{"id":183018,"date":"2025-01-23T22:41:57","date_gmt":"2025-01-24T03:41:57","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=183018"},"modified":"2025-01-24T08:40:50","modified_gmt":"2025-01-24T13:40:50","slug":"tech-talk-for-friday-january-24th-2025","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2025\/01\/23\/tech-talk-for-friday-january-24th-2025\/","title":{"rendered":"Tech Talk for Friday January 24th 2025"},"content":{"rendered":"

Pre-opening Comments for Friday January 24th<\/sup><\/strong><\/font><\/em><\/p>\n

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

Boeing<\/b> dropped $4.50 to $174.00 after the company pre-reported a large fourth quarter write down<\/em><\/p>\n

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Texas Instruments<\/b> dropped $7.61 to $193.00 after issuing a first quarter earnings forecast below consensus.<\/em><\/p>\n

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Intuitive Surgical<\/b> dropped $13.63 to $595.03 despite reporting strong fourth quarter results. The company also offered first quarter guidance below consensus. <\/em><\/p>\n

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CSX<\/b> dropped $1.28 to $32.39 after reporting less than consensus fourth quarter revenues.<\/em><\/p>\n

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EquityClock\u2019s Stock Market Outlook for January 24th<\/sup><\/strong><\/font><\/em><\/p>\n

Energy remains setup well at this seasonally strong time of year. See:<\/em><\/b><\/p>\n

https:\/\/equityclock.com\/2025\/01\/23\/stock-market-outlook-for-january-24-2025\/<\/em><\/a><\/p>\n

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

Europe iShares<\/b> $IEV moved above intermediate resistance at $54.95. Intermediate trend changed from down to neutral.<\/p>\n

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Aerospace & Defense iShares<\/b> $ITA moved above $157.54 to an all-time high extending an intermediate uptrend. According to www.EquityClock.com<\/a> seasonal influences are favourable until February 21st<\/sup>. See:<\/p>\n

https:\/\/charts.equityclock.com\/ishares-u-s-aerospace-defense-etf-nyseita-seasonal-chart<\/a><\/p>\n

Note that Boeing, a major component of this ETF, pre-reported a huge fourth quarter write down after the close last night. Look for ITA to open lower<\/p>\n

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Invesco Global Private Equity<\/b> ETF <\/b>$PSP (Think financial engineering companies such as KKR) moved above $70.70 to an all-time high extending an intermediate uptrend. According to www.EquityClock.com<\/a> seasonal influences are favourable until February 21st<\/sup><\/p>\n

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U.S. Telecommunications iShares<\/b> $IYZ moved above $28.14 to a three year high extending an intermediate uptrend. <\/p>\n

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S&P 100 and NASDAQ 100 stocks breaking to multi-year highs <\/b>included General Electric Aerospace<\/b> on a move above $194.48, Abbott Labs<\/b> on a move above $120.37, Marvell Technology<\/b> on a move above $126.09 and Door Dash<\/b> on a move above $181.30. <\/p>\n

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Electronic Arts<\/b> $EA a NASDAQ 100 stock moved below $138.42 and $124.44 after reporting less than consensus quarterly results. <\/p>\n

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WSP Global<\/b> $WSP.TO a TSX 60 stock moved above Cdn$259.22 to an all-time high extending an intermediate uptrend. According to www.EquityClock.com<\/a> seasonal influences are favourable until March 7th<\/sup>.<\/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 23rd<\/sup> 2025<\/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 23rd<\/sup> 2025<\/p>\n

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

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

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

Daily Seasonal\/Technical Sector Trends for January 23rd<\/sup> 2025<\/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<\/font><\/p>\n

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

Technology SOARS to All-Time High on Stargate News: Tom Bowley. Note seasonality comments.<\/b><\/p>\n

Technology SOARS to All-Time High on Stargate News \u2013 YouTube<\/a><\/p>\n

CHART THIS: AI-Fueled Growth Rally Pushes SPX Back to 6100! (1\/22\/25) Dave Keller<\/b><\/p>\n

CHART THIS: AI-Fueled Growth Rally Pushes SPX Back to 6100! (1\/22\/25) \u2013 YouTube<\/a><\/p>\n

Fernandez: Markets will be volatile and changeable in the first half of the year<\/b><\/p>\n

Fernandez: Markets will be volatile and changeable in the first half of the year \u2013 YouTube<\/a><\/p>\n

Big Tech Earnings Preview with Dan Niles: Meta, Amazon, Apple, Microsoft<\/b><\/p>\n

Big Tech Earnings Preview with Dan Niles: Meta, Amazon, Apple, Microsoft \u2013 YouTube<\/a><\/p>\n

Trump 2.0 Economy: Stubborn Inflation, Tariff Uncertainty & Big Tech Spending: Liz Ann Sonders on Schwab Network<\/b><\/p>\n

Trump 2.0 Economy: Stubborn Inflation, Tariff Uncertainty & Big Tech Spending \u2013 YouTube<\/a><\/p>\n

Trump tariffs could have a massive impact on precious metal prices, but not the way many expect: Bart Melek at TD Securities<\/b><\/p>\n

https:\/\/www.kitco.com\/news\/article\/2025-01-22\/trump-tariffs-could-have-massive-impact-precious-metals-prices-not-way-many<\/a><\/p>\n

Tech momentum into Q4 earnings: CNBC<\/b><\/p>\n

Tech momentum into Q4 earnings \u2013 YouTube<\/a><\/p>\n

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

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The intermediate term Barometer added 3.60 to 53.00. It remains Neutral.<\/p>\n

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The long term Barometer was unchanged at 62.00. It remains Overbought.<\/p>\n

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

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The intermediate term Barometer added 4.50 to 52.25. It remains Neutral. Daily trend is up.<\/p>\n

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The long term Barometer added 1.35 to 68.02. It remains Overbought. Daily trend is up.<\/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 24th U.S. equity index futures were lower this morning. S&P 500 futures were down 8 points at 8:30 AM EST. Boeing dropped $4.50 to $174.00 after the company pre-reported a large fourth quarter write down Texas Instruments dropped $7.61 to $193.00 after issuing a first quarter earnings forecast below consensus. […]<\/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-183018","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/183018","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=183018"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/183018\/revisions"}],"predecessor-version":[{"id":183028,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/183018\/revisions\/183028"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=183018"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=183018"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=183018"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}