Technical Notes for Wednesday October 21st Long term U.S. Treasury iShares (TLT) moved below $158.28 extending a short term downtrend. Chile iShares (ECH) moved above $24.44 extending an intermediate uptrend. Units are responding to higher copper prices. Chile is the world’s largest copper producing country. Mexico iShares (EWW) moved above $36.15 extending an intermediate uptrend. An early snow storm in the U.S. Midwest and Western Canada prompted natural gas futures to move above US$3.00 per MBtu. “Gassy” stocks on both sides of the border responded accordingly. Biogen (BIIB), a NASDAQ 100 stock moved below $265.05 extending an intermediate downtrend. The stock responded to disappointing third quarter results. PayPal (PYPL), a NASDAQ 100 stock moved above $212.45 to an all-time high extending an intermediate uptrend. ConocoPhillips (COP), an S&P 100 stock moved below $31.07 extending an intermediate downtrend. CGI Inc (GIB.A), a TSX 60 stock moved below Cdn$87.70 completing a modified Head & Shoulders pattern. Canadian Tire (CTC.A), a TSX 60 stock moved above $152.94 extending an intermediate uptrend. Nutrien (NTR), a TSX 60 stock moved above $54.93 extending an intermediate uptrend. Responding to higher grain prices. Trader’s Corner Equity Indices and Related ETFs Daily Seasonal/Technical Equity Trends for October 21st 2020 Green: Increase from previous day Red: Decrease from previous day Commodities Daily Seasonal/Technical Commodities Trends for October 21st 2020 Green: Increase from previous day Red: Decrease from previous day Sectors Daily Seasonal/Technical Sector Trends for October 21st 2020 Green: Increase from previous day Red: Decrease from previous day S&P 500 Momentum Barometer The Barometer slipped 2.01 to 61.04 yesterday. It remains intermediate overbought and trending down. TSX Momentum Barometer The Barometer added 2.38 to 55.71 yesterday. It remains intermediate neutral. 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