Tech Talk for Friday February 12th 2021
American Express (AXP), a Dow Jones Industrial Average stock moved above $129.54 extending an intermediate uptrend.
![clip_image001[5]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2021/02/clip_image0015-5.png "clip_image001[5]")
Next Tech Talk report
Next report is scheduled for release on Tuesday February 16th. Monday is Presidents' Day in the U.S. and a partial holiday in Canada.
Pre-opening Comments for Friday February 12th
U.S. equity index futures were lower this morning. S&P 500 futures were down 8 points in pre-opening trade.
Disney gained $2.98 to $193.89 after announcing higher than consensus fiscal first quarter results. The company also announced 95 million subscribers to its Disney + service. KeyBanc Capital raised its target price from $182 to $225.
![clip_image001[3]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2021/02/clip_image0013-2.png "clip_image001[3]")
Newell Brands slipped $0.65 to $25.40 after the company lowered 2021 guidance below consensus.
![clip_image002[3]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2021/02/clip_image0023-2.png "clip_image002[3]")
PayPal added $8.47 to $293.61 after Susquenhanna raised its target price from $300 to $330.
![clip_image003[3]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2021/02/clip_image0033-2.png "clip_image003[3]")
Aurora Cannabis dropped $0.92 to US $13.55 after MKM downgraded the stock from Neutral to Sell.
![clip_image004[3]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2021/02/clip_image0043-1.png "clip_image004[3]")
The Canadian Technician
Greg Schnell says, "Two questions I have are ...." Although U.S. equity markets continue to move higher in the short term, Greg takes a cautious intermediate view. He says, "Stay laser focused here"! Following is the link
Two Questions I Have Are: | The Canadian Technician | StockCharts.com
Technical Notes for Thursday February 11th
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.
Semi-conductor ETFs (SMH and SOXX) moved above $246.79 $426.25 respectively to all-time highs extending an intermediate uptrend.
Chip.com (TCOM), a NASDAQ 100 stock moved above $37.45 extending an intermediate uptrend.
Applied Materials (AMAT), a NASDAQ 100 stock moved above $110.88 to an all-time high extending an intermediate uptrend.
Cadence Design (CDNS), a NASDAQ 100 stock moved above $142.11 to an all-time high extending an intermediate uptrend.
Microchip Technology (MCHP), a NASDAQ 100 stock moved above $155.36 to an all-time high extending an intermediate uptrend.
KLA Tencor (KLAC), a NASDAQ 100 stock moved above $317.60 to an all-time high extending an intermediate uptrend.
Base Metals ETN: DBB (i/3 copper, zinc, aluminum) moved above $17.98 to an all-time high extending an intermediate uptrend.
Trader's Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for February 11th 2021
Green: Increase from previous day
Red: Decrease from previous day
Commodities
Daily Seasonal/Technical Commodities Trends for February 11th 2021
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for February 11th 2021
Green: Increase from previous day
Red: Decrease from previous day
S&P 500 Momentum Barometer
![clip_image001[1]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2021/02/clip_image0011-5.png "clip_image001[1]")
The intermediate Barometer slipped 2.81 to 71.34 yesterday. It remains overbought.
![clip_image002[1]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2021/02/clip_image0021-7.png "clip_image002[1]")
The long term Barometer slipped 1.40 to 88.98 yesterday. It remains extremely intermediate overbought.
TSX Momentum Barometer
![clip_image003[1]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2021/02/clip_image0031-7.png "clip_image003[1]")
The intermediate Barometer dropped 6.12 to 63.49 yesterday. It remains overbought and showing early signs of rolling over.
![clip_image004[1]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2021/02/clip_image0041-4.png "clip_image004[1]")
The long term Barometer added 0.76 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
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