Morning Technical Notes for Thursday February 11^th

China Large Cap iShares (FXI) moved above $53.14 to an all-time high extending an intermediate uptrend.

Hong Kong iShares (EWH) moved above $26.54 extending an intermediate uptrend.

Asia ex Japan iShares (EPP) moved above $50.52 to an all-time high extending an intermediate uptrend.

Australia iShares (EWA) moved above $25.11 to an all-time high extending an intermediate uptrend.

KraftHeinz (KHC), a NASDAQ 100 stock moved above $35.41 and $35.53 extending an intermediate uptrend.

ASML Holding (ASML), a NASDAQ 100 stock moved above $573.80 to an all-time high extending an intermediate uptrend.

Synopsys (SNPS), a NASDAQ 100 stock moved above $280..11 to an all-time high extending an intermediate uptrend.

TSX Energy iShares (XEG) moved above $6.68 extending an intermediate uptrend.

BMO Equal Weight Energy ETF (ZEO) moved above $33.00 extending an intermediate uptrend.

TSX Financials iShares (XFN) moved above $39.89 extending an intermediate uptrend.

SunLife (SLF), a TSX 60 stock moved above $62.07 extending an intermediate uptrend.

Inter Pipeline (IPL), a TSX 60 stock moved above $14.63 after Brookfield Asset Management offered to acquire remaining shares in a stock/cash deal.

 

Technical Notes for Wednesday February 10^th

EAFE (EFA) moved above $75.75 to an all-time high extending an intermediate uptrend.

Shanghai Composite Index moved above 3637.10 to a six year high at 3665.09 extending an intermediate uptrend.

American International Group (AIG), an S&P 100 stock moved above $42.57 extending an intermediate uptrend.

Nvidia (NVDA), a NASDAQ 100 stock moved above $588.90 to an all-time high extending an intermediate uptrend.

Copper Miners ETF (COPX) moved above $34.46 to an all-time high extending an intermediate uptrend.

Copper moved above $3.79 per lb.to an eight year high extending an intermediate uptrend.

Okta (OKTA), a NASDAQ 100 stock moved above $287.35 to an all-time high extending an intermediate uptrend.

Intuit (INTU), a NASDAQ 100 stock moved above $398.12 to an all-time high extending an intermediate uptrend.

Caterpillar (CAT), a Dow Jones Industrial Average stock moved above $199.11 to an all-time high extending an intermediate uptrend.

Cannabis stocks and related ETFS “have gone parabolic”

 

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for February 10^th 2021

Green: Increase from previous day

Red: Decrease from previous day

 

Commodities

Daily Seasonal/Technical Commodities Trends for February 10^th 2021

Green: Increase from previous day

Red: Decrease from previous day

 

Sectors

Daily Seasonal/Technical Sector Trends for February 10^th 2021

Green: Increase from previous day

Red: Decrease from previous day

 

Market Buzz

Greg Schnell discusses “February new highs”. Following is a link:

https://www.youtube.com/watch?v=xeTE_fOVg7g&feature=youtu.be&ab_channel=StockCharts

 

S&P 500 Momentum Barometer

The intermediate Barometer added 1.20 to 74.15 yesterday. It remains intermediate overbought.

The long term Barometer slipped 0.40 to 90.38 yesterday. It remains extremely long term overbought.

 

TSX Momentum Barometer

The intermediate Barometer added 1.92 to 69.71 yesterday. It remains intermediate overbought.

The long term Barometer was unchanged yesterday at 77.88. It remains long term 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

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