well Services $TCW.CA moved above $2.35 extending an intermediate uptrend.

Trader's Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for May 31st 2021

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for May 31st 2021

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for May 31st 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

TSX Momentum Barometers

The intermediate Barometer slipped 2.31 to 69.1 yesterday. It remains Overbought.

The long term Barometer eased 2.31 to 78.70 yesterday. It changed from Extremely Overbought to Overbought on a move below 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