{"id":183338,"date":"2025-02-04T20:35:31","date_gmt":"2025-02-05T01:35:31","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=183338"},"modified":"2025-02-05T08:45:59","modified_gmt":"2025-02-05T13:45:59","slug":"tech-talk-for-wednesday-february-5th-2025","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2025\/02\/04\/tech-talk-for-wednesday-february-5th-2025\/","title":{"rendered":"Tech Talk for Wednesday February 5th 2025"},"content":{"rendered":"

Pre-opening Comments for Wednesday February 5th<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were lower this morning<\/b>. S&P 500 futures were down 23 points at 8:35 AM EST.<\/em><\/p>\n

S&P 500 futures were unchanged following release of the December U.S. Trade Report<\/b> at 8:30 AM EST. Consensus was an increase in the deficit to $97.10 billion versus a deficit of $78.20 billion in November. Actual was a $98.4 billion deficit.<\/em><\/p>\n

Advanced Micro Devices<\/b> dropped $4.63 to $114.91 after reporting less than consensus fourth quarter results. <\/em><\/p>\n

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Alphabet <\/b>dropped $14.91 to $192.28 after reporting less than consensus quarterly revenues.<\/em> <\/p>\n

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Chipotle <\/b>dropped $2.73 to $56.29 after reporting less than consensus fourth quarter revenues. <\/em><\/p>\n

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EquityClock\u2019s Stock Market Outlook for February 5th<\/sup><\/strong><\/font><\/em><\/p>\n

<\/em><\/p>\n

December\u2019s JOLT report shines new light on the financial sector (banks) amidst an increase in activity and optimism following the US presidential election. See:<\/em><\/b><\/p>\n

https:\/\/equityclock.com\/2025\/02\/04\/stock-market-outlook-for-february-5-2025\/<\/em><\/a><\/p>\n

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

Costco <\/b>$COST an S&P 100 stock moved above $1.008.25 to an all-time high extending an intermediate uptrend.<\/p>\n

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PayPal<\/b> $PYPL an S&P 100 stock moved below $81.79 completing a double top pattern.<\/p>\n

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Merck<\/b> $MRK an S&P 100 stock moved below $93.73 to a two year low extending an intermediate downtrend.<\/p>\n

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Mondelez<\/b> $MDLZ an S&P 100 stock moved below $55.97 to a 28 month low 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 February 4th<\/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 February 4th<\/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

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

Daily Seasonal\/Technical Sector Trends for February 4th<\/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

Cathie Wood’s big ideas of 2025: The most underappreciated application of AI is health care<\/b><\/p>\n

Cathie Wood’s big ideas of 2025: The most underappreciated application of AI is health care \u2013 YouTube<\/a><\/p>\n

Bears Eye Weakening Market Breadth, SPX 20-Day SMA Tested: Schwab Network<\/b><\/p>\n

Bears Eye Weakening Market Breadth, SPX 20-Day SMA Tested \u2013 YouTube<\/a><\/p>\n

Morgan Stanley’s Wilson Says This Is Still a Stock Picker’s Market<\/b><\/p>\n

Morgan Stanley’s Wilson Says This Is Still a Stock Picker’s Market \u2013 YouTube<\/a><\/p>\n

Trade Tracker: Brian Belski rebalances his Portfolio: Lululemon, Nike, Warner Bros., and more<\/b><\/p>\n

Trade Tracker: Brian Belski rebalances his Portfolio: Lululemon, Nike, Warner Bros., and more \u2013 YouTube<\/a><\/p>\n

If implemented, tariffs could deal a meaningful blow to U.S. economy, says Charles Schwab’s Sonders<\/b><\/p>\n

If implemented, tariffs could deal a meaningful blow to U.S. economy, says Charles Schwab’s Sonders \u2013 YouTube<\/a><\/p>\n

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

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The intermediate term Barometer added 0.41 to 48.60. It remains Neutral.<\/p>\n

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The long term Barometer slipped 0.20 to 60.40. It remains Overbought.<\/p>\n

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

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The intermediate term Barometer added 4.95 to 38.74. It remains Oversold.<\/p>\n

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The long term Barometer added 1.80 to 62.61. 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 February 5th U.S. equity index futures were lower this morning. S&P 500 futures were down 23 points at 8:35 AM EST. S&P 500 futures were unchanged following release of the December U.S. Trade Report at 8:30 AM EST. Consensus was an increase in the deficit to $97.10 billion versus a deficit […]<\/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-183338","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/183338","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=183338"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/183338\/revisions"}],"predecessor-version":[{"id":183346,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/183338\/revisions\/183346"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=183338"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=183338"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=183338"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}