{"id":183139,"date":"2025-01-28T19:42:32","date_gmt":"2025-01-29T00:42:32","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=183139"},"modified":"2025-01-29T08:52:26","modified_gmt":"2025-01-29T13:52:26","slug":"tech-talk-for-wednesday-january-29th-2025","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2025\/01\/28\/tech-talk-for-wednesday-january-29th-2025\/","title":{"rendered":"Tech Talk for Wednesday January 29th 2025"},"content":{"rendered":"

Pre-opening Comments for Wednesday January 29th<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were lower this morning<\/b>. S&P 500 futures were down 14 points at 8:30 AM EST.<\/em><\/p>\n

Bank of Canada\u2019s Decision on interest rates<\/b> is released at 9:45 AM EST on Wednesday. Consensus calls for a 0.25% drop to 3.00%. Press Conference is offered at 10:30 AM EST<\/em><\/p>\n

FOMC decision on interest rates<\/b> is released at 2:00 PM EST on Wednesday. Consensus calls for no change in the Fed Fund Rate at 4.50%. Press conference is offered at 2:30 AM EST.<\/em><\/p>\n

Starbucks <\/b>added $2.65 to $103.06 after reporting higher than consensus fourth quarter earnings.<\/em><\/p>\n

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Stryker <\/b>dropped $5.25 to $389.90 after reporting less than consensus fourth quarter earnings.<\/em> <\/p>\n

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T-Mobile<\/b> advanced $17.86 to $239.00 after reporting a higher than consensus increase in paid phone additions.<\/em><\/p>\n

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EquityClock\u2019s Stock Market Outlook for January 29th<\/sup><\/strong><\/font><\/em><\/p>\n

Monday\u2019s gap fill is underway. See:<\/em><\/b><\/p>\n

https:\/\/equityclock.com\/2025\/01\/28\/stock-market-outlook-for-january-29-2025\/<\/em><\/a><\/p>\n

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

S&P\/TSE Global Base Metals iShares<\/b> $XBM.TO moved below Cdn$19.40 extending an intermediate downtrend. Notable among base metal stocks moving below support was Southern Copper $SCCO, one of the world\u2019s largest copper miners.<\/p>\n

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S&P 100 and NASDAQ 100 stocks<\/b> breaking resistance extending an intermediate uptrend included Boeing<\/b> on a move above $182.57, Okta<\/b> on a move above $91.43, Raytheon Technologies <\/b>on a move above $128.02 to an all-time high, O\u2019Reilly Automotive<\/b> on a move above $1,283.96 to an all-time high, Royal Caribbean Cruises<\/b> on a move above $258.10 to an all-time high and Accenture<\/b> on a move above $375.74. <\/p>\n

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Texas Instruments<\/b> $TXN an S&P 100 stock moved below $183.35 extending an intermediate downtrend. <\/p>\n

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Lockheed Martin<\/b> $LMT an S&P 100 stock moved below $461.24 extending an intermediate downtrend.<\/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 28th<\/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 28th<\/sup> 2025<\/p>\n

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

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

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

Daily Seasonal\/Technical Sector Trends for January 28th<\/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<\/strong><\/font><\/p>\n

What’s NEXT for Semiconductors After Monday’s SHOCKING Drop? Dave Keller<\/b><\/p>\n

What’s NEXT for Semiconductors After Monday’s SHOCKING Drop? \u2013 YouTube<\/a><\/p>\n

Financials remain our top market sector, says Fundstrat’s Tom Lee<\/b><\/p>\n

Financials remain our top market sector, says Fundstrat’s Tom Lee \u2013 YouTube<\/a><\/p>\n

Nvidia Selloff: Nassim Taleb, Black Swan Author, Says Rout ‘Is the Beginning’<\/b><\/p>\n

Nvidia Selloff: Nassim Taleb, Black Swan Author, Says Rout ‘Is the Beginning’ \u2013 YouTube<\/a><\/p>\n

Why investors should focus on fundamentals amid trade noise; Brian Belski<\/b><\/p>\n

Why investors should focus on fundamentals amid trade noise \u2013 YouTube<\/a><\/p>\n

CHART THIS with David Keller, CMT Tuesday 1\/28\/25<\/b><\/p>\n

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

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

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The intermediate term Barometer dropped 6.60 to 54.60. It changed from Overbought to Neutral on a drop below 60.00.<\/p>\n

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The long term Barometer dropped 2.60 to 63.40. It remains Overbought.<\/p>\n

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

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The intermediate term Barometer slipped 1.80 to 42.79. It remains Neutral.<\/p>\n

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The long term Barometer was unchanged at 64.41. 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 Wednesday January 29th U.S. equity index futures were lower this morning. S&P 500 futures were down 14 points at 8:30 AM EST. Bank of Canada\u2019s Decision on interest rates is released at 9:45 AM EST on Wednesday. Consensus calls for a 0.25% drop to 3.00%. Press Conference is offered at 10:30 AM […]<\/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-183139","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/183139","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=183139"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/183139\/revisions"}],"predecessor-version":[{"id":183147,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/183139\/revisions\/183147"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=183139"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=183139"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=183139"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}