Pre-opening Comments for Tuesday February 14^th

U.S. equity index futures were mixed this morning. S&P 500 futures were unchanged in pre-opening trade.

Index futures moved lower following release of the January Consumer Price Index at 8:30 AM EST. Consensus was an increase of 0.4% versus a decline of 0.1% in December. Actual was an increase of 0.5%. On a year-over-year basis, consensus was an increase of 6.2% versus a gain of 6.5% in December. Actual was an increase of 6.4%. Excluding food and energy consensus for January CPI was an increase of 0.3% versus a gain of 0.4% in December. Actual was an increase of 0.4%. On a year-over-year basis, consensus was an increase of 5.5% versus a gain of 5.7% in December. Actual was an increase of 5.6%.

Palantir Technologies added $1.32 to $8.93 after reporting higher than consensus quarterly earnings.

Avis advanced $7.75 to $228.25 after reporting higher than consensus quarterly results.

Cadence Design Systems gained $5.80 to $191.50 after reporting higher than consensus quarterly earnings.

 

EquityClock’s Daily Comment

Headline reads “Gauges of risk-sentiment in the market at a pivotal point heading into the release of Tuesday’s CPI report”.

http://www.equityclock.com/2023/02/13/stock-market-outlook-for-february-14-2023/

 

Technical Notes

Thomson Reuters $TRI.TO a TSX 60 stock moved above Cdn$167.53 to an all-time high extending an intermediate uptrend.

Wheat ETN $WEAT moved above intermediate resistance at $8.03.

 

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for Feb.13^th 2023

Green: Increase from previous day

Red: Decrease from previous day

 

Commodities

Daily Seasonal/Technical Commodities Trends for Feb.13^th 2023

Green: Increase from previous day

Red: Decrease from previous day

 

Sectors

Daily Seasonal/Technical Sector Trends for Feb.13^th 2023

Green: Increase from previous day

Red: Decrease from previous day

 

Link offered by a valued provider

‘A different animal’: The bear market is ‘over,’ but that doesn’t unleash bulls to send stocks on a 2023 tear, according to Wells Fargo

https://www.marketwatch.com/story/a-different-animal-the-bear-market-is-over-but-that-doesnt-unleash-bulls-to-send-stocks-on-a-2023-tear-according-to-wells-fargo-9e7fb65a?mod=home-page

 

Uranium‘s January Jump

BY JACOB WHITE | FRIDAY, FEBRUARY 10, 2023

Sprott Uranium Report: Uranium‘s January Jump

 

S&P 500 Momentum Barometers

The intermediate term Barometer added 6.40 to 72.00. It remains Overbought.

The long term Barometer added 1.40 to 72.20. It remains Overbought.

 

TSX Momentum Barometers

The intermediate term Barometer added 4.66 to 66.95. It remains Overbought.

The long term Barometer was unchanged at 66.53. It remains Overbought.

Disclaimer: Seasonality ratings 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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