{"id":183303,"date":"2025-02-03T21:33:29","date_gmt":"2025-02-04T02:33:29","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=183303"},"modified":"2025-02-04T08:59:29","modified_gmt":"2025-02-04T13:59:29","slug":"tech-talk-for-tuesday-february-4th-2025","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2025\/02\/03\/tech-talk-for-tuesday-february-4th-2025\/","title":{"rendered":"Tech Talk for Tuesday February 4th 2025"},"content":{"rendered":"

Pre-opening Comments for Tuesday February 4th<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were higher this morning<\/b>. S&P 500 futures were up 5 points at 8:30 AM EST<\/em><\/p>\n

Palantir<\/b> advanced $18.67 after reporting higher than consensus fourth quarter results.<\/em><\/p>\n

\"clip_image001[4]\"<\/em><\/a><\/p>\n

Clorox<\/b> dropped $2.80 to $156.98 after lowering its revenue outlook.<\/em><\/p>\n

\"clip_image002[4]\"<\/em><\/a><\/p>\n

Aecom<\/b> added $2.10 to $105.95 after reporting higher than consensus fiscal first quarter earnings. The company also offered positive guidance.<\/em> <\/p>\n

\"clip_image003[4]\"<\/a><\/p>\n

Merck<\/b> dropped $8.54 to $91.25 after issuing 2025 guidance below consensus. <\/em><\/p>\n

\"clip_image004[4]\"<\/em><\/a><\/p>\n

EquityClock\u2019s Stock Market Outlook for February 4th<\/sup><\/strong><\/font><\/em><\/p>\n

Looking to become more Neutral in portfolio positioning at this seasonally weak time of year. See:<\/em><\/b><\/p>\n

https:\/\/equityclock.com\/2025\/02\/03\/stock-market-outlook-for-february-4-2025\/<\/em><\/a><\/p>\n

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

Auto ETF<\/b> $CARZ moved below $57.04 and $56.36 setting an intermediate downtrend. Responded to Trump\u2019s tariff proposal that could disrupt the U.S. auto industry supply chain.<\/p>\n

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

Lithium ETN<\/b> $LIT moved below support at $30.54 extending an intermediate downtrend.<\/p>\n

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

S&P 100 and NASDAQ 100 <\/b>stocks moving below support extending an intermediate downtrend included Trade Desk, US Bancorp, Illumina, Regeneron, FedEx and NXP Semiconductor<\/p>\n

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

\"clip_image004\"<\/a><\/p>\n

TSX 60 stocks<\/b> moving below support extending an intermediate downtrend included Bank of Montreal, Bank of Nova Scotia, Commerce Bank, National Bank, Manulife Financial, Sun Life Financial, CAE, Teck Resources, Magna International, SNC Lavalin, Loblaw Companies, Rogers Communications, Dollarama and Pembina Pipeline.<\/p>\n

\"clip_image005\"<\/a><\/p>\n

\"clip_image006\"<\/a><\/p>\n

\"clip_image007\"<\/a><\/p>\n

\"clip_image008\"<\/a><\/p>\n

\"clip_image009\"<\/a><\/p>\n

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

\"clip_image011\"<\/a><\/p>\n

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

Daily Seasonal\/Technical Equity Trends for February 3rd<\/sup> 2025<\/p>\n

\"clip_image013\"<\/a><\/p>\n

Green: Increase from previous day<\/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 February 3rd<\/sup> 2025<\/p>\n

\"clip_image015\"<\/a><\/b><\/p>\n

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

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

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

Daily Seasonal\/Technical Sector Trends for February 3rd<\/sup> 2025<\/p>\n

\"clip_image017\"<\/a><\/p>\n

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

Fundstrat’s Tom Lee on Pres. Trump’s tariffs: There’s downside protection to the markets<\/b><\/p>\n

Fundstrat’s Tom Lee on Pres. Trump’s tariffs: There’s downside protection to the markets \u2013 YouTube<\/a><\/p>\n

Trump Tariffs: Volatility, Bearish SPX Signals & Crude Oil Impact: Schwab Network<\/b><\/p>\n

Trump Tariffs: Volatility, Bearish SPX Signals & Crude Oil Impact \u2013 YouTube<\/a><\/p>\n

Mexico’s president describes call with Trump that led to pause in tariffs<\/b><\/p>\n

Mexico’s president describes call with Trump that led to pause in tariffs \u2013 YouTube<\/a><\/p>\n

"It shows there are deals to be made" | What\u2019s in store for Canada in wake of Mexico tariff delay<\/b><\/p>\n

"It shows there are deals to be made" | What\u2019s in store for Canada in wake of Mexico tariff delay \u2013 YouTube<\/a><\/p>\n

Goldman Sachs’ David Kostin: Sustained tariffs could hit S&P earnings by 2-3%<\/b><\/p>\n

Goldman Sachs’ David Kostin: Sustained tariffs could hit S&P earnings by 2-3% \u2013 YouTube<\/a><\/p>\n

CHART THIS with David Keller Monday 2\/3\/25<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=pXd_uuv8Vrw<\/a><\/p>\n

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

\"clip_image018\"<\/a><\/p>\n

The intermediate term Barometer dropped 2.60 to 48.40. It remains neutral. Daily trend is down.<\/p>\n

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

The long term Barometer dropped 1.40 to 60.60. It remains Overbought. Daily trend is down.<\/p>\n

After peaking at 83.00 last Tuesday, the short term Barometer (20 day) plunged 6.40 yesterday to 63.40. It remains Overbought and continues to trend down.<\/p>\n

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

\"clip_image020\"<\/a><\/p>\n

The intermediate term Barometer dropped another 4.95 to 33.78. It remains Oversold. Daily trend remains down.<\/p>\n

\"clip_image021\"<\/a><\/p>\n

The long term Barometer dropped 1.35 to 60.81. It remains Overbought. Daily trend is down.<\/p>\n

The short term (20 day) Barometer dropped plunged 10.36 to 36.04. It changed from neutral to oversold on a drop below 40.00. Daily trend is down.<\/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 Tuesday February 4th U.S. equity index futures were higher this morning. S&P 500 futures were up 5 points at 8:30 AM EST Palantir advanced $18.67 after reporting higher than consensus fourth quarter results. Clorox dropped $2.80 to $156.98 after lowering its revenue outlook. Aecom added $2.10 to $105.95 after reporting higher than […]<\/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-183303","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/183303","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=183303"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/183303\/revisions"}],"predecessor-version":[{"id":183313,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/183303\/revisions\/183313"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=183303"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=183303"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=183303"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}