Tech Talk for Thursday September 11th 2025

U.S. equity index futures were higher this morning. S&P 500 futures were up 5 points at 8:35 AM EDT.

S&P 500 futures dropped 10 points following release of the U.S. August Consumer Price Index at 8:30 AM EDT. Consensus was a 0.3% increase versus a 0.2% increase in July. Actual was a 0.4% increase. On a year-over-year basis, August CPI was expected to increase 2.9% versus 2.7% in July. Actual was a 2.9% increase. Excluding food and energy, August CPI was expected to increase 0.3% versus a 0.3% increase in July. Actual was a 0.3% increase On a year-over year basis, core CPI was expected to increase 3.1% versus a 3.1% increase in July. Actual was a 3.1% increase.

Chipotle added $0.07 to $38.78 after announcing plans to expand into Asia.

EquityClock's Market Outlook for September 11th

The surge in Oracle is benefiting our allocation in Software stocks at this seasonally strong time of year, but a rotation ahead may be warranted as the market nears its risk-on timeframe. See:

https://equityclock.com/2025/09/10/stock-market-outlook-for-september-11-2025/

Technical Notes

Technology SPDRs (XLK) moved above $270.05 to an all-time high extending an intermediate uptrend.

Oil Services ETF (OIH) moved above $258.18 extending an intermediate uptrend.

Oracle (ORCL) an S&P 100 stock moved above $260.87 to an all-time high extending an intermediate uptrend. Responded to higher than consensus quarterly results! Seasonal influences are favourable until mid-October. See seasonality chart at www.equityclock.com

S&P 100 and NASDAQ 100 stocks moving below support setting intermediate downtrends included Synopsys (SNPS) on a move below $437.69, Colgate (CL) on a move below $82.40, Trade Desk (TTD) on a move below $50.21, Roper Technologies (ROP) on moves below $514.85 and $513.12, Paychex (PAYX) on a move below $133.03,

Trader's Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for September 10th 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 September 10th 2025

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for September 10th 2025

Green: Increase from previous day

Red: Decrease from previous day

Links offered by valued providers

Is It Time To Bet Against Volatility? | MRKT Call at HOOD Summit 2025

https://www.youtube.com/watch?v=U5PUv2asHQM

Market Call: John Zechner’s outlook on North American Large Caps

https://www.youtube.com/watch?v=11AnL0mtVZE

Is the SPX Exhausted? Joe Rabil

Is the SPX Exhausted? - YouTube

Wholesale prices unexpectedly declined 0.1% in August, as Fed rate decision looms

Wholesale prices unexpectedly declined 0.1% in August, as Fed rate decision looms - YouTube

S&P 500 Momentum Barometers

TSX Momentum Barometers

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.