Tech Talk for Tuesday November 9th 2021

U.S. equity index futures were mixed this morning. S&P 500 futures were unchanged in pre-opening trade.

U.S. equity index futures were virtually unchanged following release of the October Producer Price Index at 8:30 AM EDT. Consensus calls for an increase of 0.6% versus a gain of 0.5% in September. Actual was an increase of 0.6%. Excluding food and energy, consensus was an increase of 0.5% versus a gain of 0.2% in September. Actual was an increase of 0.4%.

General Electric gained $7.57 to 115.99 after the company announced a reconstruction into three new companies.

PayPal dropped $11.52 to $217.90 after the company guided toward lower than consensus revenues and earnings in 2022.

TripAdvisors fell $2.66 to $32.21after reporting lower than consensus third quarter revenues and earnings.

EquityClock's Daily Comment

Following is a link:

http://www.equityclock.com/2021/11/08/stock-market-outlook-for-november-9-2021/

Attention: Members of Canadian Association for Technical Analysis

Interested in technical analysis? The Canadian organization supporting technical analysis recently was launched with a series of interesting presentations by ZOOM. Recent presentations were given by Ron Meisels and Keith Richards.

Greg Schnell is giving a presentation to members tonight. Future presentations include David Cox on November 25th, Don Vialoux on December 14th and Dwight Galusha on December 23rd.

More information on the Association, its services and the current bargain price for joining is available at Emailing – Canadian Association for Technical Analysis (canadianata.ca)

For access to tonight's presentation by Greg Schnell, click on

https://zoom.us/j/91630970643?pwd=N0lwdXJSZmNVdTBRRlBhODRrbXdIQT09 )

Technical Notes released yesterday at

StockTwits.com@EquityClock

Employment in the US surged by 1.558 million in October (NSA), or 1.1%, almost double the 0.6% increase that is average for this time of year. $STUDY $MACRO #Employment #Economy #NFP

Canada did not share the strength realized in the labour market south of the border in October with employment rising by only 9,700, or 0.1%. The average change for this time of the year is an increase of 0.2%. $STUDY $MACRO #CDNecon #CAD

Materials SPDRs $XLB moved above $88.44 to an all-time high. Seasonal influences are favourable to January 6th. For EquityClock subscribers, see seasonality chart at equityclock.com/

Aerospace & Defense iShares $ITA moved above $109.38 resuming an intermediate uptrend. Seasonal influences for the sector are favourable until mid-February. If a subscriber to EquityClock, see seasonlity chart at equityclock.com/

Berkshire Hathaway $BRK.B an S&P 100 stock moved above $295.08 to an all-time high extending an intermediate uptrend. Seasonal influences arr favourable on a real and relative basis to mid-March. If a subscriber to EquityClock, see seasonality chart at equityclock.com/

General Motors $GM an S&P 100 stock moved above $59.35 resuming an intermediate uptrend. Seasonal influences are favourable to mid-January. If a subscriber to EquityClock, see seasonality chart at equityclock.com/

Cameco $CCJ or CCO.CA a TSX 60 stock moved above US$27.42 extending an intermediate uptrend. Seasonal influences are favourable to January 15. If a subscriber to EquityClock, see seasonality chart at equityclock.com/

Silver stocks are responding to higher silver prices. First Majestic Silver $FR.CA and $AG moved above Cdn$17.01 and Cdn$17.09 completing a reverse Head & Shoulders pattern. Stock also moved above $US$13.79. Seasonal influences are favourable to mid-February. If a subscriber to EquityClock, see equityclock.com/ for the seasonality chart

Soybean ETN $SOYB moved below $20.97 extending an intermediate downtrend.

Trader's Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for Nov.8th 2021

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for Nov.8th 2021

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for Nov.8th 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 (except TSX).

S&P 500 Momentum Barometers

The intermediate Barometer added 0.40 to 73.75. It remains Overbought and continues to trend higher.

The long term Barometer slipped 1.00 to 75.95. It remains Overbought.

TSX Momentum Barometers

The intermediate term Barometer added another 4.65 to 77.03. It remains Overbought and continues to trend higher.

The long term Barometer gained another 3.19 to 70.81. It remains Overbought and continues to trend higher.

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