Pre-opening Comments for Tuesday February 11^th

U.S. equity index futures were lower this morning. S&P 500 futures were down 24 points at 8:30 AM EST.

Focus today is on Federal Reserve Chairman Powell’s testimony to a congressional committee updating U.S. monetary policy.

Coca Cola advanced $2.20 to $66.80 after reporting higher than consensus fourth quarter revenues and earnings.

Dupont added $2.77 to $79.03 after reporting higher than consensus fourth quarter revenues and earnings.

Lattice Semiconductor added $7.03 to $61.50 on higher than consensus fourth quarter earnings. The company also raised guidance.

Phillips 66 advanced $6.57 to $130.28 after activist investor Elliott purchased an equity interest.

EquityClock’s Stock Market Outlook for February 11^th

The technicals and seasonal tendencies are not providing the purview to be as aggressive in stocks as what was allowable previous, but there are still plenty of things to buy. See:

https://equityclock.com/2025/02/10/stock-market-outlook-for-february-11-2025/

Technical Notes

China iShares $FXI moved above resistance at $33.25. Intermediate trend changed from down to neutral.

S&P/TSX Gold iShares $XGD.TO moved above Cdn$26.04 to an all-time high extending an intermediate uptrend.

Copper ETN CPER moved above $29.16 extending an intermediate uptrend.

Coca Cola $KO a Dow Jones Industrial Average stock moved above $64.61 and $64.29 completing a double bottom pattern.

US Bancorp $USB an S&P 100 stock moved below $46.69 and $46.65 completing a Head & Shoulders pattern.

Toronto Dominion Bank $TD.TO a TSX 60 stock moved above Cdn$85.79 to a 33 month high extending an intermediate uptrend. The company announced sale of its interest in Charles Schwab

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for February 10^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 10^th 2025

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for February 10^th 2025

Green: Increase from previous day

Red: Decrease from previous day

Canadian Association for Technical Analysis Presentation

Next presentation is tonight at 8:00 PM EST. Presenter by Zoom is Jeff Parent from Castlemoore. Jeff also is a past president of the Canadian Society of Technical Analysis. Topic is “Combining Top-Up, Bottom-Down and Middle-out Processes” Not a member in CATA? Link is https://canadianata.ca/content.aspx?page_id=0&club_id=71614

Links offered by valued providers

Nasdaq DROPS on Weak AMZN, TSLA & GOOGL Earnings! Mary Ellen McGonagle

https://www.youtube.com/watch?v=fABx9OdKCAk

Weekly Update with Larry Berman – February 8, 2025

https://www.youtube.com/watch?v=hvG-IhVwFPY

Copper Demand is Skyrocketing, But Supply is Collapsing – Here’s what it means for you.

https://www.youtube.com/watch?v=Rw7FuXda0sc

Stay on TOP of the AI Revolution! Tony Zhang

https://www.youtube.com/watch?v=CR0UfgOA4jk

CHART THIS with David Keller, CMT Monday 2/10/25

https://www.youtube.com/watch?v=KeiarZom-10

S&P 500 Momentum Barometer

The intermediate term Barometer was unchanged at 50.60. It remains Neutral.

The long term Barometer added 0.40 to 59.80. It remains Neutral.

TSX Momentum Barometer

The intermediate term Barometer added 6.23 to 49.77. It remains Neutral.

The long term Barometer added 2.26 to 64.25. 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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