{"id":183820,"date":"2025-02-23T20:39:35","date_gmt":"2025-02-24T01:39:35","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=183820"},"modified":"2025-02-24T09:12:58","modified_gmt":"2025-02-24T14:12:58","slug":"tech-talk-for-monday-february-24th-2025","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2025\/02\/23\/tech-talk-for-monday-february-24th-2025\/","title":{"rendered":"Tech Talk for Monday February 24th 2025"},"content":{"rendered":"

Pre-opening Comments for Monday February 24th<\/sup><\/font><\/em><\/p>\n

U.S. equity index futures were higher this morning<\/b>. S&P 500 futures were up 31 points at 8:30 AM EST. <\/em><\/p>\n

Berkshire Hathaway<\/b> added $5.66 to $484.40 after reporting higher than consensus fourth quarter revenues and earnings.<\/em><\/p>\n

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Domino\u2019s Pizza<\/b> dropped $17.37 to $445.00 after reporting less than consensus fourth quarter results. <\/em><\/p>\n

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Nike <\/b>gained $1.73 to $78.23 after Jefferies upgraded the stock from Hold to Buy.<\/em><\/p>\n

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Owens Corning<\/b> added $3.42 to $168.88 after reporting higher than consensus fourth quarter revenues.<\/em><\/p>\n

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EquityClock\u2019s Market Outlook for February 24th<\/sup> 2025<\/strong><\/font><\/em><\/p>\n

The weakness that stocks are realizing is entirely normal for the back half of February. <\/em><\/b>The weakness that stocks are realizing is entirely normal for the back half of February. (equityclock.com)<\/em><\/a><\/p>\n

Technical Scoop<\/font> for February 24th<\/sup> from David Chapman and <\/font><\/strong><\/em>www.EnrichedInvesting.com<\/font><\/strong><\/em><\/a><\/p>\n

https:\/\/enrichedinvesting.com\/library\/<\/em><\/a><\/p>\n

The Bottom Line<\/strong><\/font><\/p>\n

The Dow Jones Industrial Average is following its typical seasonal pattern for the month of February:<\/b> During the past 20 years, the Average has a history of moving lower from mid-February to mid-March. <\/p>\n

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Economic News This Week<\/strong><\/font><\/p>\n

January U.S. New Home Sales<\/b> released at 10:00 AM EST on Wednesday are expected to drop to 677,000 from 698,000 in December <\/p>\n

January Durable Goods Orders<\/b> released at 8:30 AM EST on Thursday are expected to increase 0.4% versus a 0.3% increase in December.<\/p>\n

Next estimate for fourth quarter U.S. GDP <\/b>released at 8:30 AM EST on Thursday is expected to remain unchanged at a 2.3% annualized estimate.<\/p>\n

January Core PCE Price Index<\/b> released at 8:30 AM EST on Friday is expected to increase 0.3% versus a 0.2% gain in December.<\/p>\n

January U.S. Personal Income<\/b> released at 8:30 AM EST on Friday is expected to increase 0.3% versus a 0.4% gain in December. January U.S. Personal Spending is expected to increase 0.2% versus a 0.7% gain in December. <\/b><\/p>\n

January U.S. Wholesale Inventories<\/b> released at 8:30 AM EST on Friday are expected to increase 0.1% versus a 0.5% drop in December.<\/p>\n

December Canadian GDP <\/b>released at 8:30 AM EST on Friday is expected to increase 0.3% versus a 0.2% decline in November.<\/p>\n

Selected Earnings News This Week<\/strong><\/font> <\/p>\n

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U.S. focus<\/b> this week is on quarterly results released by NVidia on Wednesday<\/p>\n

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Canadian focus<\/b> this week is on fiscal first quarter reports released by Canada\u2019s largest banks<\/p>\n

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 21st<\/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:<\/p>\n

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

Daily Seasonal\/Technical Commodities Trends for February 21st<\/sup> 2025<\/p>\n

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

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

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

Daily Seasonal\/Technical Sector Trends for February 21st<\/sup> 2025<\/p>\n

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

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

Changes last week<\/strong><\/font><\/p>\n

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

Dow Jones Industrial Average<\/b> moved below 43,879.06 completing a double top pattern. Dow Jones Industrial Average SPDRs <\/b>$DIA moved below $438.05 completing a double top pattern.<\/p>\n

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Retail SPDRs<\/b> moved below $77.08 completing a double top pattern<\/p>\n

