Tech Talk for Tuesday March 16th 2021

Uranium ETF (URA) moved above $19.85 to a 6 year high extending an intermediate uptrend. Responding to recent strength in Cameco.

Lockheed Martin (LMT), an S&P 100 stock moved above $347.63 completing a Reverse Head & Shoulders pattern.

Starbucks (SBUX), a Dow Jones Industrial Average stock moved above $110.47 to an all-time high extending an intermediate uptrend.

Pre-opening Comments for Tuesday March 16th

U.S. equity index futures were higher this morning. S&P 500 futures were up 4 points in pre-opening trade.

Index futures were virtually unchanged following release of the February Retail Sales report at 8:30 AM EDT. Consensus was an increase of 0.4% versus a gain of 5.3% in January. Actual was a drop of 3.0%. Excluding auto sales, consensus was an increase of 0.1% versus a gain of 5.9% in January. Actual was a drop of 2.7%.

Empire Companies (EMP.A Cdn$37.77) is expected to open higher after the company purchased a controlling interest in Longos.

Carnival Corp. added $0.18 to $29.97 after JP Morgan raised its target price from $125 to $160.

Darden Restaurants gained $0.27 to $146.51 after MKM Partners raised its target price from $125 to $160.

EquityClock's Daily Comment

Following is a link:

http://www.equityclock.com/2021/03/15/stock-market-outlook-for-march-16-2021/

Technical Notes for Monday March 15th

U.S. Telecommunications iShares (IYZ) moved above $32.32 extending an intermediate uptrend.

U.S. REIT iShares (IYT) moved above $90.85 extending an intermediate uptrend.

Eli Lilly (LLY), an S&P 100 stock moved below $194.83 completing a double top pattern.

MMM (MMM), an S&P 100 stock moved above $185.74 extending an intermediate uptrend.

Honeywell (HON), an S&P 100 stock moved above $215.74 to an all-time high extending an intermediate uptrend.

Simon Properties (SPG), an S&P 100 stock moved above $121.31 extending an intermediate uptrend.

Cisco Systems (CSCO), an S&P 100 stock moved above $49.34 extending an intermediate uptrend.

NXP Semiconductors (NXPI), a NASDAQ 100 stock moved above $199.59 to an all-time high extending an intermediate uptrend.

Rogers Communications (RCI) moved above US$48.93, US$49.19 and US$51.76 extending an intermediate uptrend. The stock responded to news that RCI has offered to acquire Shaw Communications at Cdn$40.50 per share, a record high for a deal valued at $26 billion. Both stocks are included in the TSX 60 Index.

SNC Lavalin (SNC), a TSX 60 stock moved above $27.80 extending an intermediate uptrend.

Loblaw Companies (L), a TSX 60 stock moved above intermediate resistance at $66.20.

Trader's Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for March 12th 2021

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for March 12th 2021

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for March 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 advanced 5.01 to 79.16 yesterday. It remains Overbought.

The long term Barometer gained 1.80 to 87.98 yesterday. It remains Extremely Overbought.

TSX Momentum Barometers

The intermediate Barometer added 2.84 to 74.41 yesterday. It remains Overbought.

The long term Barometer gained 0.47 to 79.62 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