Tech Talk for Wednesday February 5th 2025
U.S. equity index futures were lower this morning. S&P 500 futures were down 23 points at 8:35 AM EST.
S&P 500 futures were unchanged following release of the December U.S. Trade Report at 8:30 AM EST. Consensus was an increase in the deficit to $97.10 billion versus a deficit of $78.20 billion in November. Actual was a $98.4 billion deficit.
Advanced Micro Devices dropped $4.63 to $114.91 after reporting less than consensus fourth quarter results.
![clip_image001[4]](https://timingthemarket.ca/techtalk/wp-content/uploads/2025/02/clip_image0014-1.png "clip_image001[4]")
Alphabet dropped $14.91 to $192.28 after reporting less than consensus quarterly revenues.
![clip_image002[4]](https://timingthemarket.ca/techtalk/wp-content/uploads/2025/02/clip_image0024-2.png "clip_image002[4]")
Chipotle dropped $2.73 to $56.29 after reporting less than consensus fourth quarter revenues.
![clip_image003[4]](https://timingthemarket.ca/techtalk/wp-content/uploads/2025/02/clip_image0034-1.png "clip_image003[4]")
EquityClock's Stock Market Outlook for February 5th
December's JOLT report shines new light on the financial sector (banks) amidst an increase in activity and optimism following the US presidential election. See:
https://equityclock.com/2025/02/04/stock-market-outlook-for-february-5-2025/
Technical Notes
Costco $COST an S&P 100 stock moved above $1.008.25 to an all-time high extending an intermediate uptrend.
PayPal $PYPL an S&P 100 stock moved below $81.79 completing a double top pattern.
Merck $MRK an S&P 100 stock moved below $93.73 to a two year low extending an intermediate downtrend.
Mondelez $MDLZ an S&P 100 stock moved below $55.97 to a 28 month low extending an intermediate downtrend.
Trader's Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for February 4th 2025
Green: Increase from previous day
Red: Decrease from previous day
Source for all positive seasonality ratings: www.EquityClock.com
Commodities
Daily Seasonal/Technical Commodities Trends for February 4th 2025
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for February 4th 2025
Green: Increase from previous day
Red: Decrease from previous day
Links offered by valued providers
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Morgan Stanley’s Wilson Says This Is Still a Stock Picker’s Market - YouTube
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S&P 500 Momentum Barometers
The intermediate term Barometer added 0.41 to 48.60. It remains Neutral.
The long term Barometer slipped 0.20 to 60.40. It remains Overbought.
TSX Momentum Barometers
The intermediate term Barometer added 4.95 to 38.74. It remains Oversold.
The long term Barometer added 1.80 to 62.61. It remains Overbought.
Disclaimer: Seasonality ratings and technical ratings offered in this report and at
www.equityclock.com 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
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