{"id":183377,"date":"2025-02-05T20:00:36","date_gmt":"2025-02-06T01:00:36","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=183377"},"modified":"2025-02-06T10:19:28","modified_gmt":"2025-02-06T15:19:28","slug":"tech-talk-for-thursday-february-6th-2025","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2025\/02\/05\/tech-talk-for-thursday-february-6th-2025\/","title":{"rendered":"Tech Talk for Thursday February 6th 2025"},"content":{"rendered":"

Pre-opening Comments for Thursday February 6th<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were higher this morning.<\/b> S&P 500 futures were up 12 points at 8:30 AM EST.<\/em><\/p>\n

The Bank of England lowered its lending rate to major banks from 4.75% to 4.50%.<\/em><\/b><\/p>\n

Qualcomm<\/b> dropped $8.31 to $167.69 after announcing lower than expected intellectual property licencing revenues in fiscal first quarter. <\/em><\/p>\n

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Ford<\/b> dropped $0.54 to $9.47 after offering weaker than consensus first quarter guidance. <\/em><\/p>\n

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Honeywell<\/b> dropped $6.64 to $215.71 after offering 2025 guidance below consensus.<\/em><\/p>\n

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Bristol Myers Squibb<\/b> dropped $2.16 to $57.55 after offering 2025 guidance below consensus.<\/em><\/p>\n

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

EquityClock\u2019s Stock Market Outlook for February 6th<\/sup><\/strong><\/font><\/em><\/p>\n

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

Active investment managers and individual investors not all that enthusiastic about stocks.<\/em><\/b><\/p>\n

See:<\/em><\/b><\/p>\n

https:\/\/equityclock.com\/2025\/02\/05\/stock-market-outlook-for-february-6-2025\/<\/em><\/a><\/p>\n

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

Precious metal equities and related Exchange Traded Funds continue to respond to new all-time high gold prices. Silver ETN<\/b> $SLV moved above intermediate resistance at $29.43. Junior Gold Equity ETF<\/b> $GDXJ moved above $49.75.<\/p>\n

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Wheaton Precious Metals<\/b> $WPM.TO a TSX 60 stock moved above Cdn$94.67 to an all-time high extending an intermediate uptrend.<\/p>\n

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Paychex<\/b> $PAYX a NASDAQ 100 stock moved above $150.71 to an all-time high extending an intermediate uptrend. <\/p>\n

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KraftHeinz<\/b> $KHC an S&P 100 stock moved below $28.37 extending an intermediate downtrend.<\/p>\n

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Constellation Software<\/b> $CSU.TO a TSX 60 stock moved above Cdn$4,877.60 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 February 5th<\/sup> 2025<\/p>\n

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

Red: Decrease from previous day<\/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 5th<\/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 5th<\/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

Are These Behavioral Biases HURTING Your Returns? David Keller<\/b><\/p>\n

Are These Behavioral Biases HURTING Your Returns? \u2013 YouTube<\/a><\/p>\n

Expect securities to be tokenized during the Trump administration: Kindred Ventures’ Steve Jang<\/b><\/p>\n

Expect securities to be tokenized during the Trump administration: Kindred Ventures’ Steve Jang \u2013 YouTube<\/a><\/p>\n

Market volatility can go a lot higher this year, says RBC’s Amy Wu Silverman<\/b><\/p>\n

Market volatility can go a lot higher this year, says RBC’s Amy Wu Silverman \u2013 YouTube<\/a><\/p>\n

CHART THIS with David Keller, CMT Wednesday 2\/5\/25 David Keller<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=o1WaVkBS6wk<\/a><\/p>\n

Chart of the day: Copper ETN (CPER)<\/strong><\/font><\/p>\n

Technical score increased from 2 to 6 when intermediate trend changed from neutral to up on a move above $27.80 and strength relative to the S&P 500 changed from neutral to positive. Seasonal influences are favourable until early March.<\/p>\n

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

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The intermediate term Barometer added 4.60 to 53.20. It remains neutral.<\/p>\n

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The long term Barometer added 1.20 to 61.60. It remains Overbought.<\/p>\n

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

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The intermediate term Barometer jumped 10.81 to 49.55, It changed from Oversold to Neutral.<\/p>\n

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The long term Barometer added 2.25 to 64.86. 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 February 6th U.S. equity index futures were higher this morning. S&P 500 futures were up 12 points at 8:30 AM EST. The Bank of England lowered its lending rate to major banks from 4.75% to 4.50%. Qualcomm dropped $8.31 to $167.69 after announcing lower than expected intellectual property licencing revenues in […]<\/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-183377","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/183377","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=183377"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/183377\/revisions"}],"predecessor-version":[{"id":183387,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/183377\/revisions\/183387"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=183377"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=183377"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=183377"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}