{"id":192514,"date":"2026-02-04T21:41:02","date_gmt":"2026-02-05T02:41:02","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=192514"},"modified":"2026-02-05T08:55:49","modified_gmt":"2026-02-05T13:55:49","slug":"tech-talk-for-thursday-february-5th-2026","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2026\/02\/04\/tech-talk-for-thursday-february-5th-2026\/","title":{"rendered":"Tech Talk for Thursday February 5th 2026"},"content":{"rendered":"

Pre-opening Comments for Thursday February 5th<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were lower this morning<\/b>. S&P 500 futures were down 40 points at 8:30 AM EST.<\/em><\/p>\n

Alphabet <\/b>(GOOGL) dropped $10.60 to $322.74 despite reporting higher than consensus fourth quarter results. The company also issued guidance below consensus.<\/em><\/p>\n

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QualComm<\/b> (QCOM) dropped $18.33 to $130.56 despite reporting higher than consensus first quarter results. The company also issued second quarter guidance below consensus.<\/em><\/p>\n

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Broadcom <\/b>(AVGO) advanced $7.67 to $315.72 after reporting higher than consensus fourth quarter results.<\/em><\/p>\n

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Eli Lilly <\/b>(LLY) added $2.88 to $1,110.00 after reporting higher than consensus fourth quarter results. <\/em><\/p>\n

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EquityClock\u2019s Market Outlook for February 5th<\/sup><\/strong><\/font><\/em><\/p>\n

Energy fundamentals increasingly favouring a bullish bias of the stocks and the commodities heading towards the spring. See:<\/em><\/b><\/p>\n

https:\/\/equityclock.com\/2026\/02\/04\/stock-market-outlook-for-february-5-2026\/<\/em><\/a><\/p>\n

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

Bitcoin<\/b> ($BTCUSD) moved below $74,400 extending an intermediate downtrend. <\/p>\n

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Travelers <\/b>(TRV) a Dow Jones Industrial Average stock moved above $295.68 to an all-time high extending an intermediate uptrend (The main reason for strength by DJIA yesterday).<\/p>\n

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Booking Holdings<\/b> (BKNG) an S&P 100 stock moved below $4,562.49 extending an intermediate downtrend. <\/p>\n

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AbbVie <\/b>(ABBV) an S&P 100 stock moved below $210.00 extending an intermediate downtrend.<\/p>\n

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TSX 60 stocks breaking to all-time highs extending intermediate uptrends included Canadian Natural Resources<\/b> (CNQ.TO) on a move above Cdn$51.71, Hydro One<\/b> (H.TO) on a move above Cdn$55.12 and Sun Life Financial<\/b> (SLF.TO) on a move above Cdn$89.14 <\/p>\n

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Canadian Tire<\/b> (CTC\/A.TO) a TSX 60 stock moved above Cdn$177.86 extending an intermediate uptrend. <\/p>\n

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BCE<\/b> (BCE.TO) a TSX 60 stock moved above Cdn$35.12 completing a reverse Head & Shoulders pattern.<\/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 4th<\/sup> 2026<\/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 4th<\/sup> 2026<\/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 4th<\/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

Sector Rotation Is Picking Up \u2014 Here\u2019s What\u2019s Improving: Joe Rabil<\/b><\/p>\n

Sector Rotation Is Picking Up \u2014 Here\u2019s What\u2019s Improving \u2013 YouTube<\/a><\/p>\n

Editor\u2019s Note:<\/b> Includes comment on strength relative to the S&P 500 analysis for sectors offered daily in Tech Talk.<\/em><\/p>\n

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

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The intermediate term Barometer added 5.20 to 68.40. It remains Overbought.<\/p>\n

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The long term Barometer added 3.80 to 68.80. It remains Overbought.<\/p>\n

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

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The intermediate term Barometer added 5.05 to 75.69. It remains Overbought.<\/p>\n

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The long term Barometer added 0.92 to 82.57. It remains Overbought.<\/p>\n

Disclaimer:<\/b> Seasonality ratings and technical ratings offered in this report and at <\/b><\/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 5th U.S. equity index futures were lower this morning. S&P 500 futures were down 40 points at 8:30 AM EST. Alphabet (GOOGL) dropped $10.60 to $322.74 despite reporting higher than consensus fourth quarter results. The company also issued guidance below consensus. QualComm (QCOM) dropped $18.33 to $130.56 despite reporting higher […]<\/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-192514","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/192514","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=192514"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/192514\/revisions"}],"predecessor-version":[{"id":192524,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/192514\/revisions\/192524"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=192514"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=192514"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=192514"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}