{"id":182618,"date":"2025-01-07T18:18:20","date_gmt":"2025-01-07T23:18:20","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=182618"},"modified":"2025-01-08T08:54:25","modified_gmt":"2025-01-08T13:54:25","slug":"tech-talk-for-wednesday-january-8th-2025","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2025\/01\/07\/tech-talk-for-wednesday-january-8th-2025\/","title":{"rendered":"Tech Talk for Wednesday January 8th 2025"},"content":{"rendered":"

Pre-opening Comments for Wednesday January 8th<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were higher this morning<\/b>. S&P 500 futures were up 7 points at 8:30 AM EST.<\/em><\/p>\n

American Airlines<\/b> AAR gained $3.76 to $65.51 after reporting higher than consensus second quarter revenues and earnings. <\/em><\/p>\n

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

Cal-Maine<\/b> advanced $5.30 to $108.98 after reporting higher than consensus fiscal second quarter revenues and profits.<\/em><\/p>\n

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

Flutter<\/b> dropped $6.86 to 245.00 after issuing an earnings and revenue warning. <\/em><\/p>\n

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

EquityClock\u2019s Stock Market Outlook for January 8th<\/sup><\/strong><\/font><\/em><\/p>\n

If seasonal norms for post-election years hold true, we could be in store for another couple of months of dollar and yield strength, presenting a headwind against equity prices. See:<\/em><\/b><\/p>\n

https:\/\/equityclock.com\/2025\/01\/07\/stock-market-outlook-for-january-8-2025\/<\/em><\/a><\/p>\n

Next Tech Talk report<\/strong><\/font><\/em><\/p>\n

Next report is released on Friday. U.S. equity markets are closed tomorrow and news impacting Canadian equity markets is expected to be minimal.<\/em> <\/p>\n

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

Nvidia <\/b>$NVDA an S&P 100 stock moved above $152.88 to an all-time high extending an intermediate uptrend. The stock subsequently came under profit taking pressures.<\/p>\n

\"clip_image001\"<\/a><\/p>\n

Adobe<\/b> $ADBE an S&P 100 stock moved below $413.97 to an 18 month low extending an intermediate downtrend.<\/p>\n

\"clip_image002\"<\/a><\/p>\n

Keurig Dr. Pepper<\/b> $KDP a NASDAQ 100 stock moved below $30.68 extending an intermediate downtrend.<\/p>\n

\"clip_image003\"<\/a><\/p>\n

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

\"clip_image005\"<\/a><\/p>\n

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

Daily Seasonal\/Technical Equity Trends for January 7th<\/sup> 024<\/p>\n

\"clip_image007\"<\/a><\/p>\n

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 7th<\/sup> 2024<\/p>\n

\"clip_image009\"<\/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 7th<\/sup> 2024<\/p>\n

\"clip_image011\"<\/a><\/p>\n

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

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

Chart of the Day: U.S. Gold Bullion (GLD)<\/strong><\/font><\/p>\n

Technical score increased from 0 to 4 when strength relative to the S&P 500 changed from Neutral to Positive and units moved above their 20 day moving average. Seasonal influences are Positive until April 27th<\/sup>.<\/p>\n

\"clip_image012\"<\/a><\/p>\n

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

Double Trouble: TSLA and AAPL Downgrades: Schwab Network<\/b><\/p>\n

Double Trouble: TSLA and AAPL Downgrades \u2013 YouTube<\/a><\/p>\n

Healthy year for market returns despite volatility: BMO Private Wealth strategist<\/b><\/p>\n

Healthy year for market returns despite volatility: strategist \u2013 YouTube<\/a><\/p>\n

Canadian dollar outlook amid political uncertainty: Strategist at Macquarie<\/b><\/p>\n

Canadian dollar outlook amid political uncertainty \u2013 YouTube<\/a><\/p>\n

Is Nvidia Nearing "The Danger Zone?" Guy Adami and Dan Nathan<\/b><\/p>\n

Note comments on Nvidia, Apple and Tesla<\/b><\/p>\n

Is Nvidia Nearing "The Danger Zone?" \u2013 YouTube<\/a><\/p>\n

Why natural gas may become a popular theme in 2025: Barometer Capital<\/b><\/p>\n

Why natural gas may become a popular theme in 2025 \u2013 YouTube<\/a><\/p>\n

CHART THIS with David Keller, CMT Tuesday 1\/7\/25<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=hla0aLR6sTY<\/a><\/p>\n

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

\"clip_image013\"<\/a><\/p>\n

The intermediate term Barometer was unchanged at 24.40. It remains Oversold.<\/p>\n

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

The long term Barometer slipped 0.80 to 53.80. It remains Neutral.<\/p>\n

Short term (20 day) Barometer added 0.20 to 27.00. It remains Oversold. Daily trend remains up.<\/p>\n

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

\"clip_image015\"<\/a><\/p>\n

The intermediate term Barometer dropped 3.59 to 38.12. It changed back from Neutral to Oversold on a return below 40.00.<\/p>\n

\"clip_image016\"<\/a><\/p>\n

The long term Barometer was unchanged at 65.92. It remains Overbought.<\/p>\n

P.S. The short term (20 day) Barometer dropped 4.04 to 41.70. It remains Neutral.<\/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 Wednesday January 8th U.S. equity index futures were higher this morning. S&P 500 futures were up 7 points at 8:30 AM EST. American Airlines AAR gained $3.76 to $65.51 after reporting higher than consensus second quarter revenues and earnings. Cal-Maine advanced $5.30 to $108.98 after reporting higher than consensus fiscal second quarter […]<\/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-182618","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/182618","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=182618"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/182618\/revisions"}],"predecessor-version":[{"id":182626,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/182618\/revisions\/182626"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=182618"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=182618"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=182618"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}