Tech Talk for Thursday July 3rd 2025

Europe iShares (IEV) moved above $63.47 to an all-time high extending an intermediate uptrend. Seasonal influences are favourable until the end of July. See: https://charts.equityclock.com/ishares-msci-europe-imi-index-etf-tsexeu-to-seasonal-chart

Mexico iShares (EWW) moved above $61.31 extending an intermediate uptrend. Seasonal influences are favourable until the end of July. See: https://charts.equityclock.com/ishares-msci-mexico-capped-etf-nyseeww-seasonal-chart

Global Base Metals iShares (PICK) moved above $38.13 and $38.35 completing a reverse Head & Shoulders pattern. Seasonal influences are favourable to the end of July. See:

https://charts.equityclock.com/ishares-msci-global-metals-mining-producers-etf-amexpick-seasonal-chart Notable breakout by a stock in the sector was VALE on a move above $10.22 completing a double bottom pattern. Also, the Canadian equivalent Global Base Metals iShares (XBM.TO) moved above Cdn$20.90 extending an intermediate uptrend.

Global Timber iShares (WOOD) moved above $75.20 extending an intermediate uptrend.

Seasonal influences are favourable on a real and relative basis until mid-September. See:

https://charts.equityclock.com/seasonal_charts/WOOD_RelativeToSPX.png Also, the Invesco Global Timber ETF (CUT) moved above $31.13 setting an intermediate uptrend.

Solar ETF (TAN) moved above $35.93 completing a reverse Head & Shoulders pattern. Seasonal influences are favourable on a real and relative basis until the first week of August. See:

https://charts.equityclock.com/seasonal_charts/TAN_RelativeToSPX.png

Agribusiness iShares (COW.TO) moved above Cdn$68.55 to a 30 month high extending an intermediate uptrend. Seasonal influences are favourable on a real and relative basis until the end of August. See: https://charts.equityclock.com/ishares-global-agriculture-index-etf-tsecow-to-seasonal-chart

S&P 100 and NASDAQ 100 stocks breaking to new highs and extending an intermediate uptrend included Honeywell (all-time high), American Express (all-time high), Align, QUALCOMM, Analog Devices, FedEx, DuPont, Trimble and Kraft Heinz.

TSX 60 stocks breaking to new highs extending an intermediate uptrend included Rogers Communications and CCL Industries

Trader's Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for July 2nd 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 July 2nd 2025

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for July 2nd 2025

Green: Increase from previous day

Red: Decrease from previous day

Links offered by valued providers

Top 10 July 2025 Stock Picks You Shouldn’t Miss

Top 10 July 2025 Stock Picks You Shouldn’t Miss - YouTube

SPX "Golden Cross" and Rotation Trade Kickstart 2H25

SPX "Golden Cross" and Rotation Trade Kickstart 2H25 - YouTube

Carter Worth Charts $AAPL After Jefferies Upgrade

https://www.youtube.com/watch?v=-8Bs4KAJ3tY

Market Signals Align - Is a Bigger Move Ahead? Frank Capperrelli

Market Signals Align - Is a Bigger Move Ahead? - YouTube

Banks: a break to a new valuation paradigm? asks TD Cowen’s Steven Alexopoulos

Banks will a break to a new valuation paradigm, says TD Cowen’s Steven Alexopoulos - YouTube

MACD Crossovers: Why Most Traders Get It Wrong: Joe Rabil

MACD Crossovers: Why Most Traders Get It Wrong - YouTube

S&P 500 Momentum Barometers

The intermediate term Barometer dropped 4.60 to 76.80. It remains Overbought.

The long term Barometer added 1.40 to 62.60. It remains Overbought. Daily uptrend was extended.

TSX Momentum Barometers

The intermediate term Barometer dropped 2.35 to 84.51. It remains Overbought.

The long term Barometer added 2.82 to 82.16. 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.