Tech Talk for Wednesday February 10th 2021

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 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 $587.49 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.

Pre-opening Comments for Wednesday February 10th

U.S. equity index futures were higher this morning. S&P 500 futures were up 16 points in pre-opening trade.

Index futures moved slightly higher following release of the January Consumer Price Index at 8:30 AM EST. Consensus was an increase of 0.3% versus a gain of 0.4% in December. Actual was an increase of 0.3% . Excluding food and energy, consensus was an increase of 0.2% versus a gain of 0.1% in December. Actual was unchanged.

Twitter gained $2.07 to $61.94 after reporting higher than consensus fourth quarter revenues and earnings.

Cisco slipped $2.63 to $45.87 after the company raised concerns about a computer chip shortage.

Cameco (CCO Cdn$19.24) is expected to open higher after reporting higher than consensus fourth quarter earnings.

Mattel advanced $0.39 to $19.25 after reporting higher than consensus fourth quarter revenues and earnings.

EquityClock's Daily Comment

Following is a link:

http://www.equityclock.com/2021/02/09/stock-market-outlook-for-february-10-2021/

Technical Notes For Tuesday February 9th

Grain ETN (JJGTF) moved above $29.13 to a 3.5 year high extending an intermediate uptrend.

SNC Lavalin (SNC), a TSX 60 stock moved above $24.47 and $24.73 completing a base building pattern.

ManuLife (MFC), a TSX 60 stock moved above $24.73 extending an intermediate uptrend.

U.S. Regional Banks ETF (KRE) moved above $59.86 extending an intermediate uptrend.

U.S. Major Banks ETF (KBE) moved above $47.24 extending an intermediate uptrend.

Emerging Markets ETF (EEM) moved above $56.54 to an all-time high extending an intermediate uptrend.

U.S. Aerospace & Defense ETF (ITA) moved above $97.46 resuming an intermediate uptrend.

Trader's Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for February 9th 2021

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for February 9th 2021

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for February 9th 2021

Green: Increase from previous day

Red: Decrease from previous day

Change in Seasonal Rating

Lumber moves from Positive to Neutral to June 15th

S&P 500 Momentum Barometer

The intermediate Barometer slipped 0.60 to 72.95 yesterday. It remains intermediate overbought.

The long term Barometer added 0.20 to 90.78 yesterday. It remains long term overbought.

TSX Momentum Barometer

The intermediate Barometer eased 1.92 to 67.79 yesterday. It remains intermediate overbought.

The long term Barometer slipped 1.44 to 77.88 yesterday. 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