Pre-opening Comments for Thursday February 13th
U.S. equity index futures were lower this morning. S&P 500 futures were up 7 points at 8:35 AM EST.
S&P 500 futures added 11 points following release of the January Producer Price Index at 8:30 AM EST. Consensus was a 0.3% gain versus a 0.2% gain in December. Actual was a 0.4% gain. Excluding food and energy, consensus was a 0.3% gain versus no change in December. Actual was a 0.3% gain.
Cisco advanced $4.08 to $66.50 after reporting higher than consensus fiscal second quarter earnings. The company also raised guidance.
Trade Desk plunged $30.73 to $91.50 after reporting fiscal first quarter revenues below consensus.
Robinhood Markets added $3.98 to $59.89 after reporting higher than consensus fourth quarter results.
Fastly plunged $1.77 to $8.30 after reporting less than consensus fourth quarter results. The company also lowered guidance for 2025.
EquityClock’s Stock Market Outlook for February 13th
Emerging pricing pressures over the past few months calls inflation hedges via commodity exposure in portfolios at this time of year. See:
https://equityclock.com/2025/02/12/stock-market-outlook-for-february-13-2025/
Technical Notes
CVS Health $CVS an S&P 100 stock moved above $58.46 to $59.71 setting an intermediate uptrend.
Intel $INTC an S&P 100 stock moved above $22.41 setting an intermediate uptrend.
PACCAR $PCAR a NASDAQ 100 stock moved below $102.22 completing a double top pattern.
Algonquin Power $AQN.TO a TSX 60 stock moved above $6.65 completing a double bottom pattern.
Trader’s Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for February 12th 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 12th 2025
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for February 12th 2025
Green: Increase from previous day
Red: Decrease from previous day
Links offered by valued providers
Bank of America CEO Brian Moynihan: Our research team has taken all rate cuts off the table
SPX Retests 50-SMA with Hot CPI Print & Fading Market Breadth: Schwab Network
SPX Retests 50-SMA with Hot CPI Print & Fading Market Breadth – YouTube
Cathie Wood’s Big Ideas 2025 Recap
Cathie Wood’s Big Ideas 2025 Recap – YouTube
Katie Stockton on the technicals in energy
Katie Stockton on the technicals in energy – YouTube
S&P 500 Momentum Barometers
The intermediate term Barometer dropped 4.40 to 48.60. It remains Neutral.
The long term Barometer dropped another 2.40 to 58.20. It changed from Overbought to Neutral on a drop below 60.00. Daily trend is down.
Short term Barometer plunged another 9.40 to 44.80. Daily downtrend from its high on January 27th at 83.20 was extended.
TSX Momentum Barometers
The intermediate term Barometer dropped 2.71 to 43.44. It remains Neutral.
The long term Barometer was unchanged at 63.35. 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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February 13th, 2025 at 5:44 pm
CAD – Seems to be making a decisive break above the 50 day MA and above 0.70 after an seven week bottoming phase. TechTalk posted a BNN video yesterday with currency analyst Sean Osbourne of Scotia who is calling for a limited upside target of 71.5 for CAD. I follow Barometer and they are positive on CAD.
February 13th, 2025 at 9:51 pm
Larry
I continue to see CAD in the 0.68-0.72 range for this year unless we settle with the US. We have a couple weeks before the next round starts on tariffs for CAN so not surprised the currency has recovered a little. However, if we were to settle with the US and tariff issues disappear, back to 0.74-0.75 range and maybe higher if growth picks up. Near term, gold and gold miners look to be where to hide and wait for blue sky days. Both are above 20/50/100/200 MA, positive slope to the right, technicals bullish (RSI, MACD, etc…). Looks like GOLD could hit $3000 next week and a if that holds stretch above 3300 before summer.