{"id":182509,"date":"2025-01-03T10:14:45","date_gmt":"2025-01-03T15:14:45","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=182509"},"modified":"2025-01-03T10:14:45","modified_gmt":"2025-01-03T15:14:45","slug":"tech-talk-for-friday-january-3rd-2025","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2025\/01\/03\/tech-talk-for-friday-january-3rd-2025\/","title":{"rendered":"Tech Talk for Friday January 3rd 2025"},"content":{"rendered":"

Pre-opening Comments for Friday January 3rd<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were higher this morning.<\/b> S&P 500 futures were up 20 points at 8:30 AM EST.<\/em><\/p>\n

United States Steel<\/b> dropped $2.60 to $30.00 following reports that President Biden is set to block its takeover by Nippon Steel.<\/em><\/p>\n

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Chewy<\/b> added $0.88 to $34.75 after Wolfe Research upgraded the stock from Peer Perform to Outperform.<\/em><\/p>\n

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Nvidia<\/b> gained $0.55 to $138.87 prior to an update comment by CEO Huang at CES on Monday.<\/p>\n

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Block<\/b> advanced $2.15 to $88.90 after Raymond James upgraded the stock from Market Perform to Outperform. <\/em><\/p>\n

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EquityClock\u2019s Stock Market Outlook for January 3rd<\/sup> 2025<\/strong><\/font><\/em><\/p>\n

While stocks are having difficulty mitigating the dollar headwind, Gold is not, a normal phenomenon for the first couple of months of the year. See:<\/em><\/b><\/p>\n

https:\/\/equityclock.com\/2025\/01\/02\/stock-market-outlook-for-january-3-2025\/<\/em><\/a><\/p>\n

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

S&P 500 Index<\/b> $SPX moved below $5,853.01 and 5,832.30 completing a short term Head & Shoulders pattern. S&P 500 SPDRs<\/b> $SPYmoved below $580.91 and $581.90 completing a short term Head & Shoulders pattern.<\/p>\n

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U.S. Crude Oil ETN<\/b> $USO moved above $75.56 resuming an intermediate uptrend. WTI Crude Oil <\/b>moved above $72.88 resuming an intermediate uptrend.<\/p>\n

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Corn ETN<\/b> $CORN moved above $18.85 completing a long term reverse Head & Shoulders pattern<\/p>\n

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Target<\/b> $TGT an S&P 100 stock moved above $138.11 resuming an intermediate uptrend.<\/p>\n

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Dollar Tree<\/b> $DLTR a NASDAQ 100 stock moved above $76.76 and $76.98 completing a Reverse Head & Shoulders pattern. <\/p>\n

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CDW<\/b> $CDW a NASDAQ 100 stock moved below $172.35 extending an intermediate downtrend.<\/p>\n

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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 January 2nd<\/sup> 2024<\/p>\n

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

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

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

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

Daily Seasonal\/Technical Commodities Trends for January 2nd<\/sup> 2024<\/p>\n

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

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

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

Daily Seasonal\/Technical Sector Trends for January 2nd<\/sup> 2024<\/p>\n

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

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

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

Does December’s Weakness Signal a Bear Market Ahead? Tom Bowley<\/b><\/p>\n

Does December’s Weakness Signal a Bear Market Ahead? \u2013 YouTube<\/a><\/p>\n

Setup for equities this year is a little harder than ’24, says Hightower’s Stephanie Link<\/b><\/p>\n

Setup for equities this year is a little harder than ’24, says Hightower’s Stephanie Link \u2013 YouTube<\/a><\/p>\n

3 More Months Until it Begins…<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=jy53X-r59JM<\/a><\/p>\n

Is This ADX Pattern a Warning Sign for Investors? Joe Rabil<\/b><\/p>\n

Is This ADX Pattern a Warning Sign for Investors? \u2013 YouTube<\/a><\/p>\n

Top stock picks and market outlook for 2025: CIBC market technician, Sid Mokhtari<\/b><\/p>\n

Top stock picks and market outlook for 2025 \u2013 YouTube<\/a><\/p>\n

Wall Street predicts slower S&P 500 growth in 2025. Here’s why.<\/b><\/p>\n

Wall Street predicts slower S&P 500 growth in 2025. Here’s why. \u2013 YouTube<\/a><\/p>\n

Navigating a volatile start to 2025<\/b><\/p>\n

Navigating a volatile start to 2025 \u2013 YouTube<\/a><\/p>\n

S&P 500 Momentum Barometers<\/strong><\/font><\/p>\n

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The intermediate term Barometer dropped 2.20 to a 14 month low at 18.80. It remains Oversold. Daily trend is down.<\/p>\n

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The long term Barometer dropped 1.00 to 55.00. It remains Neutral.<\/p>\n

P.S. Short term (20 day) Barometer added 0.60 to 10.80.<\/em><\/p>\n

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

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The intermediate term Barometer advanced 8.52 to 42.60. It changed from Oversold to Neutral on a move above 40.00. Daily trend has turned up. <\/p>\n

\"clip_image018\"<\/a><\/p>\n

The long term Barometer advanced 4.04 to 64.13. It remains Overbought.<\/p>\n

P.S. Short term (20 day) Barometer jumped 9.87 to 39.01.<\/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 Friday January 3rd U.S. equity index futures were higher this morning. S&P 500 futures were up 20 points at 8:30 AM EST. United States Steel dropped $2.60 to $30.00 following reports that President Biden is set to block its takeover by Nippon Steel. Chewy added $0.88 to $34.75 after Wolfe Research upgraded […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-182509","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/182509","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=182509"}],"version-history":[{"count":1,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/182509\/revisions"}],"predecessor-version":[{"id":182510,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/182509\/revisions\/182510"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=182509"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=182509"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=182509"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}