{"id":182464,"date":"2025-01-02T02:22:00","date_gmt":"2025-01-02T07:22:00","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=182464"},"modified":"2025-01-02T09:05:37","modified_gmt":"2025-01-02T14:05:37","slug":"tech-talk-for-thursday-january-2nd-2025","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2025\/01\/02\/tech-talk-for-thursday-january-2nd-2025\/","title":{"rendered":"Tech Talk for Thursday January 2nd 2025"},"content":{"rendered":"

Pre-opening Comments for Thursday January 2nd<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were higher this morning.<\/b> S&P 500 futures were up 41.75 points to 5,977.50 at 8:30 AM EST.<\/em><\/p>\n

WTI Crude oil<\/b> advanced $0.91 to $72.63 after a polar vortex expanded southward to southern U.S. states.<\/em><\/p>\n

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SoFi Technologies<\/b> dropped $0.20 to $15.20 after Keefe Bruyette downgraded the stock from Market Perform to Underperform.<\/em><\/p>\n

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Neumora Therapeutics <\/b>dropped $8.33 to $2.49 after its proposed depression treatment missed its endpoint.<\/em> <\/p>\n

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EquityClock\u2019s Stock Market Outlook for January 2nd<\/sup><\/strong><\/font><\/em><\/p>\n

The S&P 500 Index has averaged a return of 1.2% in January. However, the frequency of gains is rather muted at 58%. See:<\/em><\/b><\/p>\n

https:\/\/equityclock.com\/2024\/12\/31\/stock-market-outlook-for-january-2-2025\/<\/em><\/a><\/p>\n

<\/strong><\/font><\/p>\n

Technical Notes<\/strong><\/font><\/p>\n

Nil<\/p>\n

Trader\u2019s Corner<\/strong><\/font><\/p>\n

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Equity Indices and Related ETFs<\/strong><\/font><\/p>\n

Daily Seasonal\/Technical Equity Trends for December 31st<\/sup> 2024<\/p>\n

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Green: Increase from previous day<\/p>\n

Red: Decrease from previous day<\/p>\n

Source for all positive seasonality ratings: www.EquityClock.com<\/a><\/p>\n

Commodities<\/strong><\/font><\/p>\n

Daily Seasonal\/Technical Commodities Trends for December 31st<\/sup> 2024<\/p>\n

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Green: Increase from previous day<\/p>\n

Red: Decrease from previous day<\/p>\n

Sectors<\/strong><\/font><\/p>\n

Daily Seasonal\/Technical Sector Trends for December 31st<\/sup> 2024<\/p>\n

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Green: Increase from previous day<\/p>\n

Red: Decrease from previous day<\/p>\n

Links offered by valued providers<\/strong><\/font><\/p>\n

Josef Schachter: Oil Prices to Rise in 2025, Stocks Now at Bargain Levels<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=F-0sveLp0KM<\/a><\/p>\n

What it Means for Lumber Prices, Lumber Quality, and Lumber Supply in the Future!<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=U6r68WV477Y<\/a><\/p>\n

Why this portfolio manager has a cautious call on the TSX: Barry Schwartz<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=z4vvuAb-LjE<\/a><\/p>\n

Chart of the Day<\/strong><\/font>: TSX Energy iShares (XEG.TO)<\/p>\n

Technical score increased from -2 to +2 when strength relative to the S&P 500 changed from Neutral to Positive and price moved above its 20 day moving average. Seasonal influences are Positive. Responding to weather forecasts for extreme cold in North America starting next week!<\/p>\n

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S&P Momentum Barometers<\/strong><\/font><\/p>\n

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The intermediate term Barometer added 0.80 to 21.00. It remains Oversold and showing early signs of bottoming.<\/p>\n

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The long term Barometer was unchanged at 56.00. It remains Neutral.<\/p>\n

P.S. Short term (20 day) Barometer recovered from 7.80 on Friday to 10.20 on Tuesday.<\/em><\/p>\n

TSX Momentum Barometers<\/strong><\/font><\/p>\n

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The intermediate term Barometer added 4.48 to 34.08. It remains Oversold. Daily trend has turned up.<\/p>\n

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The long term Barometer added 1.35 to 60.09. It changed from Neutral to Overbought on a return above 60.00. Daily trend has turned up.<\/p>\n

P.S. Short term (20 day) Barometer bounced from 8.68 last Friday to 29.15 on Tuesday<\/em><\/p>\n

Disclaimer:<\/b> Seasonality ratings and technical ratings offered in this report and at<\/em><\/p>\n

www.equityclock.com<\/em><\/a> 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<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Pre-opening Comments for Thursday January 2nd U.S. equity index futures were higher this morning. S&P 500 futures were up 41.75 points to 5,977.50 at 8:30 AM EST. WTI Crude oil advanced $0.91 to $72.63 after a polar vortex expanded southward to southern U.S. states. SoFi Technologies dropped $0.20 to $15.20 after Keefe Bruyette downgraded the […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-182464","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/182464","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/comments?post=182464"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/182464\/revisions"}],"predecessor-version":[{"id":182472,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/182464\/revisions\/182472"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=182464"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=182464"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=182464"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}