Technical Notes

Auto ETF $CARZ moved below $57.04 and $56.36 setting an intermediate downtrend. Responded to Trump’s tariff proposal that could disrupt the U.S. auto industry supply chain.

Lithium ETN $LIT moved below support at $30.54 extending an intermediate downtrend.

S&P 100 and NASDAQ 100 stocks moving below support extending an intermediate downtrend included Trade Desk, US Bancorp, Illumina, Regeneron, FedEx and NXP Semiconductor

TSX 60 stocks moving below support extending an intermediate downtrend included Bank of Montreal, Bank of Nova Scotia, Commerce Bank, National Bank, Manulife Financial, Sun Life Financial, CAE, Teck Resources, Magna International, SNC Lavalin, Loblaw Companies, Rogers Communications, Dollarama and Pembina Pipeline.

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for February 3^rd 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 3^rd 2025

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for February 3^rd 2025

Green: Increase from previous day

Red: Decrease from previous day

Links offered by valued providers

Fundstrat’s Tom Lee on Pres. Trump’s tariffs: There’s downside protection to the markets

Fundstrat’s Tom Lee on Pres. Trump’s tariffs: There’s downside protection to the markets – YouTube

Trump Tariffs: Volatility, Bearish SPX Signals & Crude Oil Impact: Schwab Network

Trump Tariffs: Volatility, Bearish SPX Signals & Crude Oil Impact – YouTube

Mexico’s president describes call with Trump that led to pause in tariffs

Mexico’s president describes call with Trump that led to pause in tariffs – YouTube

"It shows there are deals to be made" | What’s in store for Canada in wake of Mexico tariff delay

"It shows there are deals to be made" | What’s in store for Canada in wake of Mexico tariff delay – YouTube

Goldman Sachs’ David Kostin: Sustained tariffs could hit S&P earnings by 2-3%

Goldman Sachs’ David Kostin: Sustained tariffs could hit S&P earnings by 2-3% – YouTube

CHART THIS with David Keller Monday 2/3/25

https://www.youtube.com/watch?v=pXd_uuv8Vrw

S&P 500 Momentum Barometers

The intermediate term Barometer dropped 2.60 to 48.40. It remains neutral. Daily trend is down.

The long term Barometer dropped 1.40 to 60.60. It remains Overbought. Daily trend is down.

After peaking at 83.00 last Tuesday, the short term Barometer (20 day) plunged 6.40 yesterday to 63.40. It remains Overbought and continues to trend down.

TSX Momentum Barometers

The intermediate term Barometer dropped another 4.95 to 33.78. It remains Oversold. Daily trend remains down.

The long term Barometer dropped 1.35 to 60.81. It remains Overbought. Daily trend is down.

The short term (20 day) Barometer dropped plunged 10.36 to 36.04. It changed from neutral to oversold on a drop below 40.00. 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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