Tech Talk for Tuesday January 30th 2024
U.S. equity index futures were lower this morning. S&P 500 futures were down 10 points at 8:30 AM EST.
F5 Networks gained $11.64 to $197.01 after reporting higher than consensus fiscal first quarter earnings. The company also offered encouraging fiscal second quarter guidance.
![clip_image001[5]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2024/01/clip_image0015-7.png "clip_image001[5]")
Whirlpool dropped $4.81 to $112.98 after lower first quarter guidance.
![clip_image002[5]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2024/01/clip_image0025-9.png "clip_image002[5]")
Nucor added $2.36 to $179.00 after offering positive first quarter guidance.
![clip_image003[6]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2024/01/clip_image0036.png "clip_image003[6]")
Cleveland Cliffs dropped $0.42 to $18.47 after reporting a fourth quarter loss.
![clip_image004[5]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2024/01/clip_image0045-7.png "clip_image004[5]")
Technical Notes
Israel iShares $EIS moved above $58.91 and $58.92 extending an intermediate uptrend.
Procter & Gamble $PG a Dow Jones Industrial Average stock moved above $156.40 extending an intermediate uptrend.
Walt Disney $DIS a Dow Jones Industrial Average stock moved above $96.20 extending an intermediate uptrend.
S&P/TSE Financial Services iShares $XFN.TO moved above Cdn$48.11 extending an intermediate uptrend.
Trader's Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for Jan.29th 2024
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 Jan 29th 2024
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for Jan.29th 2024
Green: Increase from previous day
Red: Decrease from previous day
Links offered by valued providers
Bull Market Update: Stronger and Stronger! Greg Harmon
https://www.youtube.com/watch?v=9ODOXDufqsw
Market Rally Broaden Out Fake Out + Mega-Cap Tech Earnings: Guy Adami
https://www.youtube.com/watch?v=aMZn-cq6hZU
S&P 500 Momentum Barometers
The intermediate term Barometer added 1.80 to 78.40. It remains Overbought.
The long term Barometer added 2.20 to 75.60. It remains Overbought.
TSX Momentum Barometers
The intermediate term Barometer added 0.44 to 69.78. It remains Overbought.
The long term Barometer added 2.22 to 63.56. 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
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