{"id":182860,"date":"2025-01-16T21:05:34","date_gmt":"2025-01-17T02:05:34","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=182860"},"modified":"2025-01-17T08:48:51","modified_gmt":"2025-01-17T13:48:51","slug":"tech-talk-for-friday-january-17th-2025","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2025\/01\/16\/tech-talk-for-friday-january-17th-2025\/","title":{"rendered":"Tech Talk for Friday January 17th 2025"},"content":{"rendered":"

Next Tech Talk report is scheduled to be released on Tuesday January 21st<\/sup>. U.S. equity markets are closed on Monday and trading activity on Canadian exchanges is expected to be lower than average. <\/p>\n

Pre-opening Comments for Friday January 17th<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were higher this morning<\/b>. S&P 500 futures were up 43 points at 8:30 AM EST.<\/em><\/p>\n

S&P 500 futures added 6 points following release of December U.S. Housing Starts<\/b> at 8:30 AM EST. Consensus was 1.330 million units versus 1.289 million units in November. Actual was 1.500 million units.<\/em><\/p>\n

SLB<\/b> added $0.80 to $41.89 after reporting higher than consensus fourth quarter revenue and earnings. The company also launched a $2.3 billion share buyback program.<\/em><\/p>\n

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

Fastenal <\/b>dropped $3.78 to $70.99 after reporting less than consensus fourth quarter earnings.<\/em><\/p>\n

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

Qorvo <\/b>advanced $4.55 to $78.14 after an activist investor has built a stake in the stock.<\/em><\/p>\n

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

JB Hunt<\/b> dropped $16.71 to $169.49 after reporting less than consensus fourth quarter revenues.<\/em><\/p>\n

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EquityClock\u2019s Stock Market Outlook for January 17th<\/sup><\/strong><\/font><\/em><\/p>\n

The weakest calendar year performance for Food Services and Drinking Place sales in a non-recessionary period highlights a consumer that has tightened their grip on their finances. See:<\/em><\/b><\/p>\n

https:\/\/equityclock.com\/2025\/01\/16\/stock-market-outlook-for-january-17-2025\/<\/em><\/a><\/p>\n

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

Brrrr, it\u2019s cold out there! Natural Gas ETN<\/b> HNU.TO moved above Cdn$50.28 to a seven month high. Natural Gas ETN UNG moved above US$19.48.<\/p>\n

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

Italy iShares<\/b> $EWI moved above $37.33 setting an intermediate uptrend. <\/p>\n

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

U.S. Medical Devices iShares<\/b> $IHI moved above $61.17 extending an intermediate uptrend.<\/p>\n

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

JP Morgan Chase<\/b> $JPM a Dow Jones Industrial Average stock moved above $253.00 to an all-time high. Reported higher than consensus fourth quarter results!<\/p>\n

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

Goldman Sachs<\/b> $GS a Dow Jones Industrial Average stock moved above $611.91 to an all-time high extending an intermediate uptrend. <\/p>\n

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

\"traders<\/a><\/font><\/p>\n

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

Daily Seasonal\/Technical Equity Trends for January 16th<\/sup> 2025<\/p>\n

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

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 16th<\/sup> 2025<\/p>\n

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

<\/b><\/p>\n

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 16th<\/sup> 2025<\/p>\n

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

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

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

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

Stocks Ignite as Inflation Fears FADE Away! Tom Bowley<\/b><\/p>\n

Stocks Ignite as Inflation Fears FADE Away! \u2013 YouTube<\/a><\/p>\n

See oil price risks skew to the upside in the near-term, says Goldman Sachs’ Samantha Dart<\/b><\/p>\n

See oil price risks skew to the upside in the near-term, says Goldman Sachs’ Samantha Dart \u2013 YouTube<\/a><\/p>\n

Top stock picks from Michele Schneider<\/b><\/p>\n

Top stock picks from Michele Schneider \u2013 YouTube<\/a><\/p>\n

Market Update – Balancing Caution and Optimism Navigating 2025\u2019s Market Dynamics<\/b><\/p>\n

Market Update – Balancing Caution and Optimism Navigating 2025\u2019s Market Dynamics \u2013 YouTube<\/a><\/p>\n

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

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

The intermediate term Barometer advanced another 5.60 to 38.20. It remains Oversold. Daily trend is up.<\/p>\n

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

The long term Barometer added another 2.40 to 60.40. It changed from Neutral to Overbought on a move above 60.00.<\/p>\n

P.S. Short term (20 day) Barometer vaulted another 11.40 to 67.40. It changed from Neutral to Overbought. Low was set on December 19th<\/sup> at 7.80.<\/p>\n

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

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

The intermediate term Barometer added 1.06 to 36.94. It remains Oversold.<\/p>\n

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

The long term Barometer added 0.28 to 63.06. It remains Overbought.<\/p>\n

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

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

Next Tech Talk report is scheduled to be released on Tuesday January 21st. U.S. equity markets are closed on Monday and trading activity on Canadian exchanges is expected to be lower than average. Pre-opening Comments for Friday January 17th U.S. equity index futures were higher this morning. S&P 500 futures were up 43 points at […]<\/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-182860","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/182860","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=182860"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/182860\/revisions"}],"predecessor-version":[{"id":182870,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/182860\/revisions\/182870"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=182860"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=182860"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=182860"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}