Tech Talk for Friday January 15th 2021

Consumer Staples iShares (XLP) moved below $65.56 completing a double top pattern.

Verisk Analytics (VRSK), a NASDAQ 100 stock moved below $191.06 completing a double top pattern.

Blackberry (BB), a former TSX 60 stock moved above Cdn$12.54 and US$9.69 to a 28 month high extending an intermediate uptrend.

Pre-opening Comments for Friday January 15th

U.S. equity index futures were lower this morning. S&P 500 futures were down 14 points in pre-opening trade. Investors were not impressed by President elect Biden for the U.S. government to spend an extra $1.9 trillion and to raise corporate and personal tax rates.

Equity Index futures were virtually unchanged following release of U.S. economic news at 8:30 AM EST. Consensus for the December Producer Price Index was an increase of 0.4% versus a gain of 0.1% in November. Actual was an increase of 0.3%. Consensus for the January Empire Manufacturing Survey was an increase to 6.00 from 4.90 in December. Actual was a drop to 3.50 . Consensus for December Retail Sales was a slip of 0.2% versus a revised decline of 1.4% in November. Actual was a drop of 0.7%. Excluding auto sales, consensus for December Retail Sales was a slip of 0.1% versus a revised decline of 1.3% in November. Actual was a decline of 1.4%

JP Morgan added $0.64 to $141.81 after reporting higher than consensus fourth quarter earnings.

Lululemon gained $1.27 to $349.00 despite a target price increase by Wedbush from $370 to $340.

PayPal advanced $1.69 to $243.75 after Mizuho raised its target price from $290 to $350.

Delta Airlines slipped $0.24 to $41.23 despite a target increase by Stifel Nicolaus from $39 to $49.

Wells Fargo slipped $0.90 to $33.81 despite reporting higher than consensus fourth quarter earnings.

EquityClock's Daily Comment

Following is a link:

http://www.equityclock.com/2021/01/14/stock-market-outlook-for-january-15-2021/

Note seasonality chart on the Travel and Tourism industry.

Next Tech Talk report . . .

. . . will be released on Monday Jan 18th despite the U.S. holiday when U.S. equity markets are closed.

Technical Notes for Thursday January 14th

China large cap iShares (FXI) moved above $48.71 extending an intermediate uptrend after China's December trade data beat consensus.

Brazil iShares (EWZ) moved above $38.22 extending an intermediate uptrend.

U.S. Aerospace & Defense iShares (ITA) moved above $96.85 and $97.36 resuming an intermediate uptrend.

U.S. Oil & Gas Exploration iShares (XOP) moved above $70.60 resuming an intermediate uptrend.

S&P Financial SPDRs (KBE) moved above $46.36 to a three year high extending an intermediate uptrend.

Berkshire Hathaway (BRK.B), an S&P 100 stock moved above $234.99 to an all-time high extending an intermediate uptrend.

Cintas (CTAS), a NASDAQ 100 stock moved below $334.13 setting an intermediate downtrend.

Qualcomm (QCOM), a NASDAQ 100 stock moved above $161.07 to an all-time high extending an intermediate uptrend.

Simon Properties (SPG), an S&P 100 stock moved above $92.89 extending an intermediate uptrend.

Chevron (CVX), an S&P 100 stock moved above $95.82 extending an intermediate uptrend.

American International Group (AIG), an S&P 100 stock moved above $41.24 extending an intermediate uptrend.

MetLife (MET), an S&P 100 stock moved above $51.27 to an all-time high extending an intermediate uptrend.

Visa (V), a Dow Jones Industrial Average stock moved below $203.80 completing a modified double top pattern.

T-Mobile (TMUS), a NASDAQ 100 stock moved below $107.56 completing a modified double top pattern.

Pembina Pipelines (PPL), a TSX 60 stock moved above $34.60 and $34.71 extending an intermediate uptrend.

Open Text (OTEX), a TSX 60 stock moved above $46.50 resuming an intermediate uptrend.

Suncor (SU), a TSX 60 stock moved above $24.40 extending an intermediate uptrend.

Trader's Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for January 14th 2021

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for January 14th 2021

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for January 14th 2021

Green: Increase from previous day

Red: Decrease from previous day

S&P 500 Momentum Barometers

The intermediate Barometer slipped 3.41 to 75.95 yesterday. It remains intermediate overbought.

The long term Barometer eased 0.20 to 89.98 yesterday. It remains extremely long term overbought.

TSX Momentum Barometers

The intermediate Barometer added 0.31 to 66.03 yesterday. It remains intermediate overbought.

The long term Barometer added 0.38 to 79.43 yesterday. It remains long term overbought and is trending lower.

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