Pre-opening Comments for Thursday February 27th
U.S. equity index futures were higher this morning. S&P 500 futures were up 33 points at 8:30 AM EST.
Nvidia advanced $3.06 to $134.34 after reporting higher than consensus fourth quarter results.
![clip_image001[4]](https://timingthemarket.ca/techtalk/wp-content/uploads/2025/02/clip_image0014-8.png "clip_image001[4]")
Royal Bank is expected to open higher after reporting higher than consensus fiscal first quarter earnings.
Snowflake added $15.01 to $181.20 after reporting higher than consensus fourth quarter revenues. The company also offered positive guidance.
![clip_image003[4]](https://timingthemarket.ca/techtalk/wp-content/uploads/2025/02/clip_image0034-7.png "clip_image003[4]")
Salesforce.com dropped $19.33 to $288.00 after reporting less than consensus quarterly revenues. The company also lowered guidance.
EquityClock’s Market Outlook for February 27th
The downbeat economic performance to start the year continues, this time with shipping volumes and new home sales. See:
https://equityclock.com/2025/02/26/stock-market-outlook-for-february-27-2025/
Technical Note
Europe iShares $IEV moved above$58.65 to an all-time high extending an intermediate uptrend. Seasonal influences are positive until April 30th
Trader’s Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for February 26th 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 26th 2025
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for February 26th 2025
Green: Increase from previous day
Red: Decrease from previous day
Link offered by a valued provider
Bearish Signals & Risk Management: Protect Your Portfolio! David Keller
https://www.youtube.com/watch?v=hYiNDzb56X4
S&P 500 Momentum Barometers
The intermediate term Barometer slipped 1.00 to 53.00. It remains Neutral
The long term Barometer slipped 0.60 to 60.00. It remains Overbought.
TSX Momentum Barometers
The intermediate term Barometer added 4.09 to 49.55. It remains Neutral.
The long term Barometer slipped 0.91 to 58.18. It remains Neutral. Daily trend is down.
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 27th, 2025 at 8:03 pm
We live in interesting times to quote an old Chinese expression. It’s not good but what Trump is doing is rattling US markets and he will be under pressure given time because of it. We have never lived in a situation where a group of complete morons have taken over the government of the US. CAD as predicted is tanking. Are we living in a world where the barbarians have taken control and the globe will be in a downward spiral? I apologize for not posting about technical analysis but instead being very political but the times we live in are globally political.