{"id":183418,"date":"2025-02-06T19:19:27","date_gmt":"2025-02-07T00:19:27","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=183418"},"modified":"2025-02-07T09:22:17","modified_gmt":"2025-02-07T14:22:17","slug":"tech-talk-for-friday-february-7th-2025","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2025\/02\/06\/tech-talk-for-friday-february-7th-2025\/","title":{"rendered":"Tech Talk for Friday February 7th 2025"},"content":{"rendered":"

Pre-opening Comments for Friday February 7th<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were lower this morning.<\/b> S&P 500 futures were down 7 points at 8:35 AM EST. <\/em><\/p>\n

S&P 500 futures slipped 2 points following release of the U.S. January Employment Report<\/b>. Consensus for January Non-farm Payrolls was 175,000, down from upwardly revised 307,000 in December. Actual was 143,000. Consensus for the January Unemployment Rate was 4.1%, unchanged from December. Actual was down 0.1 to 4.0%. Consensus for January Average Hourly Earnings was a 0.3% gain, unchanged from December. Actual was a 0.5% gain<\/em><\/p>\n

The Canadian Dollar added 0.08 to US69.93 cents following release of Canada\u2019s January Employment Report<\/b>. Consensus was a 25,000 employment gain, down from a 90,900 gain in December. Actual was a 76,000 gain. Consensus for the January Unemployment Rate was 6.8%, up from 6.7% in December. Actual was down 0.1 to 6.6%<\/em><\/p>\n

Amazon<\/b> dropped $8.52 to $230.30 after issuing first quarter guidance below consensus.<\/em><\/p>\n

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Pinterest<\/b> added $5.91 to $39.50 after reporting higher than consensus fourth quarter revenues and earnings. <\/em><\/p>\n

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Expedia<\/b> advanced $14.83 to $187.40 after announcing a rise in bookings growth<\/em><\/p>\n

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EquityClock\u2019s Stock Market Outlook for February 7th<\/sup><\/strong><\/font><\/em><\/p>\n

A source of fuel that has worked to inflate equity values is running out. See:<\/em><\/b><\/p>\n

https:\/\/equityclock.com\/2025\/02\/06\/stock-market-outlook-for-february-7-2025\/<\/a><\/p>\n

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

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

Italy iShares<\/b> $EWI moved above $39.04 to an all-time high extending an intermediate uptrend.<\/p>\n

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Copper Miners ETF<\/b> $COPX moved above intermediate resistance at $40.69. Responded to higher copper prices! Seasonal influences are favourable until March 4th<\/sup>.<\/p>\n

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S&P 100 and NASDAQ 100 stocks moving above resistance extending an intermediate uptrend included Marriott<\/b> on a move above $295.45 (All-time high), Philip Morris International<\/b> on a move above $132.68 (All-time high), Eli Lilly<\/b> on a move above $846.46, Bank of America<\/b> on a move above $47.81 (All-time high).<\/p>\n

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S&P 100 and NASDAQ 100 stocks move below support extending an intermediate downtrend included Honeywell<\/b> on a move below $214.60, Tesla<\/b> on a move below $373.04, Ford<\/b> on a move below $9.53<\/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 6th<\/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 6th<\/sup> 2025<\/p>\n

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

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

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

Daily Seasonal\/Technical Sector Trends for February 6th<\/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

Is This a Sign of a STRUGGLING Economy? Tom Bowley<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=vlmk7_93hZY<\/a><\/p>\n

AI Winners and Losers: Navigating Volatility in the Tech Sector with Rishi Jaluria<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=-3vbI6yOnFM<\/a><\/p>\n

Warning signs continue to build for the stock market top: TheTechnicalTraders<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=_g7Ox60BFpg<\/a><\/p>\n

Massive Gold Play Unfolding \u2013 The Bet That Could Change Everything | Adrian Day<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=3J-E6GHDCbI<\/a><\/p>\n

The Rate Ripple Effect: Banks, Bitcoin & Buying Opportunities: Guy Adami and Dan Nathan<\/b><\/p>\n

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

CHART THIS with David Keller, CMT Thursday 2\/6\/25: David Keller<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=3abWpm9SkX8<\/a><\/p>\n

Chart of the day<\/strong><\/font>: S&P\/TSX Financial Services Index<\/strong><\/font><\/p>\n

Technical score increased from -2 to 0 when the Index moved above its 20 day moving average. Ditto for its ETF: S&P\/TSX Financials iShares (XFN.TO)! Seasonal influences are favourable until the end February.<\/p>\n

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

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The intermediate term Barometer slipped 1.00 to 52.20. It remains Neutral.<\/p>\n

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The long term Barometer dropped 1.60 to 60.00. It remains Overbought. Daily trend is down.<\/p>\n

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

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The intermediate term Barometer dropped 4.30 to 45.25. It remains neutral.<\/p>\n

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The long term Barometer dropped 1.52 to 63.35. 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 February 7th U.S. equity index futures were lower this morning. S&P 500 futures were down 7 points at 8:35 AM EST. S&P 500 futures slipped 2 points following release of the U.S. January Employment Report. Consensus for January Non-farm Payrolls was 175,000, down from upwardly revised 307,000 in December. Actual was […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-183418","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/183418","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=183418"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/183418\/revisions"}],"predecessor-version":[{"id":183426,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/183418\/revisions\/183426"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=183418"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=183418"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=183418"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}