Pre-opening Comments for Tuesday January 30^th

U.S. equity index futures were lower this morning. S&P 500 futures were down 10 points at 8:30 AM EST.

F5 Networks gained $11.64 to $197.01 after reporting higher than consensus fiscal first quarter earnings. The company also offered encouraging fiscal second quarter guidance.

Whirlpool dropped $4.81 to $112.98 after lower first quarter guidance.

Nucor added $2.36 to $179.00 after offering positive first quarter guidance.

Cleveland Cliffs dropped $0.42 to $18.47 after reporting a fourth quarter loss.

 

Technical Notes

Israel iShares $EIS moved above $58.91 and $58.92 extending an intermediate uptrend.

Procter & Gamble $PG a Dow Jones Industrial Average stock moved above $156.40 extending an intermediate uptrend.

Walt Disney $DIS a Dow Jones Industrial Average stock moved above $96.20 extending an intermediate uptrend.

S&P/TSE Financial Services iShares $XFN.TO moved above Cdn$48.11 extending an intermediate uptrend.

 

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for Jan.29^th 2024

Green: Increase from previous day

Red: Decrease from previous day

Source for all positive seasonality ratings: www.EquityClock.com

Commodities

Daily Seasonal/Technical Commodities Trends for Jan 29^th 2024

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for Jan.29^th 2024

Green: Increase from previous day

Red: Decrease from previous day

Links offered by valued providers

Bull Market Update: Stronger and Stronger! Greg Harmon

https://www.youtube.com/watch?v=9ODOXDufqsw

 

Market Rally Broaden Out Fake Out + Mega-Cap Tech Earnings: Guy Adami

https://www.youtube.com/watch?v=aMZn-cq6hZU

 

S&P 500 Momentum Barometers

The intermediate term Barometer added 1.80 to 78.40. It remains Overbought.

The long term Barometer added 2.20 to 75.60. It remains Overbought.

 

TSX Momentum Barometers

The intermediate term Barometer added 0.44 to 69.78. It remains Overbought.

The long term Barometer added 2.22 to 63.56. 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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