Tech Talk for Tuesday January 25th 2022

Daily Reports Add comments

Pre-opening Comments for Tuesday January 25th

U.S. equity index futures were lower this morning. S&P 500 futures were down 70 points in pre-opening trade.

IBM added $3.18 to $132.00 after reporting higher than consensus fourth quarter revenues and earnings.

clip_image001[1]

MMM advanced $2.91 to $175.71 after reporting higher than consensus fourth quarter earnings.

clip_image002[1]

General Electric dropped$2.49 to $94.42 after reporting lower than consensus fourth quarter earnings.

clip_image003[1]

American Express added $1.06 to $159.99 after reporting higher than consensus fourth quarter earnings.

clip_image004[1]

 

EquityClock’s Daily Comment

Following is a link:

http://www.equityclock.com/2022/01/24/stock-market-outlook-for-january-25-2022/

 

Observation

North American equity indices recorded a strong recovery following a brutal period of weakness from the opening to noon yesterday.

clip_image001

clip_image002

 

Technical Notes released yesterday at

StockTwits.com@EquityClock

Dow Jones Industrial Average SPDRs $DIA moved below $339.44 and $334.35 extending an intermediate downtrend.

clip_image003

Dow Jones Transportation Average (and its related ETF $DJT) moved below 15,472.29 and 15,423.42 setting/extending an intermediate downtrend.

clip_image004

S&P 500 SPDRs $SPY moved below intermediate support at $424.86

clip_image005

Equal weight S&P 500 ETF $RSP moved below intermediate support at $151.13

clip_image006

TSX Composite Index $TSX.CA moved below $20,482.33 completing a double top pattern.

clip_image007

Europe iShares $IEV moved below $90.91, $50.97 and $51.07 setting an intermediate downtrend.

clip_image008

U.S. Sector SPDRs that broke intermediate support/set an intermediate downtrend this morning included $XLB $XLF and $XLI

clip_image009

Another sector SPDR breakdown! Technology SPDRs $XLK moved below $146.60 extending an intermediate downtrend.

clip_image010

International ETFs that broke intermediate support/set intermediate downtrends this morning included $EWG $EWY $EZU $EWA $EIS $EPP $EFA and $FM

clip_image011

S&P 100 and NASDAQ 100 stocks that broke intermediate support/set intermediate downtrends this morning included $SPG $FB $CDNS $INTU $TSLA and $PAYX

clip_image012

MMM $MMM a Dow Jones Industrial Average company moved below $169.18 extending an intermediate downtrend.

clip_image013

Prominent Canadian sector ETFs that broke intermediate support/ set an intermediate downtrend this morning included $ZEM.CA and XRE.CA

clip_image014

TSX 60 stocks moving below intermediate support/setting intermediate downtrends this morning included $CSU.CA QSR.CA $BAM.A.CA and POW.CA

clip_image015

More TSX 60 stocks breaking intermediate support! Open Text $OTEX moved below US$44.55 and US$44.98, Franco Nevada $FNV moved below US125.20 and CGI Group $GIB moved below US$80.23

clip_image016

 

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for Jan.24th 2022

clip_image018

Green: Increase from previous day

Red: Decrease from previous day

 

Commodities

Daily Seasonal/Technical Commodities Trends for Jan.24th 2022

clip_image020

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for Jan.24th 2021

clip_image022

Green: Increase from previous day

Red: Decrease from previous day

All seasonality ratings are based on performance relative to the S&P 500 Index (except TSX)

 

S&P 500 Momentum Barometers

clip_image023

The intermediate term Barometer added 0.40 to 33.07 yesterday. It remains Oversold.

clip_image024

The long term Barometer added 1.40 to 54.51 yesterday. It remains Neutral.

 

TSX Momentum Barometers

clip_image025

The intermediate term Barometer dropped 3.95 to 32.13 yesterday. It remains Oversold.

clip_image026

The long term Barometer slipped 1.81 to 47.96 yesterday. It remains Neutral.

Disclaimer: Seasonality 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




4 Responses to “Tech Talk for Tuesday January 25th 2022”

  1. Ron/BC Says:

    Wouldn’t it be a lot easier and more predictable to go to the Casino???????????????

  2. Larry/ON Says:

    Financials and specifically Cdn banks holding up very well. ZEB is above the 20 day average. I am repetitive but in a rising interest rate environment that is the sector that offers the best odds. It has saved my bacon this month.

  3. still_learning Says:

    re #2:

    Larry, I agree about ZEB.TO. I’m adding to my holdings on any dip from here. FOMC dip coming?

  4. Paula Says:

    RE: Cdn banks. I added to ZWB.TO today. I like the yield at ~ 4.5 % currently. I consider this a longer term investment rather than a trade. It goes x-dividend on January 27th, so there is still time to buy it tomorrow for the next dividend payment.

    It is in a strong uptrend, reflecting the strong trend in banks and is outperforming the real estate reit XRE as well as XIU.

    https://schrts.co/vWjEvaer

Entries RSS Comments RSS Log in