Tech Talk for Wednesday June 23rd 2021

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

The Canadian Dollar was virtually unchanged at US81.46 cents following release of Canada's April Retail Sales at 8:30 AM EDT. Consensus was a drop of 4.9% versus a gain of 3.5% in March. Actual was a drop of 5.7%. Excluding auto sales consensus was an increase of 2.2% versus a gain of 4.3% in March. Actual was

Under Armour added $0.10 to $20.40 after Cowen selected the stock as a "best idea".

Simon Property Group gained $0.04 to $130.29 after Truist raised its target price from $102 to $130.29

Winnebago advanced $0.21 to $66.75 after reporting higher than consensus third quarter revenues and earnings.

EquityClock's Daily Comment

Following is a link:

http://www.equityclock.com/2021/06/22/stock-market-outlook-for-june-23-2021/

Technical Notes released yesterday at

StockTwits@EquityClock

NASDAQ Composite Index $COMPQ moved above $14,211.27 to an all-time high extending an intermediate uptrend.

Netflix $NFLX a NASDAQ 100 stock moved above $511.76 completing a double bottom pattern.

Docusign $DOCU a NASDAQ 100 stock moved above $275.46 extending an intermediate uptrend.

Costco $COST an S&P 100 stock moved above $389.45 to an all-time high extending an intermediate uptrend

Cintas $CTAS a NASDAQ 100 stock moved above $367.60 to an all-time high extending an intermediate uptrend.

VeriSign $VRSN a NASDAQ 100 stock moved above $226.18 to an all-time high extending an intermediate uptrend.

The list of downgrades in this week's chart books is long, but there were a few upgrades. equityclock.com/2021/06/21/… $STUDY $XLI $XLB $XLE $XLF $XLK

Kinross Gold $K.TO a TSX 60 stock moved below Cdn$7.68 extending an intermediate downtrend following negative guidance.

Trader's Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for June 22nd 2021

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for June 22nd 2021

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for June 22nd 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 term Barometer slipped 1.00 to 45.49 yesterday. It remains Neutral.

The long term Barometer added 0.20 to 89.98 yesterday. It remains Extremely Overbought.

TSX Momentum Barometers

The intermediate term Barometer added 1.38 to 62.21 yesterday. It remains Overbought.

The long term Barometer added 0.46 to 75.12 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