Tech Talk for Wednesday June 30th 2021

U.S. equity index futures were slightly lower this morning. S&P 500 futures were down 4 points in pre-opening trade.

The Canadian Dollar was virtually unchanged at US80.76 cents following release of Canada's April GDP report at 8:30 AM EDT. Consensus was a drop of 0.8% versus a gain of 1.1% in March. Actual was a drop of 0.3%.

Constellation Brands added $0.52 to $231.50 after announcing a $500 million share buyback program to be launched in its fiscal second quarter.

WTI Crude oil added $0.93 to $73.91 per barrel prior to start of an OPEC meeting tomorrow.

Natural gas advanced another $0.12 to $3.73 per MBtu to a 30 month high in response to higher than average demand needed to power air conditioning units in western U.S. and Canada.

EquityClock's Daily Comment

Following is a link:

http://www.equityclock.com/2021/06/29/stock-market-outlook-for-june-30-2021/

Editor's Note

Tech Talk will appear as usual tomorrow, Canada Day.

Technical Notes released yesterday at

StockTwits.com@EquityClock

We have established our playbook for the weeks ahead and we will be executing it today. equityclock.com/2021/06/28/… $XLB $XLI $XLF $XLP $SPY $SPX $ES_F

Medical Devices $IHI moved above $362.65 to an all-time high extending an intermediate uptrend.

Moderna $MRNA a NASDAQ 100 stock moved above $227.71 to an all-time high extending an intermediate uptrend.

JD.com$JD a NASDAQ 100 stock moved above $78.84 completing a reverse Head & Shoulders pattern.

Canadian "gassy" stocks are moving higher. Advantage Oil and Gas $AAV.CA moved above $4.71 extending an intermediate uptrend.

Precious metal stocks remain under technical pressure. Pan American Silver $PAAS moved below $27.84 setting an intermediate downtrend.

Rogers Communications $RCI.B.CA a TSX 60 stock moved above $65.20 extending an intermediate uptrend.

Trader's Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for June 29th 2021

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for June 29th 2021

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for June 29th 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

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