Technical Notes
Precious metal equities and related Exchange Traded Funds continue to respond to new all-time high gold prices. Silver ETN $SLV moved above intermediate resistance at $29.43. Junior Gold Equity ETF $GDXJ moved above $49.75.
Wheaton Precious Metals $WPM.TO a TSX 60 stock moved above Cdn$94.67 to an all-time high extending an intermediate uptrend.
Paychex $PAYX a NASDAQ 100 stock moved above $150.71 to an all-time high extending an intermediate uptrend.
KraftHeinz $KHC an S&P 100 stock moved below $28.37 extending an intermediate downtrend.
Constellation Software $CSU.TO a TSX 60 stock moved above Cdn$4,877.60 to an all-time high extending an intermediate uptrend.
Trader’s Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for February 5th 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 February 5th 2025
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for February 5th 2025
Green: Increase from previous day
Red: Decrease from previous day
Links offered by valued providers
Are These Behavioral Biases HURTING Your Returns? David Keller
Are These Behavioral Biases HURTING Your Returns? – YouTube
Expect securities to be tokenized during the Trump administration: Kindred Ventures’ Steve Jang
Market volatility can go a lot higher this year, says RBC’s Amy Wu Silverman
Market volatility can go a lot higher this year, says RBC’s Amy Wu Silverman – YouTube
CHART THIS with David Keller, CMT Wednesday 2/5/25 David Keller
https://www.youtube.com/watch?v=o1WaVkBS6wk
Chart of the day: Copper ETN (CPER)
Technical score increased from 2 to 6 when intermediate trend changed from neutral to up on a move above $27.80 and strength relative to the S&P 500 changed from neutral to positive. Seasonal influences are favourable until early March.
S&P 500 Momentum Barometers
The intermediate term Barometer added 4.60 to 53.20. It remains neutral.
The long term Barometer added 1.20 to 61.60. It remains Overbought.
TSX Momentum Barometers
The intermediate term Barometer jumped 10.81 to 49.55, It changed from Oversold to Neutral.
The long term Barometer added 2.25 to 64.86. 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