Tech Talk for Thursday January 23rd 2025

U.S. equity index futures were lower this morning. S&P 500 futures were down 8 points at 8:35 AM EST.

The Canadian Dollar was unchanged at US69.42 cents following release of Canada's November Retail Sales report at 8:30 AM EST. Consensus was a 0.2% gain versus unchanged in October. Actual was unchanged.

Alcoa added $0.87 to $38.88 after reporting higher than consensus fourth quarter results.

Kinder Morgan slipped $0.15 after reporting less than consensus fourth quarter revenues.

M&T Bank advanced $1.41 to $197.81 after announcing a $4 billion share buyback program.

Discover Financial Services gained $2.25 to $199.80 after reporting higher than consensus fourth quarter earnings.

EquityClock's Stock Market Outlook for January 23rd

The devastating storms that hit the southern states this fall is resulting in a building boom in the region. We examine various stocks/segments of the market that are benefiting at this seasonally strong time of year. See:

https://equityclock.com/2025/01/22/stock-market-outlook-for-january-23-2025/

Technical Notes

S&P 500 Index $SPX moved above 6,099.97 and S&P 500 SPDRs moved above $607.03 to all-time highs extending intermediate uptrends.

Technology SPDRs $XLK moved above $241.57 to an all-time high extending an intermediate uptrend.

Germany iShares $EWG moved above $34.12 to an all-time high extending an intermediate uptrend.

Netflix $NFLX an S&P 100 stock moved above $941.75 to an all-time high extending an intermediate uptrend.

Capital One $COF an S&P 100 stock moved above $197.66 to an all-time high extending an intermediate uptrend.

MMM $MMM a Dow Jones Industrial Average stock moved above $149.26 to a six year high extending an intermediate uptrend.

Agnico-Eagle Mines $AEM a TSX 60 stock moved above US$88.57 to an all-time high extending an intermediate uptrend.

Trader's Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for January 22nd 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 22nd 2025

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for January 22nd 2025

Green: Increase from previous day

Red: Decrease from previous day

Links offered by valued providers

Trump Enthusiasm Pushes Stocks to Record Highs: Guy Adami, Dan Nathan, Liz Young

Trump Enthusiasm Pushes Stocks to Record Highs - YouTube

Sam Stovall on Why Year 3 of a Bull Market Could Be a Challenging One (Ep. 20)

Sam Stovall on Why Year 3 of a Bull Market Could Be a Challenging One (Ep. 20) - YouTube

Portfolio strategies for market uncertainties: Andrew Pyle

Portfolio strategies for market uncertainties - YouTube

U.S. Dollar & Big Tech Outlook Under Trump 2.0: Schabb Network

U.S. Dollar & Big Tech Outlook Under Trump 2.0 - YouTube

Discover the BEST Way to Spot TREND CHANGES: Joe Rabil

Discover the BEST Way to Spot TREND CHANGES - YouTube

S&P 500 Momentum Barometers

The intermediate term Barometer dropped 3.80 to 49.40. It remains Neutral.

The long term Barometer dropped 0.80 to 62.00. It remains Overbought.

TSX Momentum Barometers

The intermediate term Barometer slipped 0.45 to 47.75. It remains Neutral.

The long term Barometer added 2.25 to 66.67. 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