Tech Talk for Wednesday January 22nd 2025
S&P 500 Index $SPX moved above intermediate resistance at 6,049.75. Intermediate trend changed from down to neutral. S&P 500 SPDRs $SPY moved above intermediate resistance at $590.70.
Eurozone iShares $EZU moved above $49.24 resetting an intermediate uptrend.
Visa $V a Dow Jones Industrial Average stock moved above $321.61 to an all-time high extending an intermediate uptrend.
General Dynamics $GD moved above $266.27 completing a double bottom pattern.
Global Gold iShares $XGD.TO moved above intermediate resistance at Cdn$23.47. Intermediate trend changed from down to neutral. Seasonal influences are favourable to April 9th. See:https://charts.equityclock.com/ishares-sptsx-global-gold-index-etf-tsexgd-to-seasonal-chart
Trader's Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for January 21st 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 21st 2025
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for January 21st 2025
Green: Increase from previous day
Red: Decrease from previous day
Note the increased score by TSX Financial and TSX Gold indices when they moved above intermediate resistance levels. Their trend changed from Down to Neutral
Links offered by valued providers
CHART THIS with David Keller, CMT Tuesday 1/21/25
https://www.youtube.com/watch?v=UHQY0gj7NP0
TSLA’s Price Target Hike on A.I., AAPL Downgrade Over "Weak" Sales: Schwab
TSLA’s Price Target Hike on A.I., AAPL Downgrade Over "Weak" Sales - YouTube
Market uncertainty is not past us yet, says Charles Schwab’s Liz Ann Sonders
Market uncertainty is not past us yet, says Charles Schwab’s Liz Ann Sonders - YouTube
Tech Titans, TikTok, and Tesla Get Political Under New Administration: Guy Adami and Dan Nathan
Tech Titans, TikTok, and Tesla Get Political Under New Administration - YouTube
Analyst expects Trump will impose "modest" tariffs on Canada and they will not be across the board
Outlook for Canada amid Trump tariffs: BNN
Outlook for Canada amid Trump tariffs - YouTube
S&P 500 Momentum Barometers
The intermediate term Barometer jumped 11.00 to 53.20. It remains Neutral. Daily trend remains up.
The long term Barometer added another 2.40 to 62.80. It remains Overbought. Daily trend remains up.
Short term (20 day) Barometer jumped another 9.00 to 81.80. It has become substantially Overbought. Daily trend remains up.
TSX Momentum Barometers
The intermediate term Barometer added 1.35 to 48.20. It remains Neutral. Daily trend is up.
The long term Barometer slipped 0.90 to 64.41. It remains Overbought.
The short term (20 day) Barometer advanced 9.46 to 66.22. It changed from Neutral to Overbought on a move above 60.00. Daily trend remains up.
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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