Tech Talk for Wednesday February 19th 2025

Pre-opening Comments for Wednesday February 19th

U.S. equity index futures were lower this morning. S&P 500 futures were down 12 points at 8:35 AM EST

S&P 500 futures were unchanged following release of U.S. January Housing Starts at 8:30 AM EST. Consensus was a drop to 1.370 million units from 1.499 million units in December. Actual was 1.37 million units.

Devon Energy added $0.32 to $35.20 after reporting higher than consensus fourth quarter earnings.

Celanese dropped $9.81 to $60.10 after reporting a fourth quarter loss and an 8% drop in fourth quarter revenues.

Occidental Petroleum dropped $0.65 to $48.19 after reporting a fourth quarter loss and lower than consensus fourth quarter revenues.

Toll Brothers dropped $6.34 to4115.71 after reporting revenues and earnings below consensus.

EquityClock's Stock Market Outlook for February 19th

Commodity exposure continues to attract demand as traders seek to mitigate the inflationary impact that tariffs are likely to impose. See:

https://equityclock.com/2025/02/18/stock-market-outlook-for-february-19-2025/

Technical Notes

Late strength by the S&P 500 above 6,128.18 moved the Index to an all-time high.

Natural Gas ETN $UNG moved above $20.03 extending an intermediate uptrend.

Palo Alto Networks $PANW a NASDAQ 100 stock moved above $207.24 to an all-time high extending an intermediate uptrend.

Deere $DE an S&P 100 stock moved above $485.84 to an all-time high extending an intermediate uptrend.

Lam Research $LRCX a NASDAQ 100 stock moved above $85.19 and $86.29 extending am on intermediate uptrend.

Chipotle $CMG an S&P 100 stock moved below $55.30 and $55.02 setting an intermediate downtrend.

SNC Lavalin $ATRL.TO a TSX 60 stock moved below Cdn$69.01 completing a Head & Shoulders pattern.

Trader's Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for February 18th 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 February 18th 2025

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for February 18h 2025

Green: Increase from previous day

Red: Decrease from previous day

Dates for seasonality (Neutral or Positive) have been updated to correspond to EquityClock's dates. Note significant changes that occur at this time of year.

Links offered by valued providers

Three Signs of a Coming Bear Market – February 2025 Update! David Keller

Three Signs of a Coming Bear Market – February 2025 Update! - YouTube

Trump’s tariff policies could trigger a global recession: David Rosenberg

Trump’s tariff policies could trigger a global recession: David Rosenberg - YouTube

Rotation Signals Commodities Springing Back to Life! RRG charts

Rotation Signals Commodities Springing Back to Life! - YouTube

Idle Markets Are The Devil's Workshop: What Investors Should Expect! Guy Adami and Liz Young Thomas.

Idle Markets Are The Devil's Workshop: What Investors Should Expect! - YouTube

S&P 500 Momentum Barometers

The intermediate term Barometer added 4.40 to 58.80. It remains Neutral.

The long term Barometer added 1.40 to 61.40. It changed from Neutral to Overbought on a move above 60.00.

TSX Momentum Barometers

The intermediate term Barometer added 5.43 to 49.32. It remains Neutral.

The long term Barometer added 1.81 to 62.44. 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