Pre-opening Comments for Friday February 21^st

U.S. equity index futures were higher this morning. S&P 500 futures were up 3 points at 8:30 AM EST.

Newmont Mining added $1.06 to $49.15 after reporting higher than consensus fourth quarter revenues.

Floor & Décor advanced $11.08 to $103.92 after reporting higher than consensus fourth quarter earnings. The company also offer positive guidance.

Booking Holdings gained $160.77 to $5,179.00.after reporting higher than consensus fourth quarter results. The company also announced a 10% dividend increase.

Consolidated Edison added $0.24 to $96.00 after reporting higher fourth quarter revenues. The company also raised its dividend

EquityClock’ Stock Market Outlook for February 21^st

Housing activity has been strained to start the year and this is taking a toll on the stocks with exposure. See:

https://equityclock.com/2025/02/20/stock-market-outlook-for-february-21-2025/

Technical Notes

Chinese stocks continue moving higher. JD.com moved above $42.44 and $42.73 setting an intermediate uptrend.

Analog Devices $ADI a NASDAQ 100 stock moved above $242.16 to an all-time high extending an intermediate uptrend.

American Electric Power $AEP a NASDAQ 100 stock moved above $103.20 to an all-time high extending an intermediate uptrend.

Caterpillar $CAT a Dow Jones Industrial Average stock moved below $348.52 extending an intermediate downtrend.

Couche Tard $ATD.TO a TSX 60 stock moved below Cdn$71.14 extending an intermediate downtrend.

Loblaw Companies $L.TO a TSX 60 stock moved below Cdn$175.66 completing a Head & Shoulders pattern.

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for February 20^th 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 20^th 2025

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for February 20^th 2025

Green: Increase from previous day

Red: Decrease from previous day

Links offered by valued providers

Expect the current bull market to continue this year, says JPMorgan’s Jack Caffrey

Expect the current bull market to continue this year, says JPMorgan’s Jack Caffrey – YouTube

Understanding PLTR Move, WMT Fade, BABA Surge and CVNA Plummet

Understanding PLTR Move, WMT Fade, BABA Surge and CVNA Plummet – YouTube

Bank of Canada rate path and outlook on loonie

Bank of Canada rate path and outlook on loonie – YouTube

David Keller BLINDLY RANKS 5 Technical Indicators!

https://www.youtube.com/watch?v=97nkxapaM5U

Are Stocks a Ticking Time Bomb? Tom Bowley

https://www.youtube.com/watch?v=yDdWbjCTx1w

Market Pullback Ahead: Sectors to Avoid Now! ValueTrendCanada: Note seasonality comments

https://www.youtube.com/watch?v=BDdRYpj_bKo

CHART THIS with David Keller, CMT Thursday 2/20/25 David Keller

https://www.youtube.com/watch?v=5-hBaHKRvRs

S&P 500 Momentum Barometers

The intermediate term Barometer dropped 2.20 to 57.60. It remains Neutral.

The long term Barometer slipped 0.20 to 62.40. It remains Overbought.

TSX Momentum Barometers

The intermediate term Barometer added 1.14 to 51.36. It remains Neutral.

The long term Barometer added 1.19 to 63.18. 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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