{"id":183227,"date":"2025-01-30T19:47:17","date_gmt":"2025-01-31T00:47:17","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=183227"},"modified":"2025-01-31T08:53:59","modified_gmt":"2025-01-31T13:53:59","slug":"tech-talk-for-friday-january-31st-2025","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2025\/01\/30\/tech-talk-for-friday-january-31st-2025\/","title":{"rendered":"Tech Talk for Friday January 31st 2025"},"content":{"rendered":"

Pre-opening Comments for Friday January 31st<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were higher this morning<\/b>. S&P 500 futures added 24 points at 8:35 AM EST.<\/em><\/p>\n

S&P 500 futures slipped 4 points following release of economic news at 8:30 AM EST. Consensus for the December Core PCE Price Index<\/b> was a 0.2% increase versus a 0.1% gain in November. Actual was a 0.2% gain. December U.S. Personal Income<\/b> was expected to increase 0.4% versus a 0.3% gain in November. Actual was a 0.4% gain. December U.S. Personal Spending<\/b> was expected to increase 0.4% versus a 0.4% gain in November. Actual was a 0.6% increase.<\/em><\/p>\n

The Canadian Dollar slipped 0.07 to 69.07 following release of Canada\u2019s November GDP<\/b> at 8:30 AM EST. Consensus was a 0.1% ease versus a 0.3% increase in October. Actual was a 0.2% drop.<\/em><\/p>\n

Celestica <\/b>advanced $20.79 to US$165.78 after reporting higher than consensus fourth quarter revenues. <\/em><\/p>\n

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Altassian<\/b> gained $51.05 to $318.00 after reporting higher than consensus fourth quarter revenues.<\/em><\/p>\n

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Apple <\/b>added $7.66 to $244.75 <\/b>after offering positive guidance.<\/em><\/p>\n

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EquityClock\u2019s Stock Market Outlook for January 31st<\/sup><\/strong><\/font><\/em><\/p>\n

Signs of complacency in the market continue to emerge. See: <\/em><\/b><\/p>\n

https:\/\/equityclock.com\/2025\/01\/30\/stock-market-outlook-for-january-31-2025\/<\/em><\/a><\/p>\n

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

Spot Gold futures <\/b>moved above US$2,801.80 per ounce to an all-time high extending an intermediate uptrend. Gold bullion<\/b> SPDRs<\/b> $GLD moved above $257.71 to an all-time high extending an intermediate uptrend. Gold Miners ETF<\/b> $GDX moved above intermediate resistance at $38.72. Notable among gold stock gainers was Franco-Nevada<\/b> $FDX.TO on a move above Cdn$190.77 and US$137.20<\/p>\n

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S&P 100 and NASDAQ 100 stocks <\/b>breaking above intermediate resistance extending an uptrend included IBM<\/b> on a move above $239.35 to an all-time high, Check Point<\/b> on a move above $210.70 to an all-time high, Roper Technologies<\/b> on a move above $579.15 to an all-time high, Lululemon <\/b>$LULU on a move above $420.21, Charles Schwab<\/b> on a move above $83.35 <\/p>\n

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S&P 100 stocks moving below support setting intermediate downtrends included Comcast, FedEx and UPS<\/b><\/p>\n

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Thomson Reuters <\/b>$TRI.TO a TSX 60 stock moved above Cdn$243.42 to an all-time high extending an intermediate uptrend. <\/p>\n

TSX Composite Index<\/b> moved above 25,843.20 to an all-time high extending an intermediate uptrend<\/p>\n

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Shopify <\/b>$SHOP.TO a TSX 60 stock moved above Cdn$171.84 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 30th<\/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 30th<\/sup> 2025<\/p>\n

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

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

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

Daily Seasonal\/Technical Sector Trends for January 30th<\/sup> 2025<\/p>\n

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

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

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

Watch for These Bear Market WARNING Signs! Tom Bowley<\/b><\/p>\n

Watch for These Bear Market WARNING Signs! \u2013 YouTube<\/a><\/p>\n

Market Outlook After Big Tech "Mixed Bag," Unchanged Fed Rate: Schwab Network<\/b><\/p>\n

Market Outlook After Big Tech "Mixed Bag," Unchanged Fed Rate \u2013 YouTube<\/a><\/p>\n

Biggest Risks to the Market: Mike Wilson on First Half Volatility: Guy Adami, Dan Nathan and Mike Wilson<\/b><\/p>\n

Biggest Risks to the Market: Mike Wilson on First Half Volatility \u2013 YouTube<\/a><\/p>\n

CHART THIS with David Keller, CMT Thursday 1\/30\/25<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=Uk0B6JsXTbc<\/a><\/p>\n

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

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The intermediate term Barometer added 5.40 to 56.80. It remains Neutral.<\/p>\n

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The long term Barometer added 2.60 to 64.00. It remains Overbought.<\/p>\n

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

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The intermediate term Barometer added 6.31 to 47.30. It remains Neutral<\/p>\n

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The long term Barometer added 2.70 to 68.47. 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 Friday January 31st U.S. equity index futures were higher this morning. S&P 500 futures added 24 points at 8:35 AM EST. S&P 500 futures slipped 4 points following release of economic news at 8:30 AM EST. Consensus for the December Core PCE Price Index was a 0.2% increase versus a 0.1% gain […]<\/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-183227","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/183227","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=183227"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/183227\/revisions"}],"predecessor-version":[{"id":183235,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/183227\/revisions\/183235"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=183227"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=183227"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=183227"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}