{"id":182585,"date":"2025-01-06T20:45:20","date_gmt":"2025-01-07T01:45:20","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=182585"},"modified":"2025-01-07T08:55:33","modified_gmt":"2025-01-07T13:55:33","slug":"tech-talk-for-tuesday-january-7th-2025","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2025\/01\/06\/tech-talk-for-tuesday-january-7th-2025\/","title":{"rendered":"Tech Talk for Tuesday January 7th 2025"},"content":{"rendered":"

Pre-opening Comments for Tuesday January 7th<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were higher this morning<\/b>. S&P 500 futures were up 10 points at 8:35 AM EST.<\/em><\/p>\n

S&P 500 Index futures were unchanged following release of the November U.S. Trade Deficit Report<\/b> at 8:30 AM EST. Consensus called for a $78.40 billion deficit versus a $73.80 billion deficit in October. Actual was a $78.2 billion deficit.<\/em><\/p>\n

NVidia<\/b> advanced $3.71 to an all-time high at $153.00 following a presentation by the company last night at the Consumer Electronics Show offering guidance.<\/em> <\/p>\n

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Carvana <\/b>gained $7.64 to $196.49 after Royal Bank upgraded the stock from Sector Perform to Outperform<\/em><\/p>\n

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Tesla <\/b>dropped $7.75 to $403.30 after Bank of America downgraded the stock from Buy to Hold.<\/em><\/p>\n

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EquityClock\u2019s Stock Market Outlook for January 7th<\/sup><\/strong><\/font><\/em><\/p>\n

Continue to scrutinize positions against 20-week moving averages; those deriving resistance at the hurdle warrant mitigating, while those holding it as support warrant a positive bias. See:<\/em><\/b><\/p>\n

https:\/\/equityclock.com\/2025\/01\/06\/stock-market-outlook-for-january-7-2025\/<\/em><\/a><\/p>\n

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

Semiconductor ETF<\/b> $SMH moved above $261.10 extending an intermediate uptrend.<\/p>\n

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Citigroup <\/b>$C an S&P 100 stock moved above $73.38 to a 16 year high extending an intermediate uptrend. <\/p>\n

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Thermo Fisher Scientific<\/b> $TMO an S&P 100 stock moved above $542.00 completing a double bottom pattern.<\/p>\n

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KLA Corp<\/b> $KLAC a NASDAQ 100 stock moved above $670.50 completing a double bottom pattern.<\/p>\n

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S&P 100 and NASDAQ 100 stocks <\/b>moving below support setting intermediate downtrends included Palo Alto Networks<\/b> on move below $178.00, Roper Technologies <\/b>on moves below $513.25 and $506.02, Honeywell<\/b> on a move below $223.16, Raytheon Technologies<\/b> on a move below $114.22, Nike<\/b> on a move below $72.34 and Coca Cola<\/b> on a move below $60.93 <\/p>\n

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Canadian Pacific<\/b> $CP.TO a TSX 60 stock moved above $109.40 completing a double bottom pattern<\/p>\n

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ARC Resources<\/b> $ARX.TO a major Canadian \u201cgassy\u201d stock moved above $27.20 to an all-time high extending an intermediate uptrend. Natural gas futures were up almost 10% yesterday.<\/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 6th<\/sup> 024<\/p>\n

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

Red: Decrease from previous day<\/font><\/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 6th<\/sup> 2024<\/p>\n

\"clip_image014\"<\/a><\/b> <\/i><\/b><\/p>\n

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

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

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

Daily Seasonal\/Technical Sector Trends for January 6th<\/sup> 2024<\/p>\n

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

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

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

Q1 earnings and guidance will be key to market outlooks, says Dan Niles<\/b><\/p>\n

Q1 earnings and guidance will be key to market outlooks, says Dan Niles \u2013 YouTube<\/a><\/p>\n

Earnings expected to be up 12-13% but markets will be choppy, says Strategas’ Jason Trennert<\/b><\/p>\n

Earnings expected to be up 12-13% but markets will be choppy, says Strategas’ Jason Trennert \u2013 YouTube<\/a><\/p>\n

Natural gas production under pressure from cold weather, says Energy Aspect’s Amrita Sen<\/b><\/p>\n

Natural gas production under pressure from cold weather, says Energy Aspect’s Amrita Sen \u2013 YouTube<\/a><\/p>\n

The stage is set for a broadening equity market performance, says Neuberger Berman’s Knutzen<\/b><\/p>\n

The stage is set for a broadening equity market performance, says Neuberger Berman’s Knutzen \u2013 YouTube<\/a><\/p>\n

New Year, Same Rally: Nvidia Leads Stocks Higher: Guy Adami, Dan Nathan<\/b><\/p>\n

New Year, Same Rally: Nvidia Leads Stocks Higher \u2013 YouTube<\/a><\/p>\n

An oil bull market is on the horizon, says Goldman Sachs’ Neil Mehta<\/b><\/p>\n

An oil bull market is on the horizon, says Goldman Sachs’ Neil Mehta \u2013 YouTube<\/a><\/p>\n

Chart of the Day: NASDAQ Composite Index<\/strong><\/font><\/p>\n

Technical score increased from 2 to 6 when the Index moved above its 20 day moving average and strength relative to S&P 500 returned to positive. The Index is responding to favourable news on new technologies announced this week at the Consumer Electronics Show in Las Vegas. <\/p>\n

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

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The intermediate term Barometer slipped 0.40 to 24.40. It remains Oversold.<\/p>\n

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The long term Barometer dropped 1.40 to 54.60. It remains Neutral.<\/p>\n

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

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The intermediate term Barometer dropped 4.48 to 41.70. It remains Neutral.<\/p>\n

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The long term Barometer dropped 1.79 to 65.92. It remains Overbought.<\/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 Tuesday January 7th U.S. equity index futures were higher this morning. S&P 500 futures were up 10 points at 8:35 AM EST. S&P 500 Index futures were unchanged following release of the November U.S. Trade Deficit Report at 8:30 AM EST. Consensus called for a $78.40 billion deficit versus a $73.80 billion […]<\/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-182585","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/182585","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=182585"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/182585\/revisions"}],"predecessor-version":[{"id":182593,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/182585\/revisions\/182593"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=182585"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=182585"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=182585"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}