Tech Talk for Friday October 17th 2025

U.S. equity index futures were lower this morning. S&P 500 futures were down 3 points at 8:30 AM EDT.

Eli Lilly dropped $33.42 to $785.97 and Novo Nordisk dropped $2.34 to $53.75 after President Trump promised that cost for users weight-loss drugs will be much lower.

CSX added $0.91 to $36.90 after reporting higher than consensus third quarter earnings. Seasonal influences are favourable until early December. See seasonality chart at www.EquityClock.com

Truist added $0.48 to $41.57 after reporting higher than consensus third quarter results. Seasonal influences are favourable until January 28th. See seasonality chart at www.EquityClock.com

EquityClock's Market Outlook for October 17th

Banks collapsing, credit spreads widening, and bears emerging...oh my! See:

https://equityclock.com/2025/10/16/stock-market-outlook-for-october-17-2025/

Technical Notes

Yield on 10 year U.S. Treasuries dropped below 3.99% to a six month low extending an intermediate downtrend.

Zions Bancorp (ZION) plunged $7.14 to $46.89 (i.e. below support at $50.24) extending an intermediate downtrend. The Bank admitted to a $50 million loss from two accounts. Western Alliance (WAL) plunged $8.84 to $70.00 on concern that a revolving credit note to a major customer is in jeopardy. The news impacted the U.S. regional bank sector: Regional Banking SPDRs (KRE) plunged $3.84 to $58.14

Barrick Gold (ABX.TO) a TSX 60 stock moved above Cdn$49.92 to an all-time high extending an intermediate uptrend.

ADP (ADP) a NASDAQ 100 stock moved below $282.27 extending an intermediate downtrend.

Verisk Analytics (VRSK) a NASDAQ 100 stock moved below $239.83 extending an intermediate downtrend.

Okta (OKTA) a NASDAQ 100 stock moved below $87.24 extending an intermediate downtrend.

Trader's Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for October 16th 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 October 16th 2025

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for October 16th 2025

Green: Increase from previous day

Red: Decrease from previous day

Links offered by valued providers

Investor Education Month: Using technical analysis to build your trading skills

Investor Education Month: Using technical analysis to build your trading skills - YouTube

Prediction Markets on Government Shutdown, TSM Earnings & CRM Guidance Hike: Schwab Network

Prediction Markets on Government Shutdown, TSM Earnings & CRM Guidance Hike - YouTube

MRKT Call – Thursday, October 16th: Dan Nathan and Liz Thomas

https://www.youtube.com/watch?v=A5_wmFycUmA

Gary Wagner: A Correction is coming for Gold, But This is The Level to Watch: Kitco News

https://www.youtube.com/watch?v=C4GWFRKEQ5M

S&P 500 Momentum Barometers

The intermediate term Barometer plunged 8.60 to 41.20. It remains Neutral.

The long term Barometer dropped 3.60 to 59.20. It changed from Overbought to Neutral on a drop below 60.00.

TSX Momentum Barometers

The intermediate term Barometer dropped 5.61 to 64.95. It remains Overbought. Daily downtrend was established.

The long term Barometer dropped 1.87 to 80.37. It remains Overbought. Daily downtrend was established.

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