U.S. equity index futures were higher this morning. S&P 500 futures were up 9 points at 8:30 AM EST.
Zoom Video Communications $ZM dropped $1.04 to $80.40 after offering quarterly guidance below consensus
Cleveland Cliffs $CLF dropped $0.55 to $10.60 after reporting a quarterly loss.
Bank of Montreal is expected to open higher after reporting better than consensus fiscal first quarter results.
Bank of Nova Scotia is expected to open higher after reporting higher than consensus fiscal first quarter results.
EquityClock's Stock Market Outlook for February 25th
The equity market is weakening and it is entirely normal for this time of year. See:
https://equityclock.com/2025/02/24/stock-market-outlook-for-february-25-2025/
Technical Notes
Berkshire Hathaway $BRK.B an S&P 100 stock moved above $491.67 to an all-time high extending an intermediate uptrend.
Verisk $VRSK a NASDAQ 100 stock moved above $296.18 to an all-time high extending an intermediate uptrend.
Pepsico $PEP a NASDAQ 100 stock moved above $155.47 completing a double bottom pattern
Home Depot $HD a Dow Jones Industrial Average stock moved below $380.10 and $379.72 completing a Head & Shoulders pattern
Marvel Technology $MRVL a NASDAQ 100 stock moved below $99.52 completing a modified Head & Shoulders pattern.
Metro $MRU.TO a TSX 60 stock moved above Cdn$94.48 to an all-time high extending an intermediate uptrend.
Trader's Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for February 24th 2025
Green: Increase from previous day
Red: Decrease from previous day
Source for all positive seasonality ratings:
Commodities
Daily Seasonal/Technical Commodities Trends for February 24th 2025
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for February 24th 2025
Green: Increase from previous day
Red: Decrease from previous day
Links offered by valued providers
Tariffs, Tech, and Turbulence: Markets Wait For Nvidia Earnings: Guy Adami, Dan Nathan, Liz Thomas
Tariffs, Tech, and Turbulence: Markets Wait For Nvidia Earnings - YouTube
What to expect from Canadian bank earnings
What to expect from Canadian bank earnings - YouTube
There’s going to be a mid-year AI digestive phase, says Dan Niles
There’s going to be a mid-year AI digestive phase, says Dan Niles - YouTube
Quick Market Update: Technical Analysis Point of View: TheTechnicalTraders
https://www.youtube.com/watch?v=1KTr9jlGoII
CHART THIS with David Keller, CMT Monday 2/24/25: David Keller
https://www.youtube.com/watch?v=lt-fiKXPz9o
How to Profit Using Market Cycles & Market Breadth: ValueTrendCanada
https://www.youtube.com/watch?v=B9z5rzwDep8
S&P 500 Momentum Barometers
The intermediate term Barometer added 1.00 to 54.20. It remains Neutral.
The long term Barometer added 0.40 to 60.20. It returned to Overbought on a recovery above 60.00.
TSX Momentum Barometers
The intermediate term Barometer added 0.45 to 46.36. It remains Neutral.
The long term Barometer added 0.45 to 59.55. It remains Neutral.
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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