{"id":182659,"date":"2025-01-09T21:11:48","date_gmt":"2025-01-10T02:11:48","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=182659"},"modified":"2025-01-10T09:03:57","modified_gmt":"2025-01-10T14:03:57","slug":"tech-talk-for-friday-january-10th-2025","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2025\/01\/09\/tech-talk-for-friday-january-10th-2025\/","title":{"rendered":"Tech Talk for Friday January 10th 2025"},"content":{"rendered":"

Pre-opening Comments for Friday January 10th<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were lower this morning.<\/b> S&P 500 futures were down 60 points at 8:35 AM EST<\/em><\/p>\n

U.S. equity index futures plunged 62 points following release of the U.S. December Employment Report<\/b> at 8:30 AM EST. Consensus for December Non-farm Payrolls<\/b> was a gain of 150,000 from downwardly revised 212,000 in November. Actual was a 256,000 gain. Consensus for the December Unemployment Rate<\/b> was unchanged from November at 4.2%. Actual was a drop to 4.1%. Consensus for December Average Hourly Earnings<\/b> was an increase 0.3% versus a 0.4% gain in November. Actual was a 0.3% gain. On a year-over-year basis, consensus for December Average Hourly Earnings<\/b> was unchanged at a 4.0% increase. Actual was a 3.9% increase.<\/em><\/p>\n

The Canadian Dollar dropped 0.11 to US69.27 cents<\/b> following release of the November employment report.<\/b> Consensus was an employment increase of 25,000. Actual was an increase of 91,000. Consensus for the November Unemployment Rate was an increase of 0.1 to 6.9%. Actual was a decrease of 0.1 to 6.7%. <\/em><\/p>\n

Constellation Energy<\/b> advanced $21.66 to $265.50 after announcing a deal to purchase Calpine for $26.6 billion.<\/em><\/p>\n

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Property insurance stocks offering fire insurance coverage in the Los Angeles area were sharply lower. Allstate <\/b>dropped $11.86 to $179.94, Chubb<\/b> dropped $9.15 to $257.50 and Travelers<\/b> dropped $10.27 to $232.50<\/em>.<\/p>\n

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EquityClock\u2019s Stock Market Outlook for January 10th<\/sup><\/strong><\/font><\/em><\/p>\n

Last year, both initial and continued jobless claims showed the highest level for the end of December since 2020, showing an abnormal calendar year increase that is reminiscent of a pre-recessionary period. See:<\/em><\/b><\/p>\n

https:\/\/equityclock.com\/2025\/01\/08\/stock-market-outlook-for-january-10-2025\/<\/em><\/a><\/p>\n

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

Global Water Index ETF<\/b> $CGW moved below $53.82 and $53.34 extending an intermediate downtrend.<\/p>\n

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eBay<\/b> $EBAY a NASDAQ 100 stock moved above $67.52 extending an intermediate uptrend.<\/p>\n

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S&P 100 and NASDAQ 100 stocks<\/b> that broke below support extending an intermediate downtrend included Data General on a move below $71.56, Home Depot on a move below $379.72, Lowe\u2019s on a move below 244.00, Cognizant on a move below $75.16 and American International Group on a move below $69.97.<\/p>\n

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TSX 60 stocks<\/b> breaking below support extending an intermediate downtrend included Bank of Nova Scotia on a move below Cdn$74.88, Sun Life Financial on a move below Cdn$83.76 and Saputo on a move below Cdn$24.78.<\/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 8th<\/sup> 2025<\/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 January 8th<\/sup> 2025<\/p>\n

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

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

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

Daily Seasonal\/Technical Sector Trends for January 8th<\/sup> and January 9th<\/sup> 2025<\/p>\n

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

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

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

Technical score increased from 2 to 6 after strength relative to the S&P 500 improved to Positive from Neutral and the Index moved above its 20 day moving average. Includes chart for January 9th<\/sup>. Seasonal influences are Positive until March 3rd<\/sup><\/p>\n

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

THIS is the BEST Market Sector Right Now! Julius de Kempenaer<\/b><\/p>\n

THIS is the BEST Market Sector Right Now! \u2013 YouTube<\/a><\/p>\n

Equity market risks in 2025: Brian Madden<\/b><\/p>\n

Equity market risks in 2025 \u2013 YouTube<\/a><\/p>\n

Walser: Global Pullback Coming, U.S. Under Trump 2.0 & the "Debt Spiral"<\/b><\/p>\n

Walser: Global Pullback Coming, U.S. Under Trump 2.0 & the "Debt Spiral" \u2013 YouTube<\/a><\/p>\n

What a new government will mean for the loonie<\/b><\/p>\n

What a new government will mean for the loonie \u2013 YouTube<\/a><\/p>\n

Morgan Stanley’s Mike Wilson Expects Choppy First Half of 2025<\/b><\/p>\n

Morgan Stanley’s Mike Wilson Expects Choppy First Half of 2025 \u2013 YouTube<\/a><\/p>\n

This year will be about AI software and power, says iCapital’s Anastasia Amoroso<\/b><\/p>\n

This year will be about AI software and power, says iCapital’s Anastasia Amoroso \u2013 YouTube<\/a><\/p>\n

Top Five Stocks and ETFs I’m Watching in Q1 2025! David Keller<\/b><\/p>\n

Top Five Stocks and ETFs I’m Watching in Q1 2025! \u2013 YouTube<\/a><\/p>\n

CHART THIS with David Keller, CMT Wednesday 1\/8\/25<\/b><\/p>\n

$TSX | SharpCharts | StockCharts.com<\/a><\/p>\n

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

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The intermediate term Barometer added another 1.80 to 26.20. It remains Oversold. Daily trend has turned up.<\/p>\n

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The long term Barometer added 1.40 to 55.20. It remains Neutral.<\/p>\n

P.S. The short term (20 day) Barometer added another 5.00 to 32.00 after bottoming at 7.80 on December 19th<\/sup><\/em><\/p>\n

<\/sup><\/p>\n

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

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The intermediate term Barometer added 2.24 to 40.36. It returned to Neutral from Oversold on a recovery above 40.00.<\/p>\n

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The long term Barometer added 0.45 to 66.37. It remains Overbought.<\/p>\n

P.S. Short term (20 day) Barometer added 2.69 to 44.39. It remains Neutral.<\/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 10th U.S. equity index futures were lower this morning. S&P 500 futures were down 60 points at 8:35 AM EST U.S. equity index futures plunged 62 points following release of the U.S. December Employment Report at 8:30 AM EST. Consensus for December Non-farm Payrolls was a gain of 150,000 from […]<\/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-182659","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/182659","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=182659"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/182659\/revisions"}],"predecessor-version":[{"id":182667,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/182659\/revisions\/182667"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=182659"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=182659"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=182659"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}