Tech Talk for Thursday October 16th 2025

U.S. equity index futures were higher this morning. S&P 500 futures were up 21 points at 8:30 AM EDT

JB Hunt Transport Services gained $15.70 to $154.53 after reporting higher than consensus third quarter results.

United Airlines slipped $0.81 to $103.24 after reporting less than consensus third quarter revenues. Seasonal influences are favourable until November 14th. See seasonality chart at www.EquityClock.com

Zion Bancorp dropped $2.78 to $51.25 after announcing a $60 billion provision for the third quarter.

Hewlett Packard Enterprises dropped $1.59 to $23.45 after lowering fourth quarter guidance.

EquityClock's Market Outlook for October 16th

Canada's macro-economic backdrop looks pretty dire, but the stocks are looking good. See:

https://equityclock.com/2025/10/15/stock-market-outlook-for-october-16-2025/

Technical Notes

20 year+ Treasury Bonds iShares (TLT) moved above $90.72 extending an intermediate uptrend.

Morgan Stanley (MS) an S&P 100 stock moved above $163.98 to an all-time high extending an intermediate uptrend. The company reported higher than consensus third quarter results. Seasonal influences are favourable until January 10th. See seasonality chart at www.EquityClock.com

Adobe (ADBE) an S&P 100 stock moved below $330.04 extending an intermediate downtrend.

Natural Gas ETN (UNG) moved below $11.72 extending an intermediate downtrend.

Trader's Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for October 15th 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 15th 2025

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for October 15th 2025

Green: Increase from previous day

Red: Decrease from previous day

Links offered by valued providers

The market is at risk of a 5-10% drawdown, says RBC’s Lori Calvasina

The market is at risk of a 5-10% drawdown, says RBC’s Lori Calvasina - YouTube

Bracing for an increase in volatility for next three weeks, says Fairlead’s Katie Stockton

Bracing for an increase in volatility for next three weeks, says Fairlead’s Katie Stockton - YouTube

The Balloon Is Going to Pop: Are You Ready for the Crash? ValueTrendCanada

The Balloon Is Going to Pop: Are You Ready for the Crash? - YouTube

"Buy the Dip" Mentality Holds, Data Backup to Ignite Volatility: Schwab Network

"Buy the Dip" Mentality Holds, Data Backup to Ignite Volatility - YouTube

MRKT Call LIVE with Special Guest Chris Verrone

https://www.youtube.com/watch?v=paISfliZ5D8

Cycles in Stocks, Bonds, USD, Gold, BTC & More | Trading Market Cycles, Oct. 14, 2025

https://www.youtube.com/watch?v=6dmXh0rCGgU

Josef Schachter's Eye on Energy – Oct 15 WTI Breaches US$59/b On Concerns About Escalating US Trade War With China.

https://marketing.verticalmotion.ca/t/j-e-ydlthliy-jhujkhdkw-t/

5 Overlooked AI Stocks with BIG Upside Potential: Joe Rabil

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

S&P 500 Momentum Barometers

The intermediate term Barometer slipped 0.20 to 49.80. It remains Neutral.

The long term Barometer dropped 1.40 to 62.80. It remains Overbought.

TSX Momentum Barometers

The intermediate term Barometer added 1.40 to 70.56. It remains Overbought.

The long term Barometer dropped 1.40 to 82.24. 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