Next Tech Talk report is to be released on Tuesday January 21st. U.S. equity markets are closed on Monday and trading activity on Canadian exchanges is expected to be lower than average.
Technical Notes
Brrrr, it’s cold out there! Natural Gas ETN HNU.TO moved above Cdn$50.28 to a seven month high. Natural Gas ETN UNG moved above US$19.48.
Italy iShares $EWI moved above $37.33 setting an intermediate uptrend.
U.S. Medical Devices iShares $IHI moved above $61.17 extending an intermediate uptrend.
JP Morgan Chase $JPM a Dow Jones Industrial Average stock moved above $253.00 to an all-time high. Reported higher than consensus fourth quarter results!
Goldman Sachs $GS a Dow Jones Industrial Average stock moved above $611.91 to an all-time high extending an intermediate uptrend.
Trader’s Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for January 16th 2025
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 January 16th 2025
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for January 16th 2025
Green: Increase from previous day
Red: Decrease from previous day
Links offered by valued providers
Stocks Ignite as Inflation Fears FADE Away! Tom Bowley
Stocks Ignite as Inflation Fears FADE Away! – YouTube
See oil price risks skew to the upside in the near-term, says Goldman Sachs’ Samantha Dart
See oil price risks skew to the upside in the near-term, says Goldman Sachs’ Samantha Dart – YouTube
Top stock picks from Michele Schneider
Top stock picks from Michele Schneider – YouTube
Market Update – Balancing Caution and Optimism Navigating 2025’s Market Dynamics
Market Update – Balancing Caution and Optimism Navigating 2025’s Market Dynamics – YouTube
S&P 500 Momentum Barometers
The intermediate term Barometer advanced another 5.60 to 38.20. It remains Oversold. Daily trend is up.
The long term Barometer added another 2.40 to 60.40. It changed from Neutral to Overbought on a move above 60.00.
P.S. Short term (20 day) Barometer vaulted another 11.40 to 67.40. It changed from Neutral to Overbought. Low was set on December 19th at 7.80.
TSX Momentum Barometers
The intermediate term Barometer added 1.06 to 36.94. It remains Oversold.
The long term Barometer added 0.28 to 63.06. 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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January 16th, 2025 at 9:53 pm
Is anyone else seeing the S&P 500 falling wedge pattern?