Tech Talk for Tuesday January 28th 2025

U.S. equity index futures were higher this morning. S&P 500 futures were up 9 points at 8:35 AM EST.

S&P 500 futures dropped 6 points following release of December Durable Goods Orders at 8:30 AM EST. Consensus called for a 0.1% increase versus a 1.2% decline in November. Actual was a 2.2% drop. Excluding Transportation Orders, consensus called for a 0.3% increase versus a 0.2% decline in November. Actual was a 0.3% increase.

Crane advanced $2.32 to $158.76 after announcing a 12% dividend increase.

Boeing dropped $0.90 to $175.15 after reporting a larger than consensus core loss.

Kimberly Clark dropped $1.14 to $130.77 after reporting lower than consensus fourth quarter earnings.

EquityClock's Stock Market Outlook for January 28th

Benchmarks with a lower weight in technology remain the desired core-allocation to equity exposure in portfolios. See:

https://equityclock.com/2025/01/27/stock-market-outlook-for-january-28-2025/

Technical Notes

Large cap Artificial Intelligence (AI) stocks moving below support on Deep Seek rumors setting intermediate downtrends included ASML, Intuit, Broadcom, Marvel, Advanced Micro Devices and Nvidia.

Deep Seek rumors implied that Artificial Intelligence could be applied using less electric power. Cameco, the free world's largest producer of uranium used for electric power generation moved below intermediate support in Canadian and U.S. Dollars, completing a Head & Shoulders pattern.

Financial SPDRs $XLF moved above $51.40 to an all-time high extending an intermediate uptrend.

S&P 100 stocks breaking to all-time highs included AT&T, Walmart and MasterCard. Other U.S. stocks moving above resistance extending an intermediate uptrend included Bristol-Myers Squibb on a move above $60.41, Match on a move above $34.60 and Medtronic on a move above $91.86

Trader's Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for January 27th 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 January 27th 2025

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for January 27th 2025

Green: Increase from previous day

Red: Decrease from previous day

Links offered by valued providers

BEWARE! META, TSLA, AMZN, MSFT & AAPL Report Earnings Next Week!

Mary Ellen McGonagle

BEWARE! META, TSLA, AMZN, MSFT & AAPL Report Earnings Next Week! - YouTube

Hightower’s Stephanie Link on global tech sell-off: The pie is big enough for AI companies to thrive

Hightower’s Stephanie Link on global tech sell-off: The pie is big enough for AI companies to thrive - YouTube

A shocking Chinese AI advancement called DeepSeek is sending US stocks plunging

A shocking Chinese AI advancement called DeepSeek is sending US stocks plunging - YouTube

CHART THIS with David Keller, CMT Monday 1/27/25

https://www.youtube.com/watch?v=LFo-9kLHalM

S&P 500 Momentum Barometers

The intermediate term Barometer surprisingly advanced 9.60 to 61.20. It changed from Neutral to Overbought on a move above 60.00. Daily uptrend was extended.

The long term Barometer added 4.20 to 66.00. It remains Overbought. Daily uptrend was extended.

TSX Momentum Barometers

The intermediate term Barometer dropped 7.21 to 44.59. It remains Neutral.

The long term Barometer dropped 1.80 to 64.41. 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