Tech Talk for Tuesday August 19th 2025

U.S. equity index futures were mixed this morning. S&P 500 futures were down 2 points at 8:35 AM EDT.

S&P 500 futures were unchanged following release of July U.S. Housing Starts at 8:30 AM EDT. Consensus called for a drop to 1.290 million units from 1.327 million units in June. Actual was an increase to 1.430 million units

The Canadian Dollar slipped 0.10 to US72.32 cents following release of Canada's July Consumer Price Index at 8:30 AM EDT. Consensus called for a 0.3% increase in July versus a 0.1% gain in June. Actual was a 0.3% increase. On a year-over-year basis consensus called for a 1.8% increase versus a 1.9% increase in June. Actual was a 1.7% increase.

Palo Alto gained $10.29to $186.46 after releasing higher than consensus fourth quarter results. The company also offered positive first quarter guidance.

Intel advanced $1.28 to $24.94 after Softbank made a $2 billion investment in the company.

Home Depot added $5.30 to $400.00 after offering a favourable third quarter outlook.

EquityClock's Market Outlook for August 19th

A shift in the market is materializing as upside momentum in the Technology sector wanes. See:

https://equityclock.com/2025/08/18/stock-market-outlook-for-august-19-2025/

Technical Notes

McCormick (MKC) a NASDAQ 100 stock moved below $69.56 and $69.22 extending an intermediate downtrend.

Dollarama (DOL.TO) a TSX 60 stock moved above Cdn$196.35 to an all-time high extending an intermediate uptrend.

Trader's Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for August 18th 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 August 18th 2025

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for August 18th 2025

Green: Increase from previous day

Red: Decrease from previous day

Links offered by valued providers

Alphabet’s Hidden Potential: What The Charts Say! Guy Adami, Dan Nathan and Carter Worth

Alphabet’s Hidden Potential: What The Charts Say! - YouTube

Market Call: Javed Mirza’s outlook on North American Large Caps

Market Call: Javed Mirza’s outlook on North American Large Caps - YouTube

Don’t be surprised if market consolidates over next month: Mayfield

Don’t be surprised if market consolidates over next month: Mayfield - YouTube

The Big 3: MU, MO, GOOGL

The Big 3: MU, MO, GOOGL - YouTube

Expectations for Jackson Hole & Analyzing CPI, PPI Aftermath: Schwab Network

Expectations for Jackson Hole & Analyzing CPI, PPI Aftermath - YouTube

Citi’s Scott Chronert: Evidence earnings growth expectations are starting to broaden

Citi’s Scott Chronert: Evidence earnings growth expectations are starting to broaden - YouTube

Why Chinese Stocks Are Defying Weak Economic Data

Why Chinese Stocks Are Defying Weak Economic Data - YouTube

S&P 500 Momentum Barometers

The intermediate term Barometer added 0.40 to 59.60. It remains Neutral.

The long term Barometer dropped 0.60 to 61.00. It remains Overbought.

TSX Momentum Barometers

The long term Barometer added 2.37 to 67.77. It remains Overbought.

The long term Barometer dropped 0.95 to 79.62. 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.