Technical Notes
Spot Gold futures moved above US$2,801.80 per ounce to an all-time high extending an intermediate uptrend. Gold bullion SPDRs $GLD moved above $257.71 to an all-time high extending an intermediate uptrend. Gold Miners ETF $GDX moved above intermediate resistance at $38.72. Notable among gold stock gainers was Franco-Nevada $FDX.TO on a move above Cdn$190.77 and US$137.20
S&P 100 and NASDAQ 100 stocks breaking above intermediate resistance extending an uptrend included IBM on a move above $239.35 to an all-time high, Check Point on a move above $210.70 to an all-time high, Roper Technologies on a move above $579.15 to an all-time high, Lululemon $LULU on a move above $420.21, Charles Schwab on a move above $83.35
S&P 100 stocks moving below support setting intermediate downtrends included Comcast, FedEx and UPS
Thomson Reuters $TRI.TO a TSX 60 stock moved above Cdn$243.42 to an all-time high extending an intermediate uptrend.
TSX Composite Index moved above 25,843.20 to an all-time high extending an intermediate uptrend
Shopify $SHOP.TO a TSX 60 stock moved above Cdn$171.84 extending an intermediate uptrend.
Trader’s Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for January 30th 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 30th 2025
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for January 30th 2025
Green: Increase from previous day
Red: Decrease from previous day
Links offered by valued providers
Watch for These Bear Market WARNING Signs! Tom Bowley
Watch for These Bear Market WARNING Signs! – YouTube
Market Outlook After Big Tech "Mixed Bag," Unchanged Fed Rate: Schwab Network
Market Outlook After Big Tech "Mixed Bag," Unchanged Fed Rate – YouTube
Biggest Risks to the Market: Mike Wilson on First Half Volatility: Guy Adami, Dan Nathan and Mike Wilson
Biggest Risks to the Market: Mike Wilson on First Half Volatility – YouTube
CHART THIS with David Keller, CMT Thursday 1/30/25
https://www.youtube.com/watch?v=Uk0B6JsXTbc
S&P 500 Momentum Barometers
The intermediate term Barometer added 5.40 to 56.80. It remains Neutral.
The long term Barometer added 2.60 to 64.00. It remains Overbought.
TSX Momentum Barometers
The intermediate term Barometer added 6.31 to 47.30. It remains Neutral
The long term Barometer added 2.70 to 68.47. 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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Equity Clock Publications