Tech Talk for Wednesday January 15th 2025

U.S. equity index futures were higher this morning. S&P 500 futures were up 84 points at 8:35 AM EST.

S&P 500 futures added 63 points following release of economic news at 8:30 AM EST. Consensus for the December Consumer Price Index was a 0.4 % increase versus a 0.3% increase in November. Actual was a 0.4% increase. On a year-over-year basis, consensus was a 2.9% increase versus a 2.7% gain in November. Actual was a 2.9% increase. Excluding food and energy consensus was a 0.3% increase versus a 0.3% gain in November. Actual was. 0.2% gain. On a year-over-year basis consensus was a 3.3% increase versus a 3.3% gain in November. Actual was a 3.2% gain. Consensus for the January Empire State Manufacturing Survey was -0.30 versus 0.20 in December Actual was -12.6.

JP Morgan Chase advanced $2.69 to $250.16 after reporting higher than consensus fourth quarter earnings.

Wells Fargo gained $2.35 to $73.54 after reporting higher than consensus fourth quarter earnings.

Goldman Sachs added $8.87 to $580.20 after reporting higher than consensus fourth quarter earnings.

EquityClock's Stock Market Outlook for January 15th

Commodity prices (and the stocks with exposure) perking up as inflation expectations rise. See:

https://equityclock.com/2025/01/14/stock-market-outlook-for-january-15-2025/

Technical Notes

Pharmaceutical ETF $PPH moved below $85.59 extending an intermediate downtrend.

Baker Hughes $BKR a NASDAQ 100 stock moved above $45.17 to an all-time high extending an intermediate uptrend.

Airbnb $ABNB a NASDAQ 100 stock moved below $127.23 extending an intermediate downtrend.

Biogen $BIIB a NASDAQ 100 stock moved below $145.07 extending an intermediate downtrend

Canadian Tire $CTC.A.TO a TSX 60 stock moved above $161.12 extending an intermediate uptrend.

Trader's Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for January 14th 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 14th 2025

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for January 14th 2025

Green: Increase from previous day

Red: Decrease from previous day

Links offered by valued providers

Chip Regulations, AI Software & the Fateful Eight: Navigating Tech in 2025: Dan Nathan

Chip Regulations, AI Software & the Fateful Eight: Navigating Tech in 2025 - YouTube

‘Keep On Truckin”: Goldman Sachs’ playbook for 2025:

‘Keep On Truckin”: Goldman Sachs’ playbook for 2025 - YouTube

Not expecting any Fed rate cuts this year, says BofA’s Savita Subramanian

Not expecting any Fed rate cuts this year, says BofA’s Savita Subramanian - YouTube

Silverman: Seasonal volatility and market selloff are normal in January. RBC Capital

Silverman: Seasonal volatility and market selloff are normal in January. - YouTube

Huge headwind’ for the market: Rosenberg’s bearish call: David Rosenberg

‘Huge headwind’ for the market: Rosenberg’s bearish call - YouTube

John O’Connell’s Market Outlook: North American large cap stocks | Market Call

John O’Connell’s Market Outlook: North American large cap stocks | Market Call - YouTube

CHART THIS with David Keller, CMT Tuesday 1/14/25

https://www.youtube.com/watch?v=PSjm1SUvGUY

This Winter Weather Is About To Get Much Worse…

Natural gas prices advanced to a six month high.

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

S&P Momentum Barometer

The intermediate term Barometer advanced 5.00 to 24.60. It remains Oversold.

The long term Barometer advanced 3.40 to 57.40. It remains Neutral.

P.S. The short term (20 day) Barometer jumped 14.40 to 42.60

TSX Momentum Barometer

The intermediate term Barometer advanced 3.14 to 33.29. It remains Oversold.

The long term Barometer added 1.35 to 63.23. It remains Overbought.

P.S. The short term (20 day) Barometer advanced 7.62 to 40.81.

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