{"id":183184,"date":"2025-01-29T19:25:56","date_gmt":"2025-01-30T00:25:56","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=183184"},"modified":"2025-01-30T08:50:25","modified_gmt":"2025-01-30T13:50:25","slug":"tech-talk-for-thursday-january-30th-2025","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2025\/01\/29\/tech-talk-for-thursday-january-30th-2025\/","title":{"rendered":"Tech Talk for Thursday January 30th 2025"},"content":{"rendered":"

Pre-opening Comments for Thursday January 30th<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were higher this morning<\/b>. S&P 500 futures were up 15 points at 8:35 AM EST.<\/em><\/p>\n

S&P 500 futures were unchanged following release of the fourth quarter U.S. GDP<\/b> report. Consensus was growth at a 2.7% annual rate versus growth at a 3.1% rate in the third quarter. Actual was growth at a 2.3% rate.<\/em><\/p>\n

Meta<\/b> advanced $7.51 to $684 after reporting higher than consensus fourth quarter results.<\/em><\/p>\n

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IBM<\/b> gained $11.44 to $240.07 after reporting higher than consensus fourth quarter earnings.<\/em> <\/p>\n

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Tesla <\/b>advanced $17.90 to $407.00 despite reporting less than consensus fourth quarter revenues and earnings. The company also announced progress on its proposed Robotaxi business.<\/em><\/p>\n

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Microsoft <\/b>fell $15.33 to $427.00 despite reporting higher than consensus fiscal second quarter earnings. Its cloud computing business grew at a less than consensus rate.<\/em><\/p>\n

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EquityClock\u2019s Stock Market Outlook for January 30th<\/sup><\/strong><\/font><\/em><\/p>\n

Into the end of last year, businesses and consumers were seen front running some of Trump\u2019s policies pertaining to tariffs and the elimination of remote work. See:<\/em><\/b><\/p>\n

https:\/\/equityclock.com\/2025\/01\/29\/stock-market-outlook-for-january-30-2025\/<\/em><\/a><\/p>\n

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

Responses to FOMC Decision on interest rates<\/strong><\/font><\/p>\n

The FOMC decided to maintain its Fed Fund Rate at 4.25%-4.50%. Reponses in key markets after the 2:00 PM EST announcement were as follows:<\/p>\n

S&P 500 Index<\/b> initially dropped, but subsequently recovered after the conference call at 2:30 PM EST.<\/p>\n

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The U.S. Dollar Index<\/b> initially moved higher after 2:00 PM EST, but closed at a slight gain.<\/p>\n

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Yield on 10 year Treasuries<\/b> initially moved higher after 2:00 PM EST, but closed virtually unchanged<\/p>\n

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ETFs on major U.S. Banks<\/b> (KBE) and regional banks<\/b> moved lower after 2:00 PM EST, but recovered to close with small loses. <\/p>\n

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Response to Bank of Canada\u2019s Decision on interest rates<\/strong><\/font><\/p>\n

The Bank of Canada lowered its interest rate to major Canadian Banks from 3.25% to 3.00%. After a press conference at 10:30 AM EST, the Canadian Dollar recovered from US69.14 cents to 69.33 cents by 4:00 PM EST.<\/p>\n

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Canada\u2019s equal weight banks ETF (ZEB.TO) initially were unchanged after 10:30 AM EST, dipped lower on the FOMC announcement at 2:00 PM, but closed virtually unchanged.<\/p>\n

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

S&P\/TSX Financial Services iShares<\/b> $XFN.TO moved above Cdn$61.21 to an all-time high extending an intermediate uptrend. <\/p>\n

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Starbucks<\/b> $SBUX a Dow Jones Industrial Average stock moved above $103.22 extending an intermediate uptrend. The company reported better than consensus fourth quarter results. <\/p>\n

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ADP<\/b> $ADP a NASDAQ 100 stock moved above $308.03 to an all-time high extending an intermediate uptrend. <\/p>\n

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Brookfield <\/b>$BN.TO a TSX 60 stock moved above Cdn87.67 to an all-time high extending an intermediate uptrend. <\/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 29th<\/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 29th<\/sup> 2025<\/p>\n

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

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

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

Daily Seasonal\/Technical Sector Trends for January 29th<\/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

Still BULLISH NVDA Despite DeepSeek?<\/b><\/p>\n

Still BULLISH NVDA Despite DeepSeek? \u2013 YouTube<\/a><\/p>\n

Expect a ‘recession scare’ before this year is over, says Jim Paulsen<\/b><\/p>\n

Expect a ‘recession scare’ before this year is over, says Jim Paulsen \u2013 YouTube<\/a><\/p>\n

Quantum Computing Stocks You NEED to See: Joe Rabil<\/b><\/p>\n

Quantum Computing Stocks You NEED to See \u2013 YouTube<\/a><\/p>\n

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

\"clip_image019\"<\/a><\/p>\n

The intermediate term Barometer dropped 3.20 to 51.40. It remains Neutral.<\/p>\n

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The long term Barometer dropped 2.00 to 61.40. It remains Overbought.<\/p>\n

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

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The intermediate term Barometer dropped 1.80 to 40.99. It remains Neutral. Daily trend has turned down. <\/p>\n

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The long term Barometer added 1.35 to 65.77. 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 Thursday January 30th U.S. equity index futures were higher this morning. S&P 500 futures were up 15 points at 8:35 AM EST. S&P 500 futures were unchanged following release of the fourth quarter U.S. GDP report. Consensus was growth at a 2.7% annual rate versus growth at a 3.1% rate in the […]<\/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-183184","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/183184","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=183184"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/183184\/revisions"}],"predecessor-version":[{"id":183194,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/183184\/revisions\/183194"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=183184"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=183184"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=183184"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}