Pre-opening Comments for Friday February 14th
U.S. equity index futures were lower this morning. S&P 500 futures were down 5 points at 8:35 AM EST.
S&P 500 futures recovered 2 points following release of January U.S. Retail Sales at 8:30 AM EST. Consensus called for s 0.2% drop versus a gain of 0.4% in December. Actual was a 0.9% drop. Excluding auto sales, consensus was a 0.3% drop versus a 0.4% gain in December. Actual was a 0.4% drop.
DraftKings advanced $2.99 to $49.44 after offering positive revenue guidance.
![clip_image001[4]](https://timingthemarket.ca/techtalk/wp-content/uploads/2025/02/clip_image0014-4.png "clip_image001[4]")
Palo Alto dropped $10.71 to $191.17 after issuing revenue guidance below consensus.
![clip_image002[4]](https://timingthemarket.ca/techtalk/wp-content/uploads/2025/02/clip_image0024-5.png "clip_image002[4]")
Yelp gained $1.23 to $41.78 after reporting higher than consensus fourth quarter results
![clip_image003[4]](https://timingthemarket.ca/techtalk/wp-content/uploads/2025/02/clip_image0034-4.png "clip_image003[4]")
Motorola Solutions advanced $3.59 to $469.64 after reporting higher than consensus fourth quarter revenues and profits.
![clip_image004[4]](https://timingthemarket.ca/techtalk/wp-content/uploads/2025/02/clip_image0044-2.png "clip_image004[4]")
EquityClock’s Stock Market Outlook for February 14th
Another report on inflationary pressures in the economy highlighting the need for commodity exposure in portfolios at this seasonally strong time of year. See:
https://equityclock.com/2025/02/13/stock-market-outlook-for-february-14-2025/
Next Tech Talk Report
Next release will be posted on Tuesday February 18th. On Monday the Toronto Exchange is closed for Family Day and U.S. exchanges are closed for President’s Day.
Technical Notes
Eurozone iShares $EZU moved above $52.71 to an all-time high extending an intermediate uptrend.
South Korea iShares $EWY moved above $56.33 completing a reverse Head & Shoulders pattern.
S&P 100 and NASDAQ 100 stocks breaking resistance included Cognizant Technology on move above $89.29 to an all-time high, VeriSign on a move above $229.72 to a three year high, Simon Properties on a move above $183.88 to an all-time high and GE Healthcare on a move above $94.48 to an all-time high.
S&P 100 and NASDAQ 100 stocks breaking support setting intermediate downtrends included
Trade Desk on a move below $112.99 and $97.84 (after reporting less than consensus fourth quarter results), Allergan on a move below $204.13 and Data dog on a move below $114.72.
Sun Life Financial $SLF.TO a TSX 60 stock moved below Cdn$81.87 and Cdn$81.40 extending an intermediate downtrend. The company reported less than consensus fourth quarter results.
Canadian Tire $CTC.A.TO a TSX 60 stock moved below $148.69 and $145.81 following release of fourth quarter results.
Trader’s Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for February 13th 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 13th 2025
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for February 13th 2025
Green: Increase from previous day
Red: Decrease from previous day
Links offered by valued providers
Master Trades in Volatile Markets With This 4 MA Strategy: Joe Rabil
Master Trades in Volatile Markets With This 4 MA Strategy – YouTube
Does Spiking Inflation & Bearish Market Rotation Spell DOOM? Tom Bowley
Does Spiking Inflation & Bearish Market Rotation Spell DOOM? – YouTube
SPX’s Resistance Can Become New Support, 20-Day SMA Holds: All time high Alert for S&P 500: Schwab Network
SPX’s Resistance Can Become New Support, 20-Day SMA Holds – YouTube
CHART THIS with David Keller, CMT for February 13th
https://www.youtube.com/watch?v=vxCeHNA8s00
S&P 500 Momentum Barometers
The intermediate term Barometer added 5.00 to 54.60. It remains Neutral
The long term Barometer added 2.40 to 60.60. It returned back to Overweight on recovery above 60.00.
TSX Momentum Barometers
The intermediate term Barometer added 4.52 to 47.96. It remains Neutral.
The long term Barometer slipped 0.45 to 62.90. 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 15th, 2025 at 11:07 am
A bearish engulfing candlestick has formed on the weekly chart for $USDCAD. This suggests a likely pullback of the USD (relative to the CAD$). Support exists at $0.715 at the top of the previous trading range. Full Stochastics has also rolled over from overbought.
https://schrts.co/qCSvhTId