Tech Talk for Wednesday May 19th 2021

U.S. equity index futures were lower this morning. The S&P 500 Index was down 42 points in pre-opening trade.

The Canadian Dollar was virtually unchanged at US82.87 cents prior to release of Canada's April Consumer Price Index at 8:30 AM EDT. Consensus was an increase of 0.2% versus a gain of 0.5% in March. Actual was an increase of 0.5%. On a year-over-year basis, April CPI rose 3.4%.

Take Two Interactive Software gained $3.81 to $171.50 after the company offered positive. guidance.

Lowe's dropped $5.00 to $187.75 despite reporting higher than consensus first quarter sales and earnings.

Target added $6.52 to $212.95 after reporting higher than consensus first quarter revenues and earnings.

Wells Fargo dropped $0.79 to $46.07 after UBS lowered its rating from Buy to Neutral.

EquityClock's Daily Comment

Following is a link:

http://www.equityclock.com/2021/05/17/stock-market-outlook-for-may-18-2021/

Technical Notes released yesterday at StockTwits.com@EquityClock

Seagen $SGEN a NASDAQ 100 stock moved above $151.90 completing a double bottom pattern.

Trader's Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for May 18th 2021

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for May 18th 2021

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for May 18th 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 dropped 5.61 to 70.14 yesterday. It remains Overbought.

The long term Barometer slipped 1.00 to 90.18 yesterday. It remain Extremely Overbought.

TSX Momentum Barometers

The intermediate term Barometer slipped 1.25 to 67.29 yesterday. It remains Overbought.

The long term Barometer slipped 0.36 to 76.64 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