Tech Talk for Wednesday October 13th 2021

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Pre-opening Comments for Wednesday October 13th

U.S. equity index futures were higher this morning. S&P 500 futures were up 8 points in pre-opening trade.

Index futures were virtually unchanged following release of the September Consumer Price Index at 8:30 AM EDT. Consensus was an increase of 0.3% versus a gain of 0.3% in August. Actual was an increase of 0.4%. Excluding food and energy, consensus was an increase of 0.2% versus a gain of 0.1% in August. Actual was an increase of 0.2%.

JP Morgan added $0.91 to $166.27 after reporting higher than consensus third quarter earnings.


Blackrock gained $11.04 to $847.23 after reporting higher than consensus third quarter revenues and earnings.


Apple slipped $0.75 to 140.77 after announcing that a chip shortage may impede iPhone production.



EquityClock’s Daily Comment

Following is a link:

Technical Notes released yesterday at

Base metals stocks continue to advance. HudBay Minerals $HBM.CA moved above $8.39 completing a double bottom pattern.


BMO Equal Weighted Base Metals ETF $ZMT.CA moved above Cdn$53.32 setting an intermediate uptrend.


Access to seasonality charts is available for subscribers of

Lumber stocks finally are responding to completion of a reverse Head & Shoulders pattern by spot lumber futures on Friday. West Fraser Timber $WFG moved above Cdn$110.21 to an all-time high extending an intermediate uptrend.


Access to seasonality charts is available to subscribers

Soybean ETN $SOYB moved below $21.27 completing a double top pattern.


Coffee ETN $JJOFF moved above $17.80 extending an intermediate uptrend.


Comcast $CMCSA an S&P 100 stock moved below $53.21 and $52.00 extending an intermediate downtrend.


Micron $MU a NASDAQ 100 stock moved below $68.71 extending an intermediate downtrend


TC Energy $TRP.CA a TSX 60 stock moved above $63.64 extending an intermediate uptrend.


Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for Oct.12th 2021


Green: Increase from previous day

Red: Decrease from previous day


Daily Seasonal/Technical Commodities Trends for Oct.12th 021


Green: Increase from previous day

Red: Decrease from previous day


Daily Seasonal/Technical Sector Trends for Oct.12th 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 term Barometer slipped 0.80 to 37.47 yesterday. It remains Oversold.


The long term Barometer eased 0.80 to 65.53. It remains Overbought.

TSX Momentum Barometers


The intermediate term Barometer added 0.93 to 42.99 yesterday. It remains Neutral


The long term Barometer was unchanged yesterday at 61.68. It remains Overbought.

Disclaimer: Seasonality and technical ratings offered in this report and at 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

4 Responses to “Tech Talk for Wednesday October 13th 2021”

  1. Larry/ON Says:

    IWM – Small cap ETF has consolidated since mid-March. The 200day MA has caught up with price and a coil formation has developed that soon needs to resolve up or down.

  2. Larry/ON Says:

    MRNA – Seems to have bottomed. Steve Weiss on CNBC was quite positive on it at this level. Forward earnings are quite tremendous.

  3. dutchcanuck Says:

    MRNA Own it since $127 and have added to it on pullbacks. Most volatile stock I have ever owned.
    One week it dropped almost $100- not for the faint of heart, but it could have earnings from $20-$30 this year. Great management incl 2 Nobel prize winners. Their totally computerized process is both new and unique in the industry. Their Covid vaccine was developed in 9 months.
    Quite a few others in the pipeline. Not typically a stock I would buy, but looked like apotentially profitable speculation.

  4. xh Says:

    Talk about volatility, check the uranium stocks.

    I bought small position of on Oct. 2020, then added a bit more recently when it pushed past the $25 resistance Ron/BC pointed out. CCO seasonality starts on Oct.

    It’s not my type of investment, but it seems to be a reasonable speculation.

    (Last week, Industry Minister Koichi Hagiuda said nuclear power was “indispensable, when we think about how we can ensure a stable and affordable electricity supply while addressing climate change”.

    He had a simple pledge. The government probably will not build anything new, but “we will work to restart Japan’s nuclear reactors”. )

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