Tech Talk for Thursday January 16th 2025

U.S. equity index futures were higher this morning. S&P 500 futures were up 2 points at 8:35 AM EST.

S&P 500 futures dropped 5 points following release of economic news at 8:30 AM EST. Consensus for December U.S. Retail Sales was a 0.5% increase versus a 0.7% increase in November. Actual was a 0.4% increase. Excluding auto sales, consensus for December U.S. Retail Sales was a 0.5% increase versus a 0.2% increase in November. Actual was a 0.4% increase. Consensus for January Philly Fed Index was -5.2 versus -16.4 in December. Actual was +44.1.

UnitedHealth Group dropped $9.41 to $534.01 after reporting less than consensus fourth quarter revenues.

Target gained $1.21 to $135.74 after announcing that same store sales growth in November and December were higher than expected.

Taiwan Semiconductor advanced $8.04 to $214.84 after reporting higher than consensus fourth quarter revenues and earnings.

EquityClock's Stock Market Outlook for January 16th

The market is rallying as a result of the suggestion of a calming of inflationary pressures, but we are seeing this burden on consumer and businesses ramping up.  We examine ways to take advantage of this shift. See:

https://equityclock.com/2025/01/15/stock-market-outlook-for-january-16-2025/

Technical Notes

U.S. Oil Fund ETN $USO moved above $83.29 to a 30 month high extending an intermediate uptrend.

First Trust Natural Gas ETF $FCG moved above $26.56 extending an intermediate uptrend.

Financial SPDRs $XLF moved above intermediate resistance at $49.17. Responded to higher than consensus fourth quarter earnings reports by five money center banks.

American Express $AXP a Dow Jones Industrial Average stock moved $307.10 to an all-time high extending an intermediate uptrend.

Intuitive Surgical $ISRG moved above $556.18 to an all-time high extending an intermediate uptrend.

Cisco $CSCO a Dow Jones Industrial Average stock moved $59.82 to an all-time high extending an intermediate uptrend.

NetEase $NTES a NASDAQ 100 stock moved above $103.88 setting an intermediate uptre

Trader's Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for January 15th 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 15th 2025

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for January 15th 2025

Green: Increase from previous day

Red: Decrease from previous day

Links offered by valued providers

The Bullish Case for Small Caps vs. Large Caps: David Keller

https://www.youtube.com/watch?v=xUYEU4kzr54

Investing Legend Dan Niles Reveals Top Picks For 2025

https://www.youtube.com/watch?v=ndPGTcjcGf4

How to Find a BUY Signal Using The 1-2-3 Reversal Pattern: Joe Rabil

https://www.youtube.com/watch?v=badzaA83fZc

Stocks Rally On Inflation Report & Bank Earnings: Guy Adami, Dan Nathan, John Butters (FactSet).

https://www.youtube.com/watch?v=cyocP7FKrhA

An Extreme Winter Weather Pattern Is Coming... Energy stocks are responding

https://www.youtube.com/watch?v=sexRC0s-siE

CHART THIS with David Keller, CMT Wednesday 1/15/25

https://www.youtube.com/watch?v=vZ3eyL1sCdA

S&P 500 Momentum Barometers

The intermediate term Barometer advanced 8.00 to 32.60. It remains Oversold.

The long term Barometer added 0.60 to 58.00. It remains Neutral.

P.S. The short term (20 day) Barometer jumped 13.40 to 56.00

TSX Momentum Barometers

The intermediate term Barometer advanced 2.69 to 34.98. It remains Oversold.

The long term Barometer slipped 0.45 to 62.78. It remains Overbought.

P.S. The short term (20 day) Barometer jumped 7.62 to 48.43.

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