{"id":183981,"date":"2025-02-27T19:53:46","date_gmt":"2025-02-28T00:53:46","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=183981"},"modified":"2025-02-28T08:59:33","modified_gmt":"2025-02-28T13:59:33","slug":"tech-talk-for-friday-february-28th-2025","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2025\/02\/27\/tech-talk-for-friday-february-28th-2025\/","title":{"rendered":"Tech Talk for Friday February 28th 2025"},"content":{"rendered":"

Pre-opening Comments for Friday February 28th<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were higher this morning<\/b>. S&P 500 futures were up 19 points at 8:35 AM EST.<\/em><\/p>\n

S&P 500 futures <\/b>added 13 points following release of U.S. economic news at 8:30 AM EST. Consensus for January Core PCE Price Index<\/b> was a 0.3% increase versus a 0.2% gain in December. Actual was a 0.3% increase. Consensus for January U.S. Personal Income<\/b> was a 0.3% increase versus a 0.4% gain in December. Actual was a 0.9% gain. <\/em><\/p>\n

The Canadian Dollar <\/b>added 0.06 to 69.41 cents <\/b>following release of Canada\u2019s<\/b> December GDP <\/b>at 8:30 AM EST. Consensus was a 0.3% increase versus a 0.2% decline in November. Actual was a 0.2% increase.<\/em><\/p>\n

Dell Computer<\/b> dropped $2.41 to $105.42 after issuing revenue guidance below consensus.<\/em><\/p>\n

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Rocket Lab<\/b> plunged $1.72 to $18.11 after offering guidance below consensus.<\/em> <\/p>\n

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HP Inc<\/b> dropped $1.14 to $31.99 after reporting lower than consensus first quarter earnings. <\/em><\/p>\n

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EquityClock\u2019s Market Outlook for February 28th<\/sup><\/strong><\/font><\/em><\/p>\n

Much chatter over the spike of bearish sentiment according to the AAII, but margin debt, that is at a record high, points to complacency. See:<\/em><\/b><\/p>\n

https:\/\/equityclock.com\/2025\/02\/27\/stock-market-outlook-for-february-28-2025\/<\/em><\/a><\/p>\n

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

NASDAQ Composite Index<\/b> $COMPQ moved below 18,831.91 completing a double top pattern.<\/p>\n

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Weakness in the NASDAQ Composite Index was led by Technology SPDRs<\/b> $XLK on a move below $225.45 and $224.49 setting an intermediate downtrend.<\/b><\/p>\n

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Semiconductor iShares<\/b> $SOXX moved below $208.98 and $208.56 setting an intermediate downtrend. VanEck Semiconductor ETF<\/b> $SMH moved below $232.24 setting an intermediate downtrend.<\/p>\n

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S&P Midcap 400 SPDRs<\/b> $MDY moved below $560.89 completing a double top pattern.<\/p>\n

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NASDAQ 100 stocks <\/b>moving below support setting intermediate downtrends included<\/b><\/p>\n

Applied Materials<\/b> $AMAT on a move below $158.59, Copart <\/b>$CPRT on a move below $55.12 and eBay <\/b>$EBAY on a move below $63.50<\/p>\n

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Royal Bank<\/b> $RY.TO a TSX 60 stock moved below Cdn$167.45 and Cdn$166.78 setting an intermediate uptrend (despite reporting higher than consensus first quarter results).<\/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 27th<\/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 27th<\/sup> 2025<\/p>\n

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

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

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

Daily Seasonal\/Technical Sector Trends for February 27th<\/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

Link offered by a valued provider<\/strong><\/font><\/p>\n

The aversion to bonds is over, says Goldman’s Alexandra Wilson-Elizondo<\/b><\/p>\n

The aversion to bonds is over, says Goldman’s Alexandra Wilson-Elizondo \u2013 YouTube<\/a><\/p>\n

Gene Munster: Nvidia Earnings Key Takeaways: Dan Nathan
<\/b>Gene Munster: Nvidia Earnings Key Takeaways \u2013 YouTube<\/a><\/p>\n

Former Blackstone President Tony James: The economy is weakening and consumer is starting to buckle<\/b><\/p>\n

Former Blackstone President Tony James: The economy is weakening and consumer is starting to buckle \u2013 YouTube<\/a><\/p>\n

How a trade war could impact Canada’s investment landscape: Claire Fen, RBC Economist<\/b><\/p>\n

How a trade war could impact Canada’s investment landscape \u2013 YouTube<\/a><\/p>\n

Expect seasonal stock market weakness: Stifel Chief Equity Strategist<\/b><\/p>\n

Expect seasonal stock market weakness: Strategist \u2013 YouTube<\/a><\/p>\n

Welcome to the Stagflation Party: Guy Adami, Dan Nathan and Liz Thomas<\/b><\/p>\n

Welcome to the Stagflation Party \u2013 YouTube<\/a><\/p>\n

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

https:\/\/www.youtube.com\/watch?v=6DtoZRi-OpY<\/a><\/p>\n

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

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The intermediate term Barometer dropped 3.80 to 49.20. It remains Neutral.<\/p>\n

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The long term Barometer dropped 2.00 to 58.00. It changed from Overbought to Neutral on a move below 60.00.<\/p>\n

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

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The intermediate term Barometer dropped 4.55 to 45.00. It remains Neutral.<\/p>\n

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The long term Barometer was unchanged at 58.18. 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 Friday February 28th U.S. equity index futures were higher this morning. S&P 500 futures were up 19 points at 8:35 AM EST. S&P 500 futures added 13 points following release of U.S. economic news at 8:30 AM EST. Consensus for January Core PCE Price Index was a 0.3% increase versus a 0.2% […]<\/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-183981","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/183981","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=183981"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/183981\/revisions"}],"predecessor-version":[{"id":183989,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/183981\/revisions\/183989"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=183981"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=183981"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=183981"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}