{"id":183920,"date":"2025-02-26T08:45:39","date_gmt":"2025-02-26T13:45:39","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=183920"},"modified":"2025-02-26T08:45:39","modified_gmt":"2025-02-26T13:45:39","slug":"tech-talk-for-wednesday-february-26th-2025","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2025\/02\/26\/tech-talk-for-wednesday-february-26th-2025\/","title":{"rendered":"Tech Talk for Wednesday February 26th 2025"},"content":{"rendered":"

Pre-opening Comments for Wednesday February 26th<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were higher this morning<\/b>. S&P 500 futures were up 32 points at 8:30 AM EST.<\/em><\/p>\n

Intuit<\/b> advanced $31.37 to $587.00 after reporting higher than consensus second quarter results.<\/em><\/p>\n

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Masimo <\/b>gained $10.46 to $180.00 after offering a positive 2025 outlook.<\/em><\/p>\n

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Workday <\/b>added $26.80 to $282.02 after announcing higher than consensus subscription revenue growth in the fourth quarter. <\/em><\/p>\n

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General Motors<\/b> advanced $1.89 to $48.60 after raising its dividend and after announcing a $6 billion share buyback program.<\/em><\/p>\n

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EquityClock\u2019s Stock Market Outlook for February 26th<\/sup><\/strong><\/font><\/em><\/p>\n

Perhaps it is not too much of a surprise that the equity market is weakening as the yield curve emerges from inversion<\/b>. See:<\/em><\/p>\n

https:\/\/equityclock.com\/2025\/02\/25\/stock-market-outlook-for-february-26-2025\/<\/em><\/a><\/p>\n

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

S&P 500 Index<\/b> $SPX moved below intermediate support at 5,923.93. S&P 500 SPDRs<\/b> $SPY moved below support at $590.40. Intermediate trend changed from up to neutral.<\/p>\n

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20 + year Treasury bond iShares<\/b> $TLT moved above $90.18 extending an intermediate uptrend.<\/p>\n

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Consumer Staples<\/b> SPDRs $XLP moved above $83.45 to an all-time high extending an intermediate uptrend.<\/p>\n

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Gasoline ETN<\/b> $UGA moved below $63.03 completing a double top pattern. <\/p>\n

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S&P 100 and NASDAQ 100 stocks<\/b> moving above intermediate resistance included Regeneron<\/b> on a move above $732.38, American International Group<\/b> on a move above $79.51, Colgate Palmolive<\/b> on a move above $91.90, Nike<\/b> on a move above $81.18 and Roper Technologies<\/b> on a move above $584.31.<\/p>\n

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S&P 100 and NASDAQ 100 stocks<\/b> moving below intermediate support included Microsof<\/b>t on a move below $399.20, Advanced Micro Devices<\/b> on a move below $106.50, Trip.com<\/b> on a move below $62.37, Zoom Video<\/b> on a move below $76.38, Intuitive Surgical<\/b> on a move below $563.27, Synopsys<\/b> on a move below $457.52, Intuit<\/b> on a move below $554.66 and Diamondback Energy<\/b> on a move below $152.00.<\/p>\n

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Bank of Montreal<\/b> $BMO.TO a TSX 60 stock moved above Cdn$145.93 to an all-time high extending an intermediate uptrend. Reported higher than consensus fiscal first quarter results.<\/p>\n

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Cenovus $<\/b>CVE.TO a TSX 60 stock moved below Cdn$20.16 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 25th<\/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><\/p>\n

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

Daily Seasonal\/Technical Commodities Trends for February 25th<\/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 25th<\/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

Top 10 Canadian companies at-risk of tariffs<\/b><\/p>\n

Top 10 Canadian companies at-risk of tariffs \u2013 YouTube<\/a><\/p>\n

Mike Wilson on Fed, US Exceptionalism, Tariffs Impact<\/b><\/p>\n

Mike Wilson on Fed, US Exceptionalism, Tariffs Impact \u2013 YouTube<\/a><\/p>\n

What Is behind the huge selloff in <\/b>#Bitcoin<\/b><\/a>?<\/b><\/p>\n

Editor\u2019s Note: Bitcoin in Canadian Dollars Btcc.to moved below Cdn$16.55 completing a double top pattern<\/b><\/p>\n

What Is behind the huge selloff in #Bitcoin? \u2013 YouTube<\/a><\/p>\n

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

https:\/\/www.youtube.com\/watch?v=ZA303jEAoQo<\/a><\/p>\n

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

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The intermediate term Barometer slipped 0.20 to 54.00. It remains Neutral.<\/p>\n

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The long term Barometer added 0.40 to 60.60. It remains Overbought.<\/p>\n

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

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The intermediate term Barometer dropped 0.91 to 45.45. It remains Neutral<\/p>\n

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The long term Barometer slipped 0.45 to 59.09. It remains Neutral.<\/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 26th U.S. equity index futures were higher this morning. S&P 500 futures were up 32 points at 8:30 AM EST. Intuit advanced $31.37 to $587.00 after reporting higher than consensus second quarter results. Masimo gained $10.46 to $180.00 after offering a positive 2025 outlook. Workday added $26.80 to $282.02 after […]<\/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-183920","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/183920","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=183920"}],"version-history":[{"count":1,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/183920\/revisions"}],"predecessor-version":[{"id":183921,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/183920\/revisions\/183921"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=183920"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=183920"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=183920"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}