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Weakness in Amazon.com <\/b>below support at $216.20, Salesforce.com<\/b> below support at $313.80 and UnitedHealth Group<\/b> below support at $475.82 were major contributors to technical breakdowns by Dow Jones Industrial Average, Consumer Discretionary SPDRs and Retail SPDRs. Other S&P100 and NASDAQ 100 stocks moving below intermediate support included Align,<\/b> Old Dominion Freight Lines<\/b>, Ross Stores<\/b> and Synopsys.<\/b><\/p>\n

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Bucking the trend were a few S&P 100 and NASDAQ 100 stocks<\/b> moving higher extending an intermediate uptrend. They included MercadoLibre <\/b>on a move above $2,161.73 to an all-time high, Abbott Labs<\/b> on a move above $134.10 to an all-time high and Keurig Dr. Pepper <\/b>on a move above $33.72.<\/p>\n

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

Mike\u2019s Money Talks for February 22nd<\/sup> <\/b><\/p>\n

Michael Campbell\u2019s MoneyTalks \u2013 Complete Show (mikesmoneytalks.ca)<\/a><\/p>\n

Are You Ready to Invest in Alien Inspired Tech? Mark Leibovit<\/b><\/p>\n

Are You Ready to Invest in Alien Inspired Tech? \u2013 HoweStreet<\/a><\/p>\n

Alibaba will be the big winner when it comes to AI in China, says Wedbush’s Dan Ives<\/b><\/p>\n

Alibaba will be the big winner when it comes to AI in China, says Wedbush’s Dan Ives \u2013 YouTube<\/a><\/p>\n

SPX Battles for Winning Week, Potential Pullback Signaled By VIX: Schwab Network<\/b><\/p>\n

SPX Battles for Winning Week, Potential Pullback Signaled By VIX \u2013 YouTube<\/a><\/p>\n

Chart Check on S&P, Banks, WMT, China & PLTR: Guy Adami, Dan Nathan, Carter Worth<\/b><\/p>\n

Chart Check on S&P, Banks, WMT, China & PLTR \u2013 YouTube<\/a><\/p>\n

The EXACT Date of Next Stock Market Crash: Marc Chaikan<\/b><\/p>\n

(Predicts a peak in U.S. equity markets in early 2026 corresponding with the Presidential cycle followed by a significant downtrend)<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=Bvhr82VnkzU<\/a><\/p>\n

CHART THIS with David Keller, CMT Friday 2\/21\/25: David Keller<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=Cz05GDNg2gE<\/a><\/p>\n

Are Stocks Heading Lower? In These Areas…..YES! Mary Ellen McGonagle<\/b><\/p>\n

Are Stocks Heading Lower? In These Areas…..YES! \u2013 YouTube<\/a><\/p>\n

Nvidia’s earnings preview, options, and stock outlook: Yahoo Finance<\/b><\/p>\n

Nvidia’s earnings preview, options, and stock outlook \u2013 YouTube<\/a><\/p>\n

Three Signs of the Bear and What May Come Next! David Keller<\/b><\/p>\n

Three Signs of the Bear and What May Come Next! | The Mindful Investor | StockCharts.com<\/a><\/p>\n

Could Fort Knox Gold Cure US Debt? Bob Hoye<\/b><\/p>\n

Could Fort Knox Gold Cure US Debt? \u2013 HoweStreet<\/a><\/p>\n

Trading Desk Notes for February 22nd<\/sup> 2025<\/b><\/p>\n

Trading Desk Notes for February 22, 2025 \u2013 HoweStreet<\/a><\/p>\n

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

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The intermediate term Barometer dropped 4.40 on Friday and fell 1.20 last week to 53.20. It remains Neutral.<\/p>\n

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The long term Barometer dropped 2.60 on Friday and fell 0.20 last week to 59.80. It returned to Neutral on Friday.<\/p>\n

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

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The intermediate term Barometer dropped 5.45 on Friday, but gained 2.02 last week to 45.91. It remains Neutral.<\/p>\n

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The long term Barometer dropped 4.09 on Friday and fell 1.54 last week to 59.09. It changed from Overbought to Neutral on a drop below 60.00. <\/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 Monday February 24th U.S. equity index futures were higher this morning. S&P 500 futures were up 31 points at 8:30 AM EST. Berkshire Hathaway added $5.66 to $484.40 after reporting higher than consensus fourth quarter revenues and earnings. Domino\u2019s Pizza dropped $17.37 to $445.00 after reporting less than consensus fourth quarter results. […]<\/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-183820","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/183820","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=183820"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/183820\/revisions"}],"predecessor-version":[{"id":183830,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/183820\/revisions\/183830"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=183820"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=183820"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=183820"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}