Tech Talk for Friday February 10th 2023

U.S. equity index futures were lower this morning. S&P 500 futures were down 19 points in pre-opening trade.

The Canadian Dollar added US0.30 to 74.73 cents after release of Canada's January employment report at 8:30 AM EST. Consensus was an increase of 15,000 versus a gain of 104,000 in December. Actual was an increase of 150,000. Consensus for the January Unemployment Rate was an increase to 5.2% from 5.0% in December. Actual was unchanged at 5.0%

Lyft plunged $4.14 to $12.08 after reporting less than consensus fourth quarter revenues. The company also lowered guidance.

PayPal added $1.34 to $79.76 after reporting higher than consensus fourth quarter earnings.

Expedia dropped $4.56 to $112.75 after reporting less than consensus fourth quarter results.

Yelp gained $1.85 to $32.70 after reporting higher than consensus fourth quarter revenues.

EquityClock's Daily Comment

Headline reads "The conditions are present to see the normal pullback of stocks through the remainder of February".

http://www.equityclock.com/2023/02/09/stock-market-outlook-for-february-10-2023/

Technical Notes

General Motors $GM an S&P 100 stock moved above $42.27 completing a base building pattern.

Trader's Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for Feb.9th 2023

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for Feb.9th 2023

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for Feb.9th 2023

Green: Increase from previous day

Red: Decrease from previous day

Links offered by valued providers

Lawrence G. McMillan Opinion: Watch the stock market closely now. If the S&P 500 breaks below 4100, the next stop could be 7% lower.

Editor's Note: The S&P 500 closed yesterday at 4,081.50

https://www.marketwatch.com/story/watch-the-stock-market-closely-now-if-the-s-p-500-breaks-below-4100-the-next-stop-could-be-7-lower-11675966135?itm_source=parsely-api&mod=mw_pushly&send_date=20230209

Weakness Presents Opportunity | Tom Bowley | Trading Places (02.09.23)

https://www.youtube.com/watch?v=iLRkFyfc1l4

S&P 500 Momentum Barometers

The intermediate term Barometer dropped 5.20 to 62.40. It remains Overbought. Daily trend is down.

The long term Barometer slipped another 2.20 to 68.40. It remains Overbought. Daily trend is down.

TSX Momentum Barometers

The intermediate term Barometer dropped another 4.66 to 61.44. It remains Overbought. Daily trend resumed a downtrend.

The long term Barometer slipped 2.97 to 66.53. 